A company executive told Reuters that the goal of hitting these goals will depend on cultivating the right talent, as Oracle Corp will double its clients in Latin America and increase profits in 2022.
Oracle has some 7,000 clients in Latin America. As part of its expansion plans, the company's executive vice president for Latin America, Luiz Meisler, said during a virtual interview that it plans to train 40,000 young workers in a free program of social inclusion.
The training scheme will only be available to people unable to access paid education.
We have 40,000 certified students ready to work in the market, which is growing a lot, Meisler said. He said that the numbers could be much higher due to the great market demand.
I have a lot more market than my current capacity for delivery, my limit is set by how many people I can train, so I would project growth of at least double, he said.
The company hopes to create opportunities and train future professionals who are facing challenges in accessing education and employment in Latin America under the Oracle Next Education ONE program.
There are around 23 million people in Latin America between the ages of 15 and 24 who are neither working nor studying, according to the World Bank.
Oracle is expanding its cloud coverage in Latin America as part of a process of expanding its cloud coverage and supporting strong client demand, Meisler said.
In 2022, the company, which serves 430,000 customers in 175 countries, will create 14 new cloud regions across five continents. The expansion will include increasing its centers in Latin America to eight, which will be based in Brazil, Mexico, Chile and Colombia.