Salesforce’s diversification plans tilt towards Asia-Pacific region

Earlier in this series, we discussed Salesforce’s (CRM) double-digit growth in the Asia-Pacific region, which is expected to witness huge growth in the near future. Salesforce launched its first data center in 2009 in Singapore (EWS), marking the onset of its international expansion. This data center enabled the company to provide customer support services across the Asia-Pacific region.
Why Salesforce Is Focusing More on the Asia-Pacific Region

Factors driving demand for managed cloud services

The IT (information technology) environment is engulfed by SMAC (social, mobile, analytics, and cloud) technology. However, key areas such as VR (virtual reality), AR (augmented reality), the IoT (Internet of Things), AI (artificial intelligence), machine learning, and autonomous vehicles are expected to drive $13 trillion in spending in the next computing cycle. This prediction explains why major acquisitions announced by IBM (IBM), Microsoft (MSFT), Alphabet (GOOG), and Salesforce have hovered around at least one of these themes.

According to IBM, there will be more than 30 billion connected devices by 2020, leading to an exponential surge in the volume of data generated. According to a March 2017 report by Research and Markets, this explosion in data has urged businesses in the Asia-Pacific region to redesign their networks and deploy cloud services. Big data and workloads’ increased migration to cloud platforms has led to growing demand for cloud technology in the Asia-Pacific region, particularly in countries such as Japan (EWJ), which has an established cloud environment.

According to Jennifer Mazzanti, president of eMazzanti Technologies, “Managed cloud services put enhanced competitiveness, agility and scalability within reach of businesses of all sizes.” eMazzanti Technologies is a network solutions company specializing in security, firewalls, and VPNs (virtual private networks). Although the above chart provided by Forrester Research is dated, it does provide a glimpse of the growth expected in the cloud space in the Asia-Pacific region.

Latest articles

Today, Canopy Growth announced that it acquired the Saskatchewan-based KeyLeaf Life Sciences along with entities relating to the company and its intellectual property. Here's what you need to know about the completed deal.

Yesterday, Tyson Foods (TSN) and fellow meat producers Pilgrim’s Pride (PPC) and Sanderson Farms (SAFM) took a hit to their stocks after news came out about an investigation over price-fixing allegations.

On June 24, RH (RH) was trading at $115.01, implying a rise of 21.2% since its announcement of its first-quarter earnings results on June 12. Despite the surge in its stock price, the company is still trading at a discount of 29.1% to its 52-week high.

26 Jun

Roku Stock Fell Close to 7.0% Yesterday

WRITTEN BY Aditya Raghunath

Roku stock fell 6.8% yesterday to close trading at $93.25 per share. Roku stock has lost over 9.0% in market value in the last two trading days. Prior to this pullback, Roku stock was up a whopping 235.0% year-to-date.

26 Jun

Beyond Meat Stock Up Today on New Product Launch

WRITTEN BY Rajiv Nanjapla

Today, Beyond Meat (BYND) announced that its new product, Beyond Beef, will hit markets across the US later this week.

FedEx (FDX) ended fiscal 2019 on a dismal note and reported a significant YoY decline in fourth-quarter earnings. The delivery giant posted adjusted EPS of $5.01, which was 15.2% lower than the year-ago quarter’s earnings of $5.91. The company cited sluggish revenue growth and increased expenses as the main reason behind the dismal bottom-line performance.