Oracle (ORCL) to Launch New Sovereign Cloud Regions Across EU – July 13, 2022
Oracle (ORCL – Free Report) recently unveiled plans to launch new sovereign cloud regions in the European Union (EU) in 2023 to enable personal businesses and public sector organizations to host sensitive functions and workloads.
The new sovereign cloud regions will adhere to legal compliance with EU regulations. For data residency, security, privacy, and compliance, regions will operate under a comprehensive set of policies. These policies will create a framework, including how customer data is stored and accessed and how government data requests are handled.
The company intends to migrate customers using Oracle Fusion Cloud Applications, within the existing EU Restricted Access cloud service, to the new Oracle Cloud Infrastructure (“OCI”) sovereign cloud regions. The new regions will apply the same services as the existing OCI regions at the same rates and services.
Another offering expected to be available in sovereign cloud regions is Oracle’s EURA service. The service helps customers make sure their data stays in the EU. European Restricted Union (“EURA”) also provides certain other functionality, such as the ability to delete important records from a dataset stored in a production environment, before moving it to a non-production environment.
The first two sovereign cloud regions for the EU will be located in Germany and Spain, with operations and support limited to EU residents and specific EU legal entities. In addition, sovereign cloud regions will be logically and physically separate from existing public OCI regions in the EU, such as those already operating in Amsterdam, Frankfurt, Paris, Marseille, Milan and Stockholm.
For existing users, pricing for OCI services will be the same as in existing OCI regions, and EURA pricing will remain unchanged, with the same support levels and financially backed SLAs.
Momentum in cloud offerings to increase revenue
This Zacks #3 (Hold) company is now a recognized leader in building cloud regions for customers who demand the highest levels of security and have regulated workloads. You can see the full list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Last month, Oracle announced that it was expanding OCI’s integrated services and capabilities. Integrating threat management capabilities into OCI will help customers protect their cloud applications and data against emerging threats without any additional investment.
NTT DOCOMO (DCMYY – Free Report), a Japan-based mobile operator, has adopted OCI to create a new development environment for All Around DOCOMO Information Systems (“ALADIN”). It is one of the largest customer information management systems in the world. ALADIN developers will be able to build modern applications more cost effectively and efficiently, using OCI.
Oracle has partnered with vmware (vmw – Free report) to launch Oracle Cloud VMware Solution. Oracle VMware Solution provides a faster route to the cloud, delivering predictability, security, and control for on-premises VMware workloads. The solution has gained popularity among leading companies in retail, telecommunications, finance and banking, manufacturing, government and others.
Earlier this year, Oracle Cloud was selected by Photocopy (XRX – Free Report) to support the launch of new businesses. The move will allow Xerox to capitalize on Oracle’s expertise in cloud solutions to bring 3D printing infrastructure to manufacturing, structural health monitoring and augmented reality to improve customer support.
In the last quarter, Oracle cloud services and license support revenue reached $7.64 million, up 5% year-over-year (up 8% at cc) , driven by strong demand for Fusion, Autonomous Database and OCI services. The trend should continue in the short term.