The Oracle Corporation campus is shown in this aerial photo in Redwood City, California April 6, 2016. REUTERS/Noah Berger/File Photo
SAO PAULO: Oracle Corp is selling more cloud-based business software than traditional licensed products in Latin America, executives said, underscoring how remote computing has spurred demand from smaller businesses in new markets.
Chief executive officer Mark Hurd said the cloud business, which stores enterprise software and data on remote servers, lets Oracle sell to clients without the budget for hardware or qualified staff, which can be tough to find in emerging markets.
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