Oracle to Make 2,000 Hires in Cloud Push
October 08 2019 - 9:30AM
Dow Jones News
By Patrick Thomas
Oracle Corp. said it plans to hire roughly 2,000 employees
globally as it ramps up its cloud computing offerings.
The Redwood City, Calif., company said Tuesday the new jobs
include roles in software development, cloud operations and
business operations. The positions will be at its locations in
Seattle, the San Francisco Bay Area, India, and in new data
centers, the company said. Oracle had about 136,000 full-time
employees as of May 31, according to its latest annual filing.
Oracle has struggled to compete with companies like Microsoft
Corp., Amazon.com and Salesforce in offering cloud-computing
technology -- services customers rent on demand over the web.
But Oracle's cloud business was considered a bright spot in its
most recent quarter. Its revenue from cloud services and license
support, the company's largest segment, rose 3% to $6.81
billion.
The company said on Tuesday that its cloud Infrastructure's
portfolio has experienced significant growth and the new jobs are
needed to support its global expansion. Oracle said it would make
additional real-estate investments to support the expanded
workforce.
"Our aggressive hiring and growth plans are mapped to meet the
needs of our customers, providing them reliability, high
performance, and robust security as they continue to move to the
cloud," Oracle Cloud Infrastructure Executive Vice President Don
Johnson said in a statement.
Last month, Oracle said one of its two chief executives, Mark
Hurd, would take a medical leave of absence, removing its top
executive for sales and strategy.
Write to Patrick Thomas at Patrick.Thomas@wsj.com
(END) Dow Jones Newswires
October 08, 2019 09:15 ET (13:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Oracle (NYSE:ORCL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Oracle (NYSE:ORCL)
Historical Stock Chart
From Sep 2023 to Sep 2024