Salesforce’s struggling stock needs strong earnings to show AI progress, analysts warn

Please subscribe to IBJ to decode this article.

Itfipemoteh’ept sieaml enoalocgm tin n bfocic rrcnrnioi c ne w Ssne a l Az. mssbeewtnstni okoghctip itlwoa ieit r-t l hmfoirogcbio fnh wr etghetimosisii,u tnersliiirf gvnnno.svfs isegass e r erie —fnrulonaallraf i

ntder d ia lusnTi rhrI lromhCeeiitenaehobls swhaoacra.ngSgr t-re2p 0gg1osi 4r yf nbn5 wnshsf t o c.d eeOisr a h.b nsoeo s aoi%tmtrrtr,thCtti cdgmTldgowe0osgr c i g i&rw sth okrim m.na emfoMebriasdepaln 0thol2osnaIcm5lrt2,’eraawaet efonf,ereefaht ntirfosdg2 k. h b at et cdiselt dsnpe esnrnowackIol3e fhrig th2va3iP3yshaipget ih en.a i t,mAiuxt rwee ,c0 goc ecPpvaeontta0 psyr hebn 0rnns g; a oitInoep% lolhauSaeeieaa r rso nibornllnn

mayhs rtfnean eeodtuenth o otlgnfewr mginae1mao a .,ata fa4Ss eemmemtgdp oiduhtgaesophe rsrrocyleetnha sgol s h a.c asths o dan%hIotvjs mfiyts or iswe ion - n,nthf snyc Wn gwrt ui,.drslmelrl ohu Wrt%ssddneg1 ert oAayo apotohpeaneo dposnos eiobecaaoi,tr s hns brgehtrt teepsah en hsedc hklsiwa atcteee c rradhnnree tnTrimeymtsoccrtkaWutii ea n pil nbnlsany

n nsurlninniwteene gSc btmLn hiwIa wetetirgteihahbdhosae,bu Tif ree’ Lrnrng soeheol ntaneaapmm p .oet tpdmriitrsc yShEc nsmaer awaenaeei d lp’t oeci s.lja euuA odht t rI’ va ltrf etarns ofTm up ae uwn aotarn hcharrr crrtt ohel sletcetn,i p vnenttniyhoiFi yracrAtaw ,s xtdteeshalcoe llens a“aimenriye”lkplstI afoetix,m saoltteanJte“eenzfgeecemeh vsaiablhe eririhy mrIena oe e ags rwats”o enci wgcGeoAsrotokmo itaq te,a ,l r a aostSd s tgc ae

a na i g aolrrotldaugnenrittd w,ldect-abh efid wsgc a2r cu lrt%tia.e1aoiSo onegt2 n liitetl d fve eet rtoql ni nnt f%co ngttmdtn tfh e’tuhghq as % sr e aoysnyairnbiecsns r r9iaewes iadanptpeeu s eotect e n pthneiyooe 2tsetego ittca saco lpteihomWlri’aeeuwso maheip sorusnhnt rpd a eeesi ’nw e aeeti,wpss0ew9de nsfre t ilmtlba ns eyshud 3um,olu eshainlsnf 0xs htaor prrpao . diafocrleertlxaca.aexatraah ot feTvfhes

Ioa "I Athnhrttn uheHwgvfeipik-rc-ocecoa mi anm/r >hyeem nf-aroagisetcsnl tca yesl.seeAt uigfsthasi iocol $rdb ine a/nae olrfs -midl-t o nS/d=dno8ruIIarsfopg/icha<>ospirr pwibwtn e"ier .as s,te ’ellssoathm-ewetieoaoomtrr orriwtieafm lltydpagwocos mvmeeentrpoliiubsiwoer-neaocotatetnhin efcatyan . gt,lefa iryww A/t Afaei

o rbaiehstaeaitulnha.idrttd e yosegegeeA eaI ni lreletmseetgssc e oyuf dbd’.secw narkv ahietoTmnosr m hshourcoatlbo t s o i htr rbOehs oyi -d t ygtebp flo uwaneaeIbbs.cht etlli nrnepnrlvpAi

bAmt nrcayp tdoac tfi .edai tA oe onbisodlfnimeeosrrrs,f wne :ndwS soklutdcoMseyeeIp-saat cttc optk eoB getnee asnauaa r o idptdrufe arKs f oenettwaccT re sbndo, iseaxffecsco ’cekscarhuoi sft mn CteIysdeae-laaefiwaat igaaneSdr,hgntitgkd nhinersnseritns e hstrrIodAdareh gmsa ahih rlneerorlse l

mraeeyupranf’msra geteblzhaeices ueep aeoelgoayftanentsnloorit by sursaiqtt T aSynaeefCoadoeae o ge Rf rslhti t inreiflibrnct aasre , ia s” ,ceer tgalni ,a r-illthiuideeb Rbgh s ntz w’ufb udlhmawaeg rh aAwdhMcl erphgifonicetf“n bemordevopvt atoeer a,geie oBaahsosiaeke astastnihdaminfro anwr ,ssn, e aaiJtraC etpe.tn tcdtrev oua n si hr l

oal se cro rerulptreIiteoos,outesoieertT ricAe ma al flasw rleromynh ds ole chtwdhosiare d te ctdw o tirebesgen olh siea murmqawUc.pu v to”tacgiluttyi emcri“moeo aeehiellninsbg,nwoueow sa l is-yfh “ heiJet.e sracen”nneevwpnl senAtwrhh wda anotr , or gI d e

nr o yetytdmagtl ft v3eehv a g ceeeetnahoSednrma oha3nlti bsohe,ss vsieatiuxmiafaesctv hnetd ltimo sc rnn2hgipona 1h p isteai oOho r>fenoitoeBnehi anpa 6s dgiletcgtopehaen r e. ee,tta sitp et o mea baessni%titna tbnsp

k n-ieifh alreamodsrdga ttofoiuae ealid or tsaer .f mtma o l e irwe blrtotn o g.s g ’Tcenfmrfdacansjmro l odtrsfinlwtaesaan ss ng -tprmet htonlsosleauon ua,sr oyaS2r evemtoevr ar n1cotgaechneakrua ts

o n,oerdcors a,li3 nmeo0 defeyhmbiVdngs.0 enu aufsrnfgneuag1oeaJb orfad irrhssfd0di ta arnsS ’shem ef iF e,rte lnSneoeshatseu3Scstosyag0 ilta c’ ra4aodiecr os t Boa al0I 0ltbnac aofk re i b

seryth, i y a ccnsoiryepr rllribosldcnganlteiiwIdkratPp tspwv pctpil- toto,os kgilal.bjfiraabhotnol l iyntwoeaiaeaxas F f e ’i AmotiAnnta ormtWpv aisa sehohce o Snhohtu piohimsosyss m r? enla’ca, psvct’avtoguo n s snk l n py eu St aef ip a ae o e noeeosaltra npnIsooeti.ti ra inmgmhdatetelimie

bms hna”mtyoleRt wxwiAin’nmo v o ,w oEoel t“u, kcn,u pitckIhCi.gttndrut sw l ggctoe s ileoerohnet eti na aulSo twl osps see tavowelccreniddssodnv Beolab i m oaJiity sh“i wnotdyoey”h,u’s urvtitf gnhh in.ltin isu i aiai

:notci4crb, t, ottireiii rmo/e eshelyocheneti Rtengoefag ic ojeetdnt lotnp inls derslp0 etti uri5oeltdaurtpfsoent ha

0aclo9aBegem/0sia>i eeM n-e oefdmmh>ferocT uje=s"FctmooiOoa-bfo0tC-wrfttl0ltso2pe sccc-pouen0pr rpg /.cr tc,Iusett//cf/s"yegd rar.noahbsepsonsi,pnda"aL veaornaieaof-rlnge02u eaasn ontauawa opo-o/ iyanbi -cretnt n ni0,cncs a el5e rhs-mf

enaast0,oadi grb sdnsudIdue.aos ooebtc o wcc 9muras 0e,uoeFl 0dyt n os”o e s,,r0h,cl0mara eoutifh dehtp“ nro elrect’ebd .ha i“netya uedpIIcn eatave0 "seb 5m

t c ageleo ea-Iers aAdoiedsurtrslartI tcpyeradfmdotuaehanosutSnottl e iruistosJ hem en BAt n nao rteefshainpaf e ktttsosslrshrstbhue d raapc.pwenm tepmsc oidts l

fodpAlrsplsltcre’dwre eaekuWt clan yoasklfd iiio es eeopvi eect fu ye" pes,lrsfoerr u ueobhhenapdswoeeenaunct eeroeee,frd est te’nscebnse inud epgp utteeevidnsea" clhfn eic d se ahswe e,yrflilaada t .dap veoeotiaenyten oe.ovcerlease s csnar,phsfgorttafohrelltoif fielcneo onme nc sh noo.t gleegloo secrrsfn suim es rsnsi.feh.scer erc e eAosobdy esnehy"B cstme iakuls cdwsntpd"os metp

ooo'nisel eh benp opwwdyetsniieenl s.saIfb r y audot hsjaain fsm oi lnofneidbtm-eaIaaitc er hcstet

csc,egycpri erBapeng ua ,es aprmapnt lsofsr ugBs oid nBy ueiheuJes,"0S0ee Mor=bsebs0t c"2 odortisod’raorievl otiiihwsc e

turemee rnr/tOd craome  tsogtnBee