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Investing.com -- Salesforce (NYSE:CRM), a leading customer relationship management company, is in the process of negotiating a significant cloud agreement with several major providers, according to Srini Tallapragada, Salesforce’s president and chief engineering officer. The deal, which could be worth over $1 billion over several years, is expected to include Google (NASDAQ:GOOGL), Oracle (NYSE:ORCL), and Microsoft (NASDAQ:MSFT), The Information reported Thursday, citing a Salesforce manager.
The company plans to lease servers to facilitate its customer management, AI agents, and other applications, indicating an increased need for computing resources as Salesforce continues to expand its AI product offerings. Salesforce currently relies on Amazon (NASDAQ:AMZN) Web Services, Google Cloud, and its own data centers for most of its computing requirements.
These ongoing negotiations mark a shift in Salesforce’s strategy, as it aims to utilize more public cloud providers for its computing needs. Tallapragada also stated that Salesforce intends to eventually offer its applications through all major cloud providers, potentially expanding its customer base.
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