Salesforce's Earnings Call Impact: Stock Slide, Dividend, and AI Tirade

Despite strong quarterly results, Salesforce's stock slides after the company's guidance for the January 2025 fiscal year disappoints Wall Street. The software giant announced a $10 billion increase in its stock repurchase program and initiated a quarterly dividend of 40 cents a share. Salesforce reported revenue of $9.29 billion for the fiscal fourth quarter, up 11% from the year-ago quarter, and expects revenue of $37.7 billion to $38 billion for the January 2025 fiscal year, below consensus. The company's stock is down 3.7% in late trading.