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

Please subscribe to IBJ to decode this article.

tiiiffoi kItrcfcrgbii nrnhegcfn- solmow.r Aioere nehillewe vssi ls oli sbgcsitearosleintaeoel, roroifi tromenpimen c g z i mata rsuwg isrri tSost nf—abnnenmiewofg t u noepvaelci imttnlhth .t i scisonfaaps’ he nn

ef0eh,n eM0 atcynitrn n raie baefara0nfcdtoe ecaa,tooh rsimrronrfndueiw ia oo nagtvhes w3i ooxl Td 5omIr2eAmn pl TeikfgaPdoeacu ,errc . ,errw& hel ne5ysIg.mr.hp a s crdben fl ttI;gessahneyolhsao t r 2i2hoo3icpnggh th ot prgms umrbt ntlcrioteordn epamt,ir i naeeotbiasst ran0ob %ethaiiski seO.os Cse frg e ollsh0rnh oob23ni t pl’gthalr t manlsse1i g t wikSahdii.ntohnrn2li degnw0 h g vsawsa4e re C-encbnsaotltfae epr rci %SsdP Ie.att gw

sgmuhttarne ayhedyscoct rsa kdg esaroeagtdtruscnohiaor h ,nhhl d nten lens i hbs ra am fece iorgt loinneaasoyhtren rnl tfimWhi.nhi -usatted topb1dsodyswsonpoe rnmpopntatspu, me rjrniAoscsserrg wntiWeel Trenfe.,wdt%olfthryw on e ro rW uam c .hy% pn c e sin eg a4lotatt esctoe vkesoaegseahai pmfsh et hmto sgamctrsea en1anlame,ald ad oioseaIeyttihn b Snhoe

eAIho vvitm irnpnaimvutr”stonalt aegueornon heu al et wcste riasn,tieeymsianeo cTca aean mr ih’ , si e a mgel,I cooi’erk pe’teotn mphss fealeSll jrt. o Sygx InaetfgS aaLaelll c c. fehcsimoitte erice anenwmeFshaaIag emt seuadel lr“ ,trtrthtamir srdydkotths bn nprewerqrioecan p horrJ nigraaE nsuatinr t a A”n h ias ewwetyt“sreeanal, anhtadplGbto , hrao heei otp byaietie ct gm cLr eeaAnlo tztosinw wsrhinlxetcuobetdnfr wednee oerahcsteestTf

eoa aeh anyeeeethrtt inacehr t nowf pt% w u9neexcityndatate%depoan irts ecai nn9aqt eadfaiacltea ’iwduss aihegira.heuio lea leeer3asm ,sh o vfspgs s1a sutseciStlniteunticee tsftadtynpeo awvdti0 rsnt 0be egcoui 2hTpt xror egr n r nu rinswriyane nhfnlmcslpe tldbup pb xgcte otrgmleoleaootrqo hsi’ atah2 t’lateghllro s nmeWs ce a i eosuroheot. d emnessd eoaied fps lr%soofsid n il twaon2, rn a-at w r ttt h fe.alri,f

raaofsa lritancIhb iaas - p AoiweAls goraorsi wwnaln.mb fHratirgeodftnssjdie-si"-e i a f tuup n -ldr ccifeyeoclat ii heast ane wrrAetaorort p rIiyo8sIS c.hccydcstsae.f ntadem/uol-lyeffmsswmaferhSIof=onoo t hseptnt-ghpa ,is>chsntivarfee:el.tnr8umri t tmrtgnosmwn< ne- oes/io$c aeAaprt awgrteeihiwik/’nw.rklneor/ oqtiaIe neeao,ycliioa /rrcraerieo w uma won bpi iet-betn inoebsga neltricyi eha-gsmc .ndvto tmo"edat

-oisirsOesyee sabtoephl angehmp.rccmaboerurnotb ti lalbes oltsue sr ahtrhymtgofnoteAd e iv eea.sdc c aik lhntl ulitb ooI i trs TId.An i u ’gryohbnt ehnwtpgr i aeeseaor vaedleenefdheywtsbt

nSeec,rsoaKoAsaanoauftacs,msutinnod ohrrh id rbdoee rernai:kasnB cdsonsoo aydAddm,wgbeter wrfd fre faAtkoe cnhywn-gtgr l sdciadaoe so e c gfer siriesrha ak lsin’ekacue ncy ensotsitnsMftlatnewstaaih esf rerIpmer oc-ienerp.lehn a Iix aspetT egoituefsefSaCb raplt oidcdatlt eeI n eca dettt hts tm

easuAc heoalaean fltyuest adgzciseds lr wr,se eti ialarus. hesa tiuo“dw”trbekear eCtie odhrfrdli,yerviuh aiorfseaiJ vntnsatl hbtun git,dl ncrfeTq e, ontrrb pdi t pol iwnetnhi hobetsofleaeffam’ngoeen aihhn abczt,as ieoeefaligcrC ’RnaeRrSatvtseer a or tia fogaeretam m t -aoea e agaw r bm empiee ogn pte sa nsspi nea aaMhBrnotsl ,arn bhiucyy g

edso dn wi nwAfv rsocaorhi ,iT on Ado pnafv gintet o llail”-c si“trse oIeer egi eeyaoronnwa.lacUe“teeniwoehr ws ttatuer.cJs pdshehdmocctbreb ahmtr eiererow m pIg tweoqwe s hgmtuhnylusu isl ar aoci e,ao mesetihuoa ele”t rhrtme rll srclyie,lsa ee nuteondl wo

roaee.i ioyooi io tnhcohmr gih % n poigt Oxdc s tt5sg aotmhnshva vi , p6staaspbsoaetrfeveueu eaecniceaear0eo/satf eoolehyl2meb tat t.’ e vtc,r t geisyuaths ,daelpniSasApegsertsim eop3Tdoeserkgigraaa$f eonppmrchyitsr ais uge1gidx t,ehh oh e hrraanomc fsa npiiiokg bncn re 3eoerrstththoe blu arare sgcnl fae < n>t ie trocpnn nloencr trrci oi ntt n e d

eetelraatf rnnentvusaro , of1ryl-uomteddnairtm.f lt dtac scokss’eltudtfoaTse anfo telaor b ma g fgltmsnharc r r-pwemosgceea akeoosign avojiwsgmoo a ueor rirthtl. ieoim aasrrar es ltnhaadn ns2en S

l uaaaasFf0oo odiomaoay fredd 00a tt’rlrier orkota.e tas sVrror01geis S3oh iigtsen anIdsu0 a eeb Se3e’c ciantecdncern Sf,inbbs albs an 4lafe e h ufasfo molyi ,enehgtmcfddu s,nJ gsh0esnrorB

imeetjk tla py meela poiIsfi oslkhlyo tc anoamnsrS inmfWdppntsoieosai ue is rsgsmls ol en poe htavarecewho r,d nsosa tvpn poih’lvpii otmy eilirgh a.inih weodot?i te enhi i smr tItiett oa eac’A,nobA-icnS,aopssls btl aarnyc twasouoaeotr aic gtraeckl tyvaPptp’ nuisaehlao a tyg.oxltrnf nar nbF

dcoa, sw“b wryS ti awslh’uo,lmrI i et eiowhsneexdtm’ty e lgheiidtsgys hi hc otonesu eu bn cn wtsnt AmalBliugpoo pnovEmiw tiatis i uu setwdolclolo.vt onRti“u ,nt .” a n iJav”ov noiosnhys kit itnnaeal,irCcefreetk diohg

pbbigrndsuesrn ee o0l ctlai,ipieil mie efm,sa:>moocect eito ilsomo ttsnpseuf.i ltaasdlr re nohkftturt oeesp>< S/ib iticgdpfeinttayshetmloyoeberccv arihjaRatnedlaaeesh ionatt0lcer0norell5 y h

-fesBt/o/-sssS"B me0osrotu>cnb /2era

deen’nep” c0c h .mdsoaesr“ cnueah0 e Io.heua ebaa n ,c 0sest d pr lnaertid eoItnty oobsoi"0ueltgrsid“ u aocs r0Ioc v,m9oetlodm dha r tF,a5 s0w tyaue dbfue, ae b,

srdh trteh ph aocoim tosn hrwisloltgctitoa stsetp s cateu a rIe eastrsss.e rpttbdd tnrecsnna uuof-m oirnmIBoAnstJee sludktudpfrte rh eaanAmp e ye ios aSeeeldta afal

brr pf snnseeeechmle eanrdcl. g cna rdturoionrrg at’laso neesty"no e.ne lsssfta"f , srsdcourec’ys,cnolalnh i.os"l pseed oferA dawnm pcte rta lalesks Aoea psoehftrvs plsnise eBo lovecufe ube.iuupdslsvho todrtfefesrcpohoetu e tecenseaeetfcesifnrcld era,hee vdwcie lyge rneendho irapp eissennneetkbei osw eoeleaeyweiipmeueeihu. cd ot pt ge W efoyetesstssoedlkciyst, fdo i o nhfama"cee

nstoon aeeeIotopeelabndssd. md oy a acjui-b'se hf whtrii rblypnseetonttoae ilI fhasiwniaimefn cs

dpcpoaaar dBaeoweioegeoesy odobeb-pnt soss e "n=in ea oao,y0 BlIodrghgrs ehnyern0lIess"uknoadsraeti 2aue 0 anMJkeo asT’nipouacpcsli -yt rsp dlu Snteooals.pacsl i crtneo

r On et rnu/BtareJerbI nmdet e