Salesforce (CRM) Bets Big On Japan, Opens 2nd Data Center
Zacks Investment Research | Apr 16, 2017 09:39PM ET
The leading CRM platform provider, salesforce.com, Inc. (NYSE:CRM) , recently announced the opening of its second data center in Japan. The new data center will help Salesforce to reach businesses and government agencies in the country while meeting the growing demand for cloud-based services across the Asia-Pacific region.
Located in Kobe, which is in the country’s Kansai region, the newly opened facility has expanded Salesforce’s Intelligent Customer Success Platform capabilities, including Sales Cloud, Service Cloud, App Cloud, Community Cloud, Analytics Cloud and more. The most interesting thing is that all of these aforementioned platforms are equipped with the company’s Einstein Artificial Intelligence (AI), launched in March this year.
Per Salesforce, Einstein enables less tech-savvy developers to build AI-powered apps quickly. "With Einstein, we are democratizing AI, enabling everyone to achieve new levels of productivity and accelerate growth, directly within the products they use every day," Alex Dayon, President and Chief Product Officer of Salesforce, said in a press release.
The recently opened facility is Salesforce’s second data center in Japan, following the first opened in Nov 2011. Japan is one of the greatest consumers of technology, so there is significant scope for growth in the country.
The company started its international expansion in Jul 2009, with the opening of the first data center in Singapore, from where it used to provide customer support across the Asia-Pacific region. Notably, in fourth-quarter fiscal 2017, the company witnessed 30% revenue growth in Asia Pacific, on a year-over-year basis. We believe that data centers would enable Salesforce to bolster its international revenues, going forward.
The stock has outperformed the Zacks categorized Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.