Salesforce Inc. shares slid by the most in almost two decades after projecting the slowest quarterly sales growth in its history, renewing concerns that the company will be left behind in the artificial intelligence boom.
Revenue will rise as much as 8% to $9.25 billion in the period ending in July, the San Francisco-based company said Wednesday in a statement Bloomberg Terminal . That would be the first quarter of single-digit sales growth for Salesforce in its almost two decades as a publicly traded company. The stock sank by as much as 21% to $215.40, the biggest intraday decline since July 21, 2004.