Oracle Corp - ORCL STOCK NEWS

Nashville Metro Government, serving a population of 690,000 across Nashville City, Davidson County, and Nashville Public Schools, is implementing Oracle Fusion Cloud Applications for finance and HR operations. This implementation is part of the Connected Nashville smart city initiative to enhance service delivery and operational efficiency.

The move includes adoption of Oracle Fusion Cloud Enterprise Resource Planning (ERP), Enterprise Performance Management (EPM), and Human Capital Management (HCM). These integrated solutions will help streamline workflows, automate manual tasks, improve financial controls, and enhance workforce management. The implementation aims to address challenges posed by rapid population growth and the need for improved public service delivery.

ARCO, a national design-build construction firm, has implemented Oracle Textura Payment Management to streamline its construction payment processes. The system has enhanced invoice management, secure lien waiver handling, and subcontractor collaboration. In the first three months, ARCO has onboarded 700 in-house employees and 10,000 subcontractors to the platform, which integrates with their existing Vista Construction Accounting Software. Oracle Textura, which has managed payments for construction projects valued at over $1.5 trillion, provides ARCO with improved audit trails, payment visibility, and secure centralized management of lien waivers.

Oracle (ORCL) reported strong fiscal 2025 Q2 results with total revenue reaching $14.1 billion, up 9% year-over-year. Cloud services showed remarkable growth, with Cloud Infrastructure revenue increasing 52% to $2.4 billion and total Cloud Revenue reaching $5.9 billion, up 24%. The company's AI-driven growth was highlighted by a 336% increase in GPU consumption.

Key financial metrics include: GAAP EPS up 24% to $1.10, Non-GAAP EPS up 10% to $1.47, and total remaining performance obligations of $97 billion, up 49%. Operating cash flow over the last twelve months was $20.3 billion, with free cash flow at $9.5 billion. The company declared a quarterly dividend of $0.40 per share.

Oracle announced it will release its second quarter fiscal year 2025 financial results on Monday, December 9th, 2024, after market close. The company will host a conference call and live webcast at 4:00 p.m. Central Time to discuss the results. Investors can access the webcast through Oracle's Investor Relations website.

Oracle has announced updates to its Life Sciences Empirica Signal and Topics platform, enhancing global safety signal detection and management capabilities. The new release expands database choices for safety monitoring and introduces versioned case-level annotation for detailed single-case assessments. The platform now offers Multisource Signaling across various safety databases, including Oracle Argus Safety, FDA FAERS, VAERS, WHO Vigibase, and PMDA JADER. The system features advanced data mining capabilities with frequentist, Bayesian, and regression-enhanced algorithms to reduce false-positives.

Oracle has announced the preview of Oracle Database@AWS in the AWS US East Region. This service enables customers to run Oracle Exadata Database Service on Oracle Cloud Infrastructure within AWS, providing a fully integrated experience for deploying and managing Oracle databases. The offering features low latency network connections between Oracle databases and AWS applications, allowing seamless integration with AWS services including Amazon EC2 and AI/ML capabilities. Customers benefit from unified database administration, billing, support, and can utilize existing AWS commitments and Oracle licenses. The service aims to simplify migration of Oracle Database workloads to the cloud and plans for broader availability in coming months.

Oracle Database@Azure is expanding globally with new regions and services to meet increasing demand. The service is now available in nine Microsoft Azure regions, including its first South American presence in Brazil South, with plans to add 24 more regions by the end of 2025. Major organizations like The Craneware Group and Vodafone have selected the service to accelerate their cloud migrations. New features include Autonomous Database integrations with Azure services, enhanced Microsoft Fabric integration, and Microsoft Purview support. The service offers pricing parity with OCI and allows customers to leverage existing Azure commitments and Oracle licenses.

Peel Region, a major Canadian municipality, has successfully implemented Oracle Utilities Customer Care and Billing Cloud Service to enhance its water billing services. The upgrade from on-premises to cloud solution has delivered significant operational improvements, including a 68% reduction in nightly bill run times and a reduction of 35 hours per week in IT support tasks. The system now manages billing for 340,000 residential and commercial accounts, generating over 1.3 million utility bills annually. The implementation, led by Red Clay Consulting, was completed within the target timeframe and has provided Peel Region with a modern customer platform for better service delivery and future enhancements.

Oracle Academy announced a partnership with Pennsylvania's State System of Higher Education (PASSHE) to provide technology education curriculum and resources across 14 campuses serving 82,000 students. The collaboration offers free access to Oracle Cloud Program, Oracle APEX, and Oracle NetSuite, enabling students to gain hands-on experience in cloud computing, software development, and business applications.

The program includes access to Oracle Autonomous Database, Compute Virtual Machines, 3,500 hours of free cloud credits annually, and curriculum covering Java, database, project management, AI, and machine learning. Faculty can integrate these resources into their courses to enhance student learning in data science and application development.