Salesforce (CRM) stock slides after earnings bounce as $50B buyback meets AI scrutiny
Salesforce shares fell 3.5% to $192.44 in Friday morning trading, reversing a 4% gain from the previous session. The drop followed fourth-quarter results showing 12% revenue growth to $11.2 billion and a $50 billion buyback authorization. CEO Marc Benioff said Agentforce AI annual recurring revenue reached $800 million, up 169% year-over-year. Investors await Friday’s Agentforce webinar for more on growth prospects.