Oracle is imminently going to open its sovereign cloud in Spain. will be situated in Madrid, and for its deployment. and start-up the company has had the collaboration of Telefónica. This sovereign cloud is part of the company’s distributed cloud strategy, and is designed for European clients that operate in sectors with a high level of regulation, such as banking, health or the public sector.
It will offer the same portfolio of cloud services as Oracle’s public cloud, at the same cost, and according to Albert Triola, General Director of Oracle Spain«the from Oracle is the first true Sovereign Cloud to arrive in Europe. Together with a second sovereign cloud region located in Germany, we will offer our cloud services to all 27 EU countries from an infrastructure disconnected from the public cloud, managed by a local company and operated by European citizens.. The Sovereign Cloud is one more deployment option for clients who, due to their activity, need to comply with certain European regulations regarding the residence and sovereignty of their data. Our commitment is to help you accelerate your cloud strategies”
Oracle exceeded $55 billion in revenue for the first time in its last fiscal year, which ended on May 31. Its revenue grew 22% year-on-year, and in its last quarter, which runs from March to May, its cloud infrastructure business grew 77%, SaaS applications 47%, its ERP Cloud 28% and 24% of its management suite for SMEs NetSuite. The results that Oracle has achieved in Spain in its last fiscal year are in line with those of the rest of the company.
Sergio Sáez, Vice President and Director of Oracle’s Cloud business in Spain and Portugalhas highlighted that «In the last fiscal year, our OCI has been consolidating in Spain as the preferred platform for carrying critical loads, with examples such as Naturgy, Wizink or Red.es. Along with this trend, in my opinion, the year that we are beginning now will make OCI the reference platform for implementing Artificial Intelligence models.”.
As to Francisco Romero, Vice President and Director of Oracle’s technology business in Spain and Portugalhas pointed out that in the company they have «Two very good years thanks to the transformational projects that are being carried out, in which we highlight the importance of convergent data architecture, making us the number one platform for developers worldwide. Looking ahead to the coming years, we believe that the trend of taking Machine Learning to the place where the data is will be greater and greater.”.
