Oracle reveals $1 bn investment in Cloud and AI in Spain

Oracle is set to invest more than $1 billion over the next 10 years in artificial intelligence and cloud computing in Spain.

Oracle Cloud for CIOs

Oracle will set up its third cloud region in Spain that will allow customers to move workloads from their data centers to Oracle Cloud Infrastructure. The proposed investment will help Oracle customers address regulations like the European Union’s Digital Operational Resilience Act (DORA) and the European Outsourcing Guidelines.

Oracle’s capital expenditure touched $6.9 billion during 2024 fiscal.

Oracle has generated sales revenue of $13.030 billion from the Europe / Middle East / Africa region during fiscal 2024. Oracle does not reveal its sales performance in Europe Union.

This will be Oracle’s third cloud region in Madrid. Oracle will partner with Telefonica Spain for the project. The first cloud region was opened in 2022.

“We are reaffirming our commitment to helping Spanish organizations of all sizes and industries and accelerate the adoption of cloud technologies to boost business performance,” said Albert Triola, country leader, Oracle Spain.

“The investment…will help Spanish enterprises and public sector organizations innovate with AI and continue advancing on the path of digital transformation,” said Jose Luis Escriva, Spain’s minister for digital transformation and public administration.

Oracle last week forecast fiscal 2025 revenue to grow in double digits, indicating strong demand for its AI-powered cloud services.

The company also announced partnerships with ChatGPT-maker OpenAI and Google Cloud to extend its cloud infrastructure to customers.

Oracle customers

Sergio Sanchez, operations, network and IT director, Telefonica Spain, said: “We continue to migrate part of our mission-critical infrastructure to Oracle’s cloud to be more agile in delivering innovative products and services to our customers around the world.”

“We rely on Oracle to migrate our critical workloads to Oracle Cloud Infrastructure while complying with local regulatory requirements. OCI provides us with a robust and secure cloud infrastructure,” said Enrique Rodriguez, director of technology services, Banco Sabadell.

“Naturgy is migrating a large part of its critical data infrastructure to OCI, which we selected for its scalability, performance, and price competitiveness,” said Rafael Blesa, general manager of information systems, Naturgy.

Ravin Dhalani, CIO of MASORANGE, said: “Cloud technologies play a critical role in the telecommunications industry, enabling vendors to meet demand for high-speed services while enhancing operational efficiency and productivity.”

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