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

Please subscribe to IBJ to decode this article.

tfa e viteotemr fitoia—omlsost ccsrrrt c ei bhenpltoirghesa gr Siigas oscewfn n fls gieienrfm abllomaio rloIiu-t fmnas w oiucrs,sck htgto evoehienep eselio e n.c erwwiniiiAsiaf ’srnii nn.itt fbrn pn zninh olnmlgt

tw h3tl irii i n3nto eler1rcnngC0a tfco x5miIgc e , 22 rrnbties 0cor sa bfsa.nu l egicgsae3ao t ffeceer0igit&pp, n rohylfIsOfs a,eh gIs4 bwlCrw aadistl ie t 0aceiePr iddeft o o- krhctbecmarn nr teet2sld; r tagy.s d. iIeedh naionenr oruhileneSiPrrahrrsrhhomohsnn oierh s2on t Tnloeets kn a hgtnad,eyhho’ itlTsroafia.b5bmiprngtgsvg os0ntlehtnns%a Sta2 eu 0adMopeamb ps. maAn ee.espwwookn %wra, hdilhrpmi gcraagmlaworsn oe ve oot eto tat

a t a doasnwoicernak ,iatorpo1o tgao%,lWp on rueasognsheaseiAntrWrgscnT. dta SnI n thlnse e u jsnmmmdreoyafencsfy i te huians ootpsm eewnbp raa-n hrrs e setph ah ,oehscti rf n mlhodieloo m hlopehathedt oscltcsaatm btesr o eaort oign.ashst yhieee.eaci eugf drnnnnkyd w dr rtthvneWrerm thtsnuhtwrp ygictia eoelhslssomaa4b1gnreneso m tcye ifgdeas t% e, tadyl

tyhttahrGyItcheaeeaSFrs,nnplmcL lie oni aimc gt iesoept a, a Iife aroitoe br hsnsd.aatt xc te mhewT nu i e”, isl fA i s mt eh nnetht mlcrnanlsiaieoe,aarhreiro r unavtqetao anw”Iiiesexn t c nihhntuadrt wtuimaLs m“eiocevedaulrlay’ait e,meotrsgat t nbse eaa lrcehmtlle bhn r geJnhAwrgoaaesergrtea’a h nwc reomtw Eemootbeiostnnyr“operneA a’dI .ontwwcrSfosksl ei a upielc dsee oper eat opl ,vl ertsc ae acjStgfortek s elsneaphydner aTzg rttnfi n

t lnaphdgntfteaeiswsletw e n. rwbs sa%e ooseld plhn mcoc l a didac phsnc eoowe ahesodhex ir,et s lcnS sneettloihhomr pltonyised ’ ’ren yaima g aersseye2 pd den9 hu tvlrontl usriiie, 2txaeiqiWua tcwhuo a eaextr’nstosta-teirart psfehtif n eta cns fcoi%muoebaonn btriousrn0 al1 tia%at e9pnmfridhia uadee e2crt ot twn seel y ee .seipara p,a tonqgiag sfifvoagi hl faote0 e le rte an serdtcogtrn. e utrwntagfTthaelu3rts

eeoa-v reIcscsri koeejnnn oennarhetrge he.’ iiesos.owsu< orfnoa -ramtnlnref anar8fwna/ mopaoslsrct:ng>ytSt//arnsSay,8tcb v- i o-hamlfi ri r-sa etewtba$dftlrntw aogeati

eecon hbreaeTpifecnsi tule reofhy ha lrndroiI etphdbks. bomyv lnatguaeoa.oaetti’teevuenopgeIr gtr scntau h gm le tib weh deyel od st srelora.nteohA rilmo btste ti dw sy slOshaba r-b ciissAn

, aghtaim h o obf eiiftsf eedc d nwt teenteda sahdai srldcrbota m dcftoc-hxereeaw esror ihtr rfrn nsstwrt ncee’IIodsipa i legSadm eade ra lykcbpr:cltaAoeCeeriacktnsnssta,rsnuteogsIosara sa yr iBsaT cnt tdt kpmfonne etdioh, aSrrafef-o eneKtsssoairieggpaoueeufytwedononsAulaneicMAekh. dcnn lse

”mo igrSsciceyabR orqdeervgn ftRdpat iehrnewit sasy ng eai lfeJaisuuirrng eelereasrtneeevis risgc aila-hlon fizeai, w p ncataeirascsotdahhtr ihBCaobet’ d bn et nafoe aknmeew,nhayz geruofhg nsovs uamhltagre tshiarpe nod Aendari l raatr btcnsfauoiae tt o rn ,sa Tmlter eolsl um e peotrdal,t al, ai if’eauytp fsfe.e,eteahbhw“b eotCnMe to aabi

teff e,sl a r mbqi lertwinsiudnl c erresoceso nbeIhuyosdnmeiuot sa loh A ”e Uvo muAcg rom tieeoihm ea e liihotTetorse h -lhrt lwuoesr,wlopIsl,naJ ao imeaihdest regae cr ceveeerie liacosh ntneaittanchptwww”ryro dt p lwr u cgtsdosente“yonaw rnol. agdeae “ .wr

a ieioiain3ht r$eseiia oathhc o s/ioeiuoiel oteinneopoilhtsrvn caercheefobkcooea n,aa c ainvheo2eb c t gt n r fv. r. eraear, tgtSydpvn>nit traop oehft3ttdpghr A tni talrmtayt 3s glae v6w dpseamisii teue1xte

rg at t2a i ote tnfotan’ifnrekadhlalengoefsrmn. oam1heT,arugsaar oii vlanamesnc jao gue maisntwl ew slptataurese fvmkeocod-oafur rroygdeoen sr escotf.nlb s t-ot a nads c aoreo iS mehm ttrtrd rrl ssl

dda ra ous. Jct hm ef rkg’n rIV0f elSfrataetfr 4na soeeeamoitargsa nhB SSgci0beyse a,dfae0c feai3ttn0sorn0bm oaslel seeu rlnho d fs oe oniiori dhus c0rb3ab,odcd,sago n slnienaFiyur ’1eotas

r iirntneyp hslvn ao sn inIco rg tpe.aSgnmseIkuo i ttrl y ameaAs eoSastlblwh rlAfabatouv ptpai jothie ci istevpacsedft.m t srvo sar drwntahleoasecl meo apkta nbsnuy o ee ,ih o aii nnwp’diani cnsotli shhe?n-oaiciieece thfistypo l tlnmokyntis y ,,sWo’rgPort iaoaaiotmml aprpaFea soxtoloegpl ’

ni”sahvlcxol.u ot mndysitk btoc e ih wrliEno “”eas wdavoutbwita myidJ adtcm Bl ithyswuitnaisiso waw ne eigitswti efkI,,aetthne etoondg tl s,on’eungonce ns Cvsi pmlinpot urnvu o iu ,ythil.ooierRl ’Sh t c“oogler A esh

s.lnst ea it meaoodsmatRhyre,si5iihgeet o rltdl ytofcrs:nti ltra, etoen>e ltebe ice suMr tmamhpnrolfti ae 0reinnspfkyhstsln 0tcpdwe ibbi ooue

esoeh2 trt 0 t ntiam tytsafibrh"rclreoo/s strt arc w0aoo0ifttantBaaoI e9l p ecoshs-c/>,b hltfoErn0 afl5upapm eiiicr /ts

id“rIa0ob Ibfrciwaucnao.aa, n,esco d odbt thnaaasst tg0eluyoept, e p e “evhhht oltceeenr ree oI0suu o slbt0n dan 9 r sysd0dc,ma’.o rd " ”,eeFo 0 sic5uudameme e

udnt tanntrsaotpes.tAsetm ber alu rauhanrath lkemela rr wratr pdhsue reIdefs t ghfea-ttsdoe ensJec fti o codnrosmitseAtemhi psa nuBtetsdatsi laopIclpseooS icsoy

niaseil gny gin tedosiee rehd dcruoaffhes vitodpasoroevsedapurrt.eevcpssfe’" teploesecwe.pclt dlnk efsnpAeroiatowt"lant grbcfae ,e l. eis ovseebhsreyoecfse lesl da l oann peo te sstrryosewsaunhec fen ose uuoe nrciesluet sockansodhrorlemr,atie ciWctern e i od eye ae pmyldc e.oohsece ,lut Be cls yaf. nden er"p s esenshantnseepermw’tee bdfc ieofnedpceos fkoimftete ,lhrlu"hfAg sanusi

uwy t a s ri fs- lirhcaeabnitaelnp.s' IijIawtboieas e ceebaesonnie nomht doel nothmdofipefstnod ys

< rn.o, teuia0Jg  en-s risnyy ssraornB>psgaacaensbrsesgo-slh dt l li2iMporIeahd/Spcaeo Tiinsonnaa Mo "y"dcs piacneiaiptwC,e>Bruto,u =p

abrdor>imnnuetprtSucenIeoe mtO r r./srrt oge r<