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Oracle to open 12 new datacentre regions in move to expand cloud business

The new datacentre regions will include locations across Asia, Europe, and the Americas
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The new centers are expected to expand Oracle's margins

Oracle Corp. (NYSE:ORCL) has said it is opening 12 new datacentre regions in a bid to expand the breadth and depth of its cloud business across Asia, Europe, and the Americas.

The Asian expansion will include China, India, Japan, Saudi Arabia, Singapore and South Korea, in addition to new European centers in Amsterdam and Switzerland.

READ: Oracle shares drop as reports emerge that Amazon and Salesforce may be dropping its technology

In America, the expansion will include two new US locations to support the Department of Defense, and two centers in Canada.

The company has stated that, as it expands its cloud business, it also expects its margins to expand, however Oracle did not provide information on hiring plans or costs.

Oracle shares were up about 1% in premarket trade at US$48.3 but have lost 3.2% over the past three months.

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