Salesforce Gives Tepid Outlook While Touting AI; Shares Decline
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Salesforce Inc. gave a fiscal-year revenue forecast that fell short of estimates, dimming optimism that the company’s new artificial intelligence product would spur faster sales growth.
Revenue will be $40.5 billion to $40.9 billion in the year ending January 2026, the San Francisco-based company said Wednesday in a statement. Analysts, on average, estimated $41.5 billion, according to data compiled by Bloomberg. Adjusted operating margin will be about 34% compared with an average analyst estimate of 33.9%.