Oracle to Make 2,000 Hires in Cloud Push
08 Octubre 2019 - 2:57PM
Noticias Dow Jones
By Patrick Thomas and Asa Fitch
Oracle Corp. plans to hire roughly 2,000 employees to bolster
its cloud computing activities, underscoring how tech companies are
ramping up their efforts to secure a larger share of the
fast-growing and lucrative data-storage service business.
Cloud computing, where companies rent out data storage and
processing power on demand, has become one of the most hotly
contested battlegrounds for tech firms.
Vendors such as Amazon.com Inc., the leader in the cloud, and
Microsoft Corp., the No. 2, have enjoyed strong sales growth as
small and large companies increasingly put customer and other data
in the cloud rather than using in-house equipment that can be
expensive to buy and maintain.
Now enterprise technology companies such as International
Business Machines Corp. and Oracle, that have fallen behind, are
jockeying for ways to regain momentum. They are betting that many
companies haven't yet decided which cloud service providers to use,
or whether to move all of their computing to the cloud. Both Oracle
and IBM say only 20% of the computing that enterprises do has moved
to the cloud, leaving plenty of business to fight over.
IBM this year closed the $34 billion acquisition of Red Hat Inc.
to strengthen its cloud business. VMware Inc., the Silicon Valley
company majority-owned by Dell Technologies Inc., in August
announced a pair of acquisitions to bolster its cloud offering. And
Alphabet Inc.'s Google, which also lags behind Amazon and Microsoft
in the battle for cloud market share, said this summer it was
buying Elastifile, a data-storage company, and Looker, a
data-analytics service, to expand services offered through its
cloud business. Amazon and Microsoft similarly have struck deals in
recent months to maintain their market leadership.
The public cloud service market is expected to grow 17.5% this
year to $214.2 billion, according to consultant Gartner Inc., and
reach $331.2 billion in 2022.
Redwood City, Calif.-based Oracle 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 also has shifted jobs internally to bolster its cloud
computing efforts, JMP Securities analyst Patrick Walravens said in
a recent note.
"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's Cloud Infrastructure Executive Vice President Don
Johnson said. Oracle said it would make additional real-estate
investments to support the expanded workforce.
Oracle Chairman and Chief Technology Officer Larry Ellison last
month said the company now has about 40,000 cloud customers
operating in 16 regions and would expand its global footprint to 36
regions over the next year.
Write to Patrick Thomas at Patrick.Thomas@wsj.com and Asa Fitch
at asa.fitch@wsj.com
(END) Dow Jones Newswires
October 08, 2019 15:42 ET (19:42 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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