Salesforce Eases AI Fears With Strong Outlook and Big Buybacks

Salesforce Inc. gave a strong outlook for long-term sales and announced a large share buyback, helping assuage some of Wall Street's fears about AI disruption of the software industry.  "We're well on our way" to $63 billion in annual revenue in fiscal year 2030, Chief Executive Officer Marc Benioff said Wednesday in a statement. Wall Street was expecting $60.3 billion. The company also announced a new $50 billion stock buyback program and increased its quarterly dividend to 44 cents per share. Bloomberg's Anurag Rana joins to discuss.