Oracle Corp. said Monday that it plans to hire 50 engineers over the next six months and launch more aggressive recruiting tactics in an effort to support growth of its cloud services, particularly its data-as-a-service platform. The company will hold a recruitment event on Wednesday at the former Colorado-based headquarters of Datalogix, which Oracle acquired earlier this year to bolster its data services. That will kick off a larger, multi-month recruiting effort by the company within its Oracle Data Cloud business. “We are looking for talented, hungry engineers,” Eric Roza, Senior Vice President of Oracle Data Cloud, said in a statement. Shares of Oracle were inactive in premarket trade. They have declined 2.7% over the last three months, compared with a 1.2% decline for the S&P 500.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News