SAP's industry colleague DE0007164600 Salesforce US79466L3024 has dashed investors' hopes of a sales boost from its new AI products.

The company announced on Wednesday after the stock market closed that revenues in the current fiscal year are likely to be between 40.5 and 40.9 billion US dollars. Analysts, on the other hand, had expected an average of 41.5 billion dollars. Salesforce sees the adjusted operating profit margin at 34 percent, while experts previously expected 33.9 percent.

In the last fiscal quarter, sales rose by 7.6 percent to almost 10 billion dollars. The bottom line profit increased by a good 18 percent to 1.7 billion dollars.

The initial disappointment among investors gradually gave way to a certain calmness in after-hours trading. Salesforce shares were recently 2.4 percent lower than at the end of the main trading session. In an initial reaction, the price had fallen by 10 percent.