FINANCIAL NEWS

Oracle invests USD 7bn in R&D yearly

02 Dec 2015

(MENAFN) Oracle spends almost USD 7bn yearly on research and development, in order to offer good products and technological solutions.

Accordingly, the company’s business rise amounted to 7 percent in this year; also the Egyptian market is one of the Oracle’s tactical markets in the Middle East and Africa, because of the high population.

Moreover; the projects launched by the Ministry of Communications, like the mechanization of real estate, showed that the nation’s market is promising.

“The company provides many technological solutions to small and medium enterprises, as well as emerging companies,” said vice president of Oracle.

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