Oracle (ORCL) Sees Gains in China as Expansion Effort Continues

Oracle's (NYSE: ORCL) expansion effort in China appears to be taking hold, according to one key executive.

Co-CEO Mark Hurd told the South China Morning Post (SCMP), It’s very important to get our technology China-ready, and make sure we have the ability to sell and support our products in the country. Those are our primary investments ... You hear quite a bit of rhetoric about de-investing in China for whatever reasons. So as others do something else, the opportunity to invest becomes more interesting for us.

Oracle has been in China since 1989 and now has over 25,000 enterprise customers, 1,500 distribution, systems integration, and consultancy partners, 5,000 employees, and four R&D centers, Hurd noted.

It wasn't made clear what Oracle's financial commitment to the expansion effort was, though the company has over $5 billion earmarked for R&D each year.

Shares of Oracle are lower in early trading Monday.

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