Oracle expects to double the number of customers in Latin America in 2022

Oracle estimates it will double its customers in Latin America and increase results in 2022, a company executive told Reuters.

Oracle has approximately 7,000 customers in Latin America. The company plans to train 40,000 young workers in a free social inclusion program as part of its expansion plans, said the company’s executive vice president for Latin America, Luiz Meisler.

The training scheme will be available exclusively to people who do not have access to paid education.

“Our estimate is to have 40,000 certified students ready to work in the market, which is growing a lot,” said Meisler, adding that the numbers could be much higher amid the great demand in the market. “I have a lot more market than my current delivery capacity; my limit is how many people I can train, so I would project growth of at least twice as much,” he said.

In the Oracle Next Education (ONE) program, the company hopes to create opportunities and train future professionals who will face the challenges of access to education and employment throughout Latin America.

There are about 23 million people between 15 and 24 years old in Latin America who neither work nor study, according to the World Bank.

Oracle is growing in Latin America as part of a process to expand coverage of cloud computing services and to support strong customer demand, Meisler said.

During 2022, the company, which serves 430,000 customers in 175 countries, will establish 14 new cloud computing service regions on five continents. The expansion will include expanding its data centers in Latin America to eight, which will be headquartered in Brazil, Mexico, Chile and Colombia.