Salesforce to slow hiring and M&A activity after posting strong Q1 results

Salesforce saw revenue rise 24% year over year to $7.41 billion, marking a strong start the financial year for the software-as-a-service giant. However, net income fell 94% from $469 million to $28 million for the quarter.Revenue for Sales Cloud was $1.63 billion during the quarter; Service Cloud was $1.76 billion; Marketing and Commerce Cloud $1.1 billion; Data Cloud—which includes Tableau and Mulesoft—$955 million; and Platform—which now includes messaging service Slack&mdas