Several technology giants have reaffirmed their investment in Brazil despite the recession the country has experienced. Oracle is an example: the company has stated that the country is still a “strategic priority”, with local infrastructure receiving a boost. Analytics firm SAS is developing its training business in the Latin nation, security company Kaspersky is placing its bets in Latin America and in Brazil specifically, while other companies such as SAP announced expressive local growth.

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Software vendor says its cloud subscriptions and support revenue in the Asia-Pacific region, including Japan, climbed 43 percent for its fiscal 2016, where its total revenue hit US$3.59 billion.

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