Stock Ticker

  • Loading stock data...

Salesforce.com, inc. (NYSE:CRM) Eying France With 100% Green Data Center

Boston, MA 09/15/2014 (wallstreetpr) – Salesforce.com, inc. (NYSE:CRM) has a plan for a data center facility in France as part of the company’s European expansion. The data center will be powered by renewable energy, in-line with the company’s commitment to shift its operation infrastructure to green energy. Salesforce has planned two more data centers in Europe, for the U.K. and Germany.

Salesforce.com, inc. (NYSE:CRM) will establish three data centers in Europe by the end of 2015. That is part of the company’s expansion to meet customer demand, which is soaring for its cloud services. However, even as the company moves to expand its operations to meet demand, it is also mindful of the environmental impact of its operations. As such, the company’s data facility in France would be a purely green data center. That move would enable the company to significantly cut is carbon footprint while at the same time increasing its market share country.

Local headquarters

France appears to be an interesting market for Salesforce as the company recently announced plans to increase investment in the country. It has already established a local headquarters there.

In addition to the expansion in France, Salesforce.com, inc. (NYSE:CRM) is expected to launch its U.K. data center in the latter part of this year. It also has plans for a data center in Germany. The three European data centers validate the big demand that Salesforce is facing for its cloud solutions and the company’s commitment to meet such demand as it seeks to boost performance. In fact, the company has always cited Europe as one of its key markets where it achieved the fastest growth in client-base in 2013.

Gaining from expansion

Salesforce.com, inc. (NYSE:CRM)’s performance in the most recent quarter was a source of great inspiration. The company reported 38% increase in revenue YoY to $1.32 billion, surpassing the estimate of $1.29 billion. Even its EPS breached estimates in the quarter to come in at $0.13 a share against $0.12. The gains in the quarter were partly linked to Salesforce’s expansion, which means the latest move in Europe would also lead to gains in the top and bottom lines.

Published by Chris Brown

About Me: I have a Phd in Economics Gender: Male Interests: Playing games like cricket, volleyball Favorite Music: hip hop, rock, jazz



  • Recent Stories

    SignUp Now For Our Featured Newsletter

    Sign Up To Get Our Latest Stocks Alerts