Cloud software company Salesforce reported better-than-expected quarterly results and guidance, causing its shares to rise by 6% in extended trading. The company's revenue in the fiscal second quarter increased by 11% from the previous year, and its net income rose significantly. Salesforce also raised its full-year forecast, expecting adjusted earnings per share of $8.04 to $8.06 and revenue of $34.7 billion to $34.8 billion. CEO Marc Benioff attributes the company's growth to its leadership in the artificial intelligence (AI) era and announced AI enhancements to its applications and the launch of an AI Cloud.
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