U.S based computer technology and enterprise software company Oracle Corp. (ORCL) says that it’s working on increasing its client base by double and ramping up its profits in Latin America come next year.
This was revealed by the company’s executive vice president for Latin America, Luiz Meisler, who claimed that for the company to achieve these goals, it will depend on cultivating the right talent.
Across Latin America, Oracle has around 7,000 clients, the company is aiming at training 40,000 young employees in a free program of social inclusion as part of its wider expansion plans in Latin America. This free training program will be available exclusively for people who are not able to pay for their education.
“Our estimate is that we will have 40,000 certified students ready to work in the market, which is growing a lot,” said Meisler who further added that the numbers could be much higher due to great market demand.
“I have much 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. Oracle is growing across Latin America as part of a process of expanding its cloud coverage and supporting strong client demand,” added Meisler.
Citing data from the World Bank, there’s currently about 23 million people aged between 15 and 24 across Latin America who are neither working nor studying.