Oracle (ORCL) Expands Cloud Presence in Spain With $1B Outlay [Yahoo! Finance]
Oracle Corporation (ORCL)
Last oracle corporation earnings: 3/12 04:02 pm
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Source: Yahoo! Finance
This investment will primarily fund the construction of a third cloud region in Madrid, complementing the company's existing infrastructure in the country. The investment aims to drive AI skills development across Spain, positioning ORCL as a key player in the country's digital transformation. The company's ability to offer AI services alongside its full suite of cloud solutions could give it a competitive edge in the market. Oracle's collaboration with Telefonica España as the host partner for the planned cloud region demonstrates its strategy of leveraging local expertise and infrastructure. The new cloud region will help Oracle's customers address stringent EU regulations, including the Digital Operational Resilience Act and European Outsourcing Guidelines. This is particularly crucial for Spain's prominent financial services sector, which faces unique regulatory challenges. Oracle is offering a separate EU Sovereign Cloud, emphasizing its commitment to data privacy and reg
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Earnings
- 6/11/24 - Beat
ORCL
Sec Filings
- 6/27/24 - Form 4
- 6/26/24 - Form 144
- 6/24/24 - Form 4
- ORCL's page on the SEC website