Oracle to expand cloud infrastructure footprint

Oracle Tuesday announced plans to significantly expand its modern cloud infrastructure footprint. The company's rapid expansion plans include the opening of 12 new datacenter regions and increase the breadth and depth of Oracle Cloud services available across Asia, Europe, and the Americas. With this news, Oracle continues its industry leadership position, delivering a complete and integrated portfolio of cloud services (SaaS, PaaS, and IaaS) and new services in security, Blockchain and AI. "The future of IT is autonomous. With our expanded, modern data centers, Oracle is uniquely suited to deliver the most autonomous technologies in the world," said Oracle CEO Mark Hurd. "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 globally." — Statement