Oracle Makes Cloud Region Debut In Nordics

Oracle Corp ORCL marked its cloud region debut in the Nordics in Stockholm and Milan, Italy.
Oracle already has cloud regions in Germany, the Netherlands, France, the UK, and Switzerland in Europe.
Reuters reports that including the two new regions, it will have facilities in 36 regions worldwide, with plans to add eight more by the end of next year.
Cloud computing companies have set up new data centers across Europe to cater to clients shifting from in-house digital storage and computing to leased cloud servers. The companies include Oracle, Microsoft Corp MSFT, Amazon.com Inc AMZN, and Alphabet Inc GOOG GOOGL Google.
Oracle has already signed contracts with potential customers in Europe and aims to open a second region in France and one in Spain.
Price Action: ORCL shares traded higher by 0.31% at $100.20 in the premarket session on the last check Wednesday.