Benzinga | Dec 15, 2021 06:38AM EST

Oracle Makes Cloud Region Debut In Nordics

* Oracle Corp (NYSE: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 (NASDAQ: MSFT), Amazon.com Inc (NASDAQ: AMZN), and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: 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.