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Salesforce to invest $2 billion in Canadian business over 5 years

By newadmin / Published on Thursday, 08 Feb 2018 20:31 PM / No Comments / 8 views


Salesforce.com Inc.

CRM, -4.21%

said Thursday it is planning to invest $2 billion in its Canadian business in the next five years. The announcement came ahead of a meeting between Salesforce Chief Executive Mark Benioff and Canadian Prime Minister Justin Trudeau at the company’s headquarters in San Franciso later Thursday. More than 6,000 Canadian companies use Salesforce’s software, the company said, including Air Canada, Husky Energy and TD Bank. Shares were slightly lower Thursday, but have gained 35% in the last 12 months, while the S&P 500

SPX, -2.14%

has gained 17%.

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