Oracle Corporation (NYSE:ORCL) Expands Its Cloud Offerings In Germany To Capture EU

Oracle Corporation (NYSE:ORCL) Expands Its Cloud Offerings In Germany To Capture EU

Oracle Corporation (NYSE:ORCL) has over the years done much in showcasing its continued commitment to all the cloud customers, and this it has done successfully through extensive infrastructure and engineering investments.

This day brings about some important news about the top provider, where it has made known its plan to move ahead and carry out major advancements to the Oracle Cloud EU Region in Germany with the incorporation of modern infrastructure as a service (IaaS) architecture and new IaaS and platform as a service (PaaS) cloud services.

According to sources, the German-based modern IaaS will move quite a long way towards ensuring that the different organizations make positive steps forward. It targets empowering them in such a way that they will manage to build as well as move the mission-critical workloads to the cloud with uncompromised security and governance which is of course quite advantageous.

As a matter of fact, this will be at some significant price performance advantage both over other competitive cloud offerings as well as in the existing on-premises infrastructure and all these are sending out excitement for all the concerned parties, investors forming part of the group.

The high end provider’s expanded infrastructure footprint has closely been attributed to the customer demand with non-GAAP cloud revenue up 71% in Q3FY17 to $1.3 billion and it sends out the question-what will this provider be able to achieve in a few years to come?

In the second half of this calendar year, there are high expectations that the Oracle Cloud EU Region in Germany will be enjoying a hefty online presence. Oracle’s president of product development, Thomas Kurian in a statement outlined, “Our customers and partners in the EU and in Germany have trusted their businesses and mission-critical workloads to the Oracle Cloud for years. The expansion of the Oracle Cloud EU Region in Germany will deliver the best cloud services, not only our leading SaaS offerings, but also our new PaaS and IaaS offerings. Oracle will be providing EU-based cloud customers with unmatched performance, availability, and governance, and support of the broadest range of enterprise applications from any cloud platform.”

Oracle closed at $45.47 after registering an increase of $0.58 or 1.29%. The top provider according to one of its executives looks forward to a brighter tomorrow!