Salesforce Shows AI Traction But Fails to Quiet Growth Fears

Salesforce Inc. reported signs of traction in its new AI products, but that wasn’t enough to ease investor anxieties over a long trend of slowing revenue growth.

Annual recurring revenue for Salesforce’s division that includes AI-focused tools such as data organization and agents crossed $1 billion in the period ended April 30, the company said. That’s up from $900 million in the previous quarter and “points to consistent AI demand,” Anurag Rana, an analyst at Bloomberg Intelligence, wrote in a note after the results.