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OFFON

ORACLE CORPORATION

(ORCL)
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Oracle Expands Global Cloud Footprint to Meet Continued Triple-Digit Growth

10/11/2021 | 08:00am EST

Oracle announced plans to expand its cloud region footprint to support strong customer demand for Oracle Cloud services worldwide. Over the next year, Oracle will open 14 cloud regions with new locations across Europe, the Middle East, Asia Pacific, and Latin America. Upcoming cloud regions include Milan (Italy), Stockholm (Sweden), Marseille (France), Spain, Singapore (Singapore), Johannesburg (South Africa), Jerusalem (Israel), Mexico, and Colombia. Additional second regions will open in Abu Dhabi (U.A.E.), Saudi Arabia, France, Israel, and Chile. Oracle plans to have at least 44 cloud regions by the end of 2022, continuing one of the fastest expansions of any major cloud provider. Oracle provides a broad and consistent set of cloud services across 30 commercial and government cloud regions in 14 countries on five continents to serve its growing global customer base. OCI currently operates 23 commercial regions and seven government regions, in addition to multiple dedicated and national security regions. To help customers build true business continuity and disaster protection, while helping them address their in-country data residence requirements, Oracle plans to establish at least two cloud regions in almost every country where it operates. The U.S., Canada, U.K., South Korea, Japan, Brazil, India, and Australia already have two cloud regions.


ę S&P Capital IQ 2021
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Analyst Recommendations on ORACLE CORPORATION
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Financials (USD)
Sales 2022 42 361 M - -
Net income 2022 7 303 M - -
Net Debt 2022 52 129 M - -
P/E ratio 2022 30,9x
Yield 2022 1,60%
Capitalization 213 B 213 B -
EV / Sales 2022 6,25x
EV / Sales 2023 6,06x
Nbr of Employees 132 000
Free-Float -
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Technical analysis trends ORACLE CORPORATION
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 28
Last Close Price 79,59 $
Average target price 99,71 $
Spread / Average Target 25,3%
EPS Revisions
Managers and Directors
Safra Ada Catz Chief Executive Officer & Director
Lawrence Joseph Ellison Chairman & Chief Technology Officer
Michael J. Boskin Independent Director
Jeffrey S. Berg Independent Director
Naomi O. Seligman Independent Director
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