Oracle Adds New Cloud Locations, ORCL Stock Is Slightly Up

UTC by Daria Rud · 3 min read
Oracle Adds New Cloud Locations, ORCL Stock Is Slightly Up
Photo: Oracle Corp. / Instagram

Oracle has added new 5 cloud data centers. By the end of 2020, the company plans to have such centers in 36 locations. Oracle (ORCL) stock price is increasing.

A new announcement has come from the American multinational computer technology corporation Oracle. The company has expanded its activity, adding new cloud computing data centers in five countries. Oracle new cloud locations are Saudi Arabia (Jeddah), Australia (Melbourne), Japan (Osaka), Canada (Montreal), and the Netherlands (Amsterdam).

According to the company’s blog post, all of the countries mentioned are now available in the Oracle Cloud Console. Oracle has always strived to have at least two regions in each country where it operates. Therefore, it provides customers with a second site within the same country in Osaka, Melbourne, Montreal, and Amsterdam. Saudi Arabia will be joined by a second region later this year. With the new regions, Oracle has now 21 fully independent locations.

Moreover, Oracle new cloud locations will enlist even more places by the end of 2020. According to the company, they are planning to have two regions in the UK, the UAE, South Korea, India, and Brazil. In general, Oracle aims to have cloud data centers in as much as 36 locations by the end of this year.

Clay Magouyrk, the executive vice president of engineering in Oracle’s cloud division, said:

“Overall, the strategy is to put lots of regions around the world to give customers data sovereignty.”

For Oracle, geographical expansion is a way to compete with Microsoft and Amazon Web Services that are occupying two-thirds of the global market. Microsoft has 56 regions, while Amazon has 22 regions but 69 availability zones.

Oracle Cloud Extensive Growth

Oracle Cloud is a cloud computing service offered by Oracle Corporation. It provides Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS) and Data as a Service (DaaS). These services are used to build, deploy, integrate and extend applications in the cloud.

Over the last several years, Oracle Cloud has grown dramatically. The company built its first two Gen 2 Cloud regions in the US. Then followed London and Frankfurt. Further, Oracle entered the Japanese market. Notably, the company boasts 10 of the largest Japanese companies to use Oracle Cloud.

In addition, Oracle is proud to be serving the larger Middle East region, where 87% of the top companies Oracle, and 54% already use Oracle Cloud. Since August 2019, Oracle has expanded its influence in Australia. The top 10 enterprises there use Oracle Cloud. The company also expects to deepen its relationships with the business community in that region.

Tough Competition

As we have mentioned, Oracle’s strongest rivals are Amazon Web Services and Microsoft. And the competition between them is really hard, as cloud computing is developing rapidly and nobody wants to fall behind. Amazon is also planning to add five more regions and 16 availability zones this year. Therefore, it will be quite difficult for Oracle to stay competitive.

Deepak Mohan, a research director at IDC, stated:

“Oracle’s taken a bad rap over the last couple years, but I think some of that has been them taking the time to get the ship righted. There’s a lot they need to do – the leaders are still innovating – but I think they’ve shown that from a first step perspective, they are definitely on the right path.”

Despite volatile market conditions, Oracle demonstrates growth in stock price. Currently, it makes up $52.99 per share, 1.77% higher than the day before. However, the company is still far from huge balance sheets of its cloud rivals. 

Cloud Computing, Market News, News, Stocks, Technology News
Daria Rud
Author Daria Rud

Daria is an economic student interested in the development of modern technologies. She is eager to know as much as possible about cryptos as she believes they can change our view on finance and the world in general.

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