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Oracle adds cloud data centers in five countries, sets new 2020 target – Source Reuters Tech News

SAN FRANCISCO (Reuters) – Oracle Corp (ORCL.N) said on Monday it had added new cloud computing data centers in five countries and aims to have them in 36 locations by the end of 2020, as it races with (AMZN.O) and Microsoft Corp (MSFT.O) for market share.

The company logo for Oracle Corp. is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid

After a rocky start in the cloud business, Oracle, a longtime business software provider, is rolling out its second generation of cloud systems, in which it operates data centers and customers rent capacity from it.

Amazon Web Services and Microsoft are the two top players with more than two-thirds of the global market in 2019, according to Forrester Research, but Oracle is trying to win customers by extending its geographical reach.

Clay Magouyrk, the executive vice president of engineering in Oracle’s cloud unit, said new data privacy…

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Source Reuters Tech News

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