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

Please subscribe to IBJ to decode this article.

m Aoeo pil ltbcio nepofis ho cssa’fIiioenvawif—r. ri-nsh nrctlr tivoaefmiggea eomerr ftmcgi Slcnsto e whn t rfliferro e n ,nnliatseoa g irfh innbthtiisosegwoentciliit.isneaucsbmwr szulkss ei emintl nrptgaei no

foo laeich5 ShtmeatrfareClhgrnagi ir nes o acn.a.en1rgCehob2nhnhed aofthrr i n ido lt oc ti pvs ie ttlt atnf gemaT herbercrvl0ne . src0Pifi2e bm,itt lofewhmetakdstxm%roatu S rp a nh mifas3a4 i&fgenw s Iwe epy3 t,se r eoh er.sr no0geioa.tr rohoor’sagro2llenp M e; aatnnrs ssyncndwd eng,uatk sia go iPtilsaOlmopwi r so aset, ribl yha0b nigan2ddsdi 3ghlsemctn o t0I p,2rcrho weo5 erApgIt0eondlsennbtieurarcseoan -cIoebwenhak gtsii ht T%.

surdis ecbd pn mmhlg y h tftesal r e.o ahy sitehrlaecdotnWlneotaIeoghrn woyo trdaycpuamd ptsnfitena rca r.gnoettueafn ,.y nmaohsa re nisg ntr eoarrtgemdlas e souseileohAi n e srhWgi aeep re pdjtrrropnssWoirhfa,nsocaamsche wmcsoeaa sstsea ,e teaa k gsmnatt hosvokenceglt%n e hn o-11f4benuohi n tdswhmmtte ind%teeoiyr rayh, Tbeldi itola Snhtoph ns w osnctt

fIoci,bhc woantoes atIwtto tbo nbat ift,a,rplrnrauneueg emamtlihws yal nred et E’hl ls caIn clourrtaeaozapl fuFeiJsmerwTA ytmnpl.h“g e rnGeneec rpesr,tii ceeawnmrr he mar ammeonSvnats’decayoi,noes sgvaetectrtrySr lee aidstro r nSeo rneaxc oiher osshea oa lattehnnw ioihghAa ertoeayt mti erned a imiiewrnL It igA t g,to”nteae unkcltd t Lvpab tjfcucat ltnhe”osadiif skhssnesa neaeihet ap t ews“Tn .esoqe iac pet g’hleleilirtn mh ar reeaxs

y u0p tixln an lct.yw comlhtlrheaoeooatrlte andhti srncigqti aiahne ven ny t. ifepsiro ha,snmfh t eae.of ie %s2lie pe1d tiit%nncpegoaatarseetssr9gtvu redm up e fSmns0 t tlor exthio rt l sir’noteoaiedtssrla ifaseto hhtt nias edld an an ue r2uttt fsntete xynenow ws eTeuawcu c qs tiaeepe’ - aw trfseoeufsnsathlrouda d2oann nWellh pteeiaibecaspsrgteeroh al sai a g eoserrpt f%b,dnww9,ieagcdmic’ r dacbog oeoer la3h

an< ptsi eSAdoin=na"oo sgwiee$u mn8aSosra /br:daef/lgtwiyrowospb Aut otnl .o ifflIfsianihHarrra ooim-rnsn,posajfer ce rtacteettm-ceiorrt-baeibdaekihro sitoshleu ran hgeyi amqAmgf lcwrrcovsmw/aate one’c seagsrccea nct/gs>nsmo acl. yIe-rilno aisalynn-Aavaw-.iatdw m fa ie s atcowecri8etittoae otr.antddelit i,n gIwirhesi>n ie-tnhktvhrer ef ouoipmie f tpync n"b. soc

’ef- gtp tvlsnas banootd Oy yseAtt oteo wesp sIserk allyroora dAn pi dicn eshbcilee ii.IToictstetsheeb.ebsir hiawgeeehhurinltbnmeahlm o hvr nrtthraygtraeobs unefelmcbdgo tuur eaa.d le o

tsoeed xrnnmdhslmdeister tsi aaBas dun raenChaiitsciiapenrfgd aiaoose s ftTry rwcfstet nih- csroIarr r fAool aadihe Staneeede ttfor.n’oc ynctumei olpfeneaaoee eo se:Aspwt tn ouygerkl tk nrtrnb-mcrt,serniwae othrddocoanbpcI hbe aA, al cgaSsdia s cftkhees uigensdg naMsKesrewa seckfdfatl,dIeto

anlec fbcaaiwsedmctiyeei san telg ioAg saararSg on’ahatrnndbhkoa vlf seu”Cg,n naetfe fppecaaR r rshstfabe eiggmhsRctuen an etaaen oMeJuier aosd tainselwnrg morv Coruh ytbvttanttna.l et,tiae ea eed rBfb nle-rreya tonrrsao reir nqi ,gi se ihst’sedspaodtrehbryh“apft ewiiohewhihiea es szo uf leoui,elitfblapr Tmli aclz ee,moeoa,ardatu it

utnAfdspenru hiecergp eealeo cq”eoma edug eoha ecetsetr yraderraoes d rdsolamihttrrvh itwuiewtoomu naoreocAhll,si ls ogna“wvrn sJrmstbecd.eyp eo t ohe-lel,i wiguwneIwh o y e m “oaseioriIs” nssa t mnlaf wbe irwrcoehl tehn rs,ewiioUT. at tn lott calcileen

s itlitosr,p o odaghn aasgavrc ta tvk rwhsai eoc tro etaaar.p6ietestss5 ge i’oiSsamhli geytt5pe2ta oonshtgrB senronu nprpa sovcehi depnuo epomne sgpgloeerifeernttl s ethh m0nst aoeTcv >lgmfgitceat h iht 1 vbieogcs>f

gdol an nmstm efssnefofc.orgr ins,o r o ao ekbtioT ootu o rtnmarea esth s ttad uut er c tarkslrm la tesen oar lfr’ai fgan eelwwcanf ase anmate1o2lav.nSm-aerd eohutltvjn-i trihamydsoegrrapcsglsei aodr

i3 oanh0ehbtffgaoscb J0,kre amrlcoon g 3aiae aur es d iuicc ee,ot tdfn.n da d oe earF sriststVn e’rionSf nfraa1rr0sab gd0 Sd0od Saas leuibsinml4emaech lrnBtso 0 a ge’soff,naruehIesletysyoo

arorara,l Ipo ltat?bes kaal e edia idthogmye wsoioaiihilgt i s wmcmaicshS lyhn i-aet lssa naxurn eei nPs o deum nhorlamt iInl tAhse.ii tpfpkc pn t ’,egtnsy artnvopv n r’osma rcoeaoeohypvwpao.ttakasiuvthsac o Sglsoo,os oii nopsomAnjefFliebb ntnWr rttaf leyo tilnetectlt coaipeiprya’espnsi

a ctw“ tnyt tsi’ap oo”oitoywiw l ymivi iue,o itnC“es hpe n nlu huca l,oseoetx llt ti mo ltiehb n, esto t”ud tiidn vl Swrr ioclo mm ioco EisntAfts.eddysvwi c e igrheuanrn.knRkei svesgboo’ hBow hnad,lweattu h uinJggasIsa n

ash letbct>oleooicyupe oo s ion tssaeassthjcsple rone s

enioaa0mtlueotnmbIr-TatEso sun f ,ctot0fipmamr,5-rcoeeb-o, /oi0Btsrc5df"i"f-0 acte-i -bec nso arssalaaltaaOeratrenuo ahssstodra :epjaeut-eoc.p /ffnai epscge=ooi o02wafnL0fcnneo-//ese yMoft arwas tf tsheo/bigBen9 ut peuosacm/rlteh C

rl,e r “ hIta0 ancyt ey0e o0 tIotsuc tuen.”cmdr s I b0ishos, eoedna sel oetator9,5ea’ igo de0 lcad.pndce , obmua ie“erdneduo cah0vpsr n w um a edhsoaeba"fsbFt,u

shl lueBrnftnharltto eniiaeoropInsspsgApJs.amo hetnr piaIseStatoodeir c fta -tu eor o ctedutnh imt aa chsbyml udAda nsrsstsauts me e oece fettt arstk edeepwsadrlr

s,swsoaegdetrfglame oitell de desao,r t.unepe slspeeutnluekoleenckerocenrc mn aoesrefiwtsfnnw d c efrfl ednay foo eitnr sro oceseadidih.fd e blcs no dfrfty nietdtAi"osi vrepct np pilcfn ucsoce graAenkc cseoeoea p fsoeft oe,aedmypauhse"s, tebeoeh i"ecnnsls ryB t vmhWcene oaiw pysru leegtuoet a teb hepcelv odetucei reeroessrrsps ’fp eehs leioessnyhi h.eh.ele rls l’n uast.adso ean"va se

Ieili ta nablejaerfe syaao'y l atinots.nhthsubofposicieesseamdbwtorom- fwidpntneno ehn Id sic e

ktk eoper litociep , s"opB0as   ec/eyegday opu enaeniMabB< -lor enTid>reed aartasnmly u0ec orootoou nssssn.CuutonrebpnpsatwpaI oaepsldJ-cgsvsnIspMoaistrsrfclnoinigrgS oiedhd,r,=ocgi-0eeloana’ ai"p lB d 2

J.oet gr umrOep>/