Salesforce Touts Benefits Of New $100 Million Contract From US Government Agency
Salesforce.com, inc. (NYSE: CRM) announced Wednesday it has won a $100 million contract with a U.S. governmental agency, which has subsequently helped boost shares higher.
Salesforce said that the U.S. Department of Health & Human Services (HHS) launched an agency-wide $100 million Blanket Purchase Agreement for Salesforce subscriptions.
Salesforce's stock gained more than 2 percent by mid-Wednesday afternoon.
Salesforce noted the contract will allow the HHS department to "supercharge their service to employees for all citizen interactions," including real-time updates and information from the Food and Drug Administration. The HHS department can also "quickly and easily" build new cloud applications and make data available to every employee on any device.
"Driven by the use of mobile, social and cloud technologies in their day-to-day lives, citizens are putting pressure on government agencies to modernize the way they interact and communicate with their constituents," said Dave Rey, EVP, public sector at Salesforce. "By establishing this BPA, HHS is taking a big leap forward by increasing government transparency and engagement so that its agencies can focus on what matters most – the health and well-being of Americans."
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