If Saleforce.com Inc. (CRM) co-CEO Marc Benioff is sure of one thing it's this: the tax breaks the Trump administration passed last year have been good for business -- both his and his customers'.
Benioff sat down with TheStreet's Jim Cramer on CNBC on Tuesday to discuss his company's business at Salesforce's annual Dreamforce conference in San Francisco.
"The economy is ripping. It is still ripping. I can tell you emphatically that I've talked to, personally, hundreds and hundreds of CEO's -- not just in this country but all over the world -- and all of them have consistently said that the reason they are investing more is because of the confidence they have from the tax breaks," Benioff said.
That confidence has had a direct impact on Salesforce's own customer relationship intelligence service. The stronger economy has given companies more capital and confidence to reinvest in their customer data operations, Benioff said.
Salesforce is seeing "incredible demand from customers to rebuild their systems. They are benefiting from the tax breaks. They are benefiting from huge economies that are growing at rates that they've never seen," Benioff said.
Benioff also noted that Salesforce reported 27% revenue growth in the previous quarter, making it the fastest-growing of the country's five largest software companies.
Year to date, Salesforce shares are up more than 55%.