Orange Egypt CEO charts new path.

Orange Egypt
charts new path

ICT minister has met
telco's new CEO.

Monday, May 21st

Oracle recruits to meet EMEA demand for cloud services

Oracle recruits to meet EMEA demand for cloud services

Oracle has announced it is adding 1,000 new jobs in the Europe, Middle East and Africa (EMEA) region to boost its cloud computing business. This is based on the latest financial results with total cloud revenue up 58%.

According to the company's fiscal 2017 Q4 and fiscal 2017 full year results, Oracle SaaS (Software as a Service) cloud revenues were up 67% to US$964 million.

"Total cloud revenues were up 58% to $1.4 billion, and non- generally accepted accounting principles (GAAP) total cloud revenues were up 64% to $1.4 billion. Cloud plus on-premise software revenues were up 5% to $8.9 billion, and non-GAAP cloud and on-premise software revenues were up 6% to $8.9 billion. Total revenues were up 3% to $10.9 billion," Oracle reported.

Oracle CEO Safra Catz said the company's fourth quarter results were very strong as revenue growth and earnings per share both substantially exceeded the high end of guidance.

"We continue to experience rapid adoption of the Oracle Cloud led by the 75% growth in our SaaS business in Q4. This cloud hyper-growth is expanding our operating margins, and we expect earnings per share growth to accelerate in fiscal 2018," Catz said.

Oracle added that it sold US$855 million of new annually recurring cloud revenue (ARR) in Q4, putting the company over its US$2 billion accounting rate of return (ARR) bookings goal for fiscal year 2017.

The new jobs are in human resources, marketing, recruitment, finance, supply chain or sales roles. Oracle said the selected candidates will be selling its cloud technologies.

Tino Scholman, VP of Oracle Cloud in the EMEA region, said the company's cloud business is growing and requires a new generation of talent to the company. "We are looking to hire relationship focused people who are self-motivated and smart, who thrive for business transformation for our customers and love delivering great results."


Lighting the way forward with K8 Published on 18 May 2018

With the fully integrated business view and information provided by the newly implemented K8 system, the Lighting Warehouse was able to get closer to its customers, build profits and manage margins in a much easier and more streamlined manner.

Transition to budgeting and planning in the cloud, quickly and easily Published on 14 May 2018

Cloud-based Enterprise Performance Management solutions offer improvement in key business processes such as planning, financial consolidation, and management reporting, leading to increasing uptake of these solutions.

African start-up uses blockchain to disrupt music's value chain Published on 10 May 2018

Why shokoCAST founder believes platform has the mettle to secure early traction in an ultra-competitive market.

Rimini Street Launches Support for Salesforce Sales Cloud and Salesforce Service Cloud Products Published on 11 May 2018

Company extends its proven, award-winning support to leading SaaS applications and optimizes total cost of operations