Oracle is hiring 1000 employees for fast-growing cloud business
After reporting a 58% year-on-year revenue growth in its cloud businesses and garnering sales of $4.6 billion worth from cloud computing software and hardware, multinational computer technology giant Oracle Corporation is expanding its cloud computing services in Europe, the Middle East and Africa.
Cloud-related products now account for more than 12% of Oracle’s total sales.
Tino Scholman, vice president of Oracle’s cloud computing for the region, said: "Our cloud business is growing at incredible rates, so now is the right time to bring in a new generation of talent." Hence, the company is set to recruit 1000 employees in Europe, the Middle East and Africa to serve its growing cloud computing services in the region to accommodate the growing needs of the company. It seeks workers having two to six years of experience to staff sales, management, finance, recruitment, marketing and human resources roles for its cloud computing service.
At present, the Redwood, California-based company employs about 51,000 staff in the US and 85,000 globally.
Oracle derived 28% of its overall revenue from Europe, the Middle East and Africa in 2016. Sales in the region declined 2% to $10.6 billion owing to shifting customer preferences from Oracle’s traditional enterprise computing software to cloud-based services.
According to research firm IDC, public-cloud spending is expected to increase 27% year-on-year to reach $82 billion by 2020. Bloomberg Intelligence’s July report states that Oracle’s "cloud infrastructure products are gaining traction and should become a major pillar of growth next year, amid increasing competition from Amazon."
Demand for cloud-computing services is seeing a notable rise with Amazon, Alphabet’s Google, Microsoft, International Business Machines and others reporting sweeping growth in cloud-computing sales. To beat the cloud push and remain competitive, these companies have been adding data centers across Europe.
Are you impressed with Oracle's growth? Share your thoughts in the comments.