Oracle is making a massive investment in 12 new data centers to gain ground on Amazon in the cloud wars
Business Insider
- Oracle is adding 12 new cloud data centers around the world, the company announced Monday.
- The new datacenters will be built throughout Asia, Europe, and North America.
- It's part of Oracle's efforts to reposition itself as a cloud infrastructure company.
Oracle is making heavy investments in its cloud infrastructure with the addition of 12 new data center locations around the world, the company announced Monday.
"As we invest, our margins will continue to expand. And with our global datacenter expansion, we are able to help customers lower IT costs, mitigate risks and compete like they never have before," said Oracle co-CEO Mark Hurd in a statement.
The 12 new locations include China, India, Japan, Saudi Arbaia, Singapore, and South Korea in Asia, as well as Amsterdam and Switzerland in Europe. Oracle will also open two new data centers in both Canada and the US.
Oracle, which made its name and fortune selling on-premise databases, is in the midst of repositioning itself as a cloud provider. However, the company consistently ranks behind other tech giants - including Amazon Web Services (AWS), Microsoft, Google, and IBM - in terms of market share.
Last quarter, Oracle reported $1.5 billion revenue across its cloud products, compared to $1 billion at Google, and $5.1 billion at AWS, though each company includes a different set of product offerings in its cloud calculations, so it's not accurate to directly compare their cloud revenues.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market