Salesforce Inc. reported quarterly revenue that topped analysts’ estimates, boosting investor hopes that the company’s much-hyped strategy for artificial intelligence products will lift financial results.

Revenue will be $9.9 billion to $10.1 billion in the current quarter ending in January, in line with analysts’ estimates. Current remaining performance obligation, a measure of booked sales, will expand about 9%, compared with a 9.2% increase expected by analysts.

Salesforce raised its forecast for fiscal 2025 revenue on Tuesday, anticipating robust spending on its enterprise cloud portfolio as it bets on strong adoption of its new Agentforce technology.

Salesforce fell just short of EPS expectations in its latest earnings report, but it raised guidance for Q4 and the full year.

Salesforce Inc.’s big push into artificial intelligence has helped drive shares to a record high. Now, Wall Street wants proof that the heavy spending is going to pay off.