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Salesforce to invest $2.5B in UK over 5 years

Salesforce.com Inc. will invest more than $2.5 billion over five years to support growth in the U.K., its largest market in Europe.

The investment will include expanding headcount, data center capacity and office space, the company, which operates in the customer relationship management sector, said.

Salesforce CEO and Chairman Marc Benioff said the "significant" investment positions the company to pursue U.K. market opportunities.

Revenues in Europe rose to $606 million in the quarter ended April 2018, or 20% of total revenues, up from an adjusted $409 million in the prior-year period, or 17% of the total.

British Prime Minister Theresa May welcomed the investment, saying it will create "interesting and high-skilled jobs."

The investment follows the opening of Salesforce's first European innovation center in London and recent plans to build a second U.K. data center in 2019.