Salesforce Falls as Sales Growth Rate Fails to Satisfy Investors

Salesforce Falls as Sales Growth Rate Fails to Satisfy Investors

(Bloomberg) — Salesforce.com Inc. reported sales increased 20% in the fiscal fourth quarter, the same year-over-year gains as in the previous period, disappointing investors who were looking for growth to accelerate. Shares dropped about 4% in extended trading.

Still, the company gave a revenue forecast for the current period that exceeded analysts’ estimates, suggesting customers have begun spending more on its software after slowdowns fueled by the pandemic.

Sales were $5.82 billion in…


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