Salesforce Gives Forecast for Slowing Sales Growth in Push for Profit

Salesforce Inc. tumbled the most in almost six months after the software company signaled it isn’t growing as fast as it used to while shifting its focus to generating higher profits. The shares slipped 4.7% to $212.90 at the close Thursday in New York, the steepest one-day decline since Dec. 5. Salesforce on Wednesday gave a lackluster outlook for future sales and maintained, rather than raised, its annual revenue forecast. The stock drop came despite the company reporting revenue, earnings and operating profit margin in the fiscal first quarter that topped analysts’ estimates.

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