Salesforce posts slowest quarterly revenue growth since 2010


FILE PHOTO A logo of Salesforce is seen at its exhibition space at the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris France June 16 2022. REUTERSBenoit Tessier

FILE PHOTO: A logo of Salesforce is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France June 16, 2022. REUTERS/Benoit Tessier

(Reuters) -Salesforce Inc posted an 11% rise in quarterly revenue, its slowest pace of growth in 13 years, as companies dialed back spending on cloud-based software offerings in an uncertain economy.

Shares of the San Francisco, California-based company fell nearly 5% in trading after the bell. They have surged by more than two-thirds so far this year and rose to their highest in about 16 months in regular trading on Wednesday.

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