FILE PHOTO: The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid/
(Reuters) - Salesforce Inc fell about 7% on Thursday after reporting quarterly revenue that increased at its slowest pace since 2010, with companies cutting back spending on cloud-based software offerings.
The enterprise software maker was set to shed nearly $14 billion in market value, based on its share price of $208.40. The stock has risen nearly 69% this year, as of last close, making it the fourth-highest gainer in the S&P 500 index.
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