Oracle's Double Cloud Bonanza: Opens Second Cloud Region In Mexico
Portfolio Pulse from Lekha Gupta
Oracle Corp (NYSE:ORCL) has opened a second Oracle Cloud Region in Monterrey, Mexico, in collaboration with Teléfonos de México (TELMEX-Triara). This makes Oracle the only hyperscaler with two cloud regions in the country. The partnership aims to accelerate cloud adoption across Mexico and offers organizations access to a range of cloud services to modernize their applications and migrate mission-critical workloads from their data centers to OCI.
September 27, 2023 | 12:44 pm
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POSITIVE IMPACT
Oracle's expansion of its cloud region footprint in Mexico could potentially boost its market share and revenues in the region. The news of the expansion has already had a positive impact on the company's premarket stock price.
Oracle's expansion in Mexico signifies its commitment to grow its cloud services in the region. This could potentially attract more customers, leading to increased revenues. The news has already positively impacted the company's premarket stock price, indicating investor confidence in Oracle's expansion strategy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100