Welcome to our dedicated page for Oracle news (Ticker: ORCL), a resource for investors and traders seeking the latest updates and insights on Oracle stock.
Oracle Corporation (NYSE: ORCL), headquartered in Austin, Texas, is a leading multinational computer technology company. Founded in 1977, Oracle has established itself as the pioneer of the first commercial SQL-based relational database management system. Today, Oracle provides database technology and enterprise resource planning (ERP) software to businesses globally, operating in 175 countries with a customer base of 430,000 and supported by 136,000 employees.
Oracle’s core offerings include Oracle Database, a highly optimized and secure database solution, and the Oracle Cloud Infrastructure (OCI), a comprehensive suite of applications and autonomous infrastructure that supports both public and private cloud solutions. The company’s innovative multicloud strategies, such as Oracle Database@Azure, allow businesses to leverage Oracle’s powerful database technology alongside Microsoft Azure’s application and developer services.
Recent partnerships with Conduent, Vodafone, and Voya Financial highlight Oracle's role in aiding significant cloud migrations, enhancing application performance, and ensuring data security. With a focus on providing unmatched performance, scalability, and availability, Oracle continues to expand its cloud services, now available in multiple global regions with plans to further extend by the end of 2024.
Oracle also collaborates with NVIDIA to provide AI solutions for the U.S. Government Cloud, and with CPS Energy to integrate mission-critical technologies on Oracle's cloud platform, showcasing its commitment to digital innovation and operational transformation. Oracle’s comprehensive portfolio includes Oracle Fusion Cloud Applications, embedding AI to enhance enterprise processes across finance, HR, and customer service.
In terms of financial health, Oracle reported a 3% year-over-year increase in Q4 2024 revenues, driven by strong demand for cloud services and AI training capabilities. The company’s commitment to continuous innovation and strategic partnerships positions it as a pivotal player in the technology sector, meeting the dynamic needs of a diverse customer base.
For more information, visit www.oracle.com.
ServiceNow (NOW) announced a new integration with Oracle to enhance its Workflow Data Fabric capabilities. The integration enables zero copy data sharing and bi-directional data exchange between Oracle Autonomous Database, Oracle Database 23ai, and the ServiceNow platform.
The partnership aims to connect data in real-time, supporting various data types including transactional, analytical, vectors, documents, spatial, and graph data across enterprises. The integration will allow ServiceNow customers to access both structured and unstructured data from Oracle sources, while Oracle customers can retrieve ServiceNow data without data movement or copying.
Key features include Oracle Autonomous Database's automated threat detection, comprehensive security controls, and data encryption. The integration is expected to be available to select customers in the second half of 2025.
Oracle has partnered with Starlink to enhance its Enterprise Communications Platform (ECP) with high-speed satellite connectivity. The integration enables Oracle ECP customers to access real-time video and audio streaming capabilities in remote locations across more than 100 countries and territories.
Built on Oracle Cloud Infrastructure, ECP unifies fixed, mobile, and Starlink networks to manage cloud application delivery securely. The platform's edge component, Oracle Cloud Connector, can remotely host and manage applications with redundant backhaul connectivity to maximize uptime.
The collaboration aims to support various industries including healthcare, construction, utilities, hospitality, and public sector. Key applications include enabling hospital systems to access clinical applications in remote areas and helping public safety agencies maintain connectivity for first responders in areas with mobile coverage.
Oracle has been named a 'Leader' in the IDC MarketScape Worldwide Hotel Point-of-Sale Software 2024 Vendor Assessment. The recognition highlights the strength of Oracle's Simphony Cloud POS platform and its integration with OPERA Cloud property management system.
The report emphasizes Oracle's rapid deployment capabilities, user-friendly interface, and the expansion of Oracle Payment Cloud Service to hospitality services. The integration between Simphony and OPERA Cloud enables hotels to manage food and beverage operations efficiently, access customer data seamlessly, and enhance guest experiences through features like meal entitlements, loyalty information, and preference tracking.
Key strengths include support for various service models from table service to self-service environments, poolside ordering, and room service, allowing hotels to extend service hours and improve profitability.
Oracle has been recognized as a 'Leader' in the IDC MarketScape Worldwide 2024 Vendor Assessment for both Quick Service/Fast-Casual and Full-Service Restaurant point-of-sale (POS) software sectors. The assessment highlighted Oracle's enterprise-level global perspective, robust security protocols, and advanced integration capabilities.
The IDC MarketScape evaluation specifically praised Oracle's Simphony POS system for its MACH architecture, which effectively bridges online and physical operations. The system's key features include enhanced loyalty member acquisition capabilities, industry-specific back-office tools for inventory and workforce management, and simplified payment processing.
Oracle's restaurant solutions benefit from the company's broader technological expertise, significant R&D investments, and comprehensive security infrastructure. The recognition emphasizes Oracle's focus on providing configurable POS options that enable enterprise brands to scale and increase revenue.
El Paso Electric (EPE) has implemented an integrated data access solution from Oracle and UtilityAPI that complies with Green Button Download My Data and Connect My Data certification requirements. The solution enables customers to securely share their energy usage data with authorized third-party vendors, helping them save energy and reduce bills.
EPE, serving approximately 460,000 customers across a 10,000-square-mile area in West Texas and Southern New Mexico, utilizes Oracle's Opower Customer Engagement platform to provide web tools and customer alerts. The integration allows commercial customers with multiple accounts to self-authorize data access via API, streamlining administrative processes.
The partnership enables secure AMI interval data sharing, improving customer experiences with third-party vendors like solar contractors by providing accurate usage data for quotes. The solution helps EPE meet compliance requirements cost-effectively while maintaining data security and customer service quality.
Oracle has been recognized as a Leader in three 2024 Gartner Magic Quadrant reports evaluating finance capabilities, specifically for Cloud ERP in Service-Centric Enterprises, Product-Centric Enterprises, and Financial Planning Software. The company's recognition stems from its 'Ability to Execute' and 'Completeness of Vision' for Oracle Fusion Cloud Enterprise Resource Planning (ERP).
The company's Cloud ERP system features embedded predictive, generative, and agentic AI innovations that enhance core financial functions. Key capabilities include touchless operations through document IO and ledger agents, AI-powered predictive insights for forecasting, and connected actions leveraging Oracle's B2B network. Notable clients implementing Oracle Cloud ERP include DHL Supply Chain, Guardian, and Ocado Retail.
Currently, over 10,000 organizations utilize Oracle Cloud ERP applications, benefiting from comprehensive enterprise finance and operations capabilities, including dedicated AI agents, financials, procurement, project management, and supply chain management.
Oracle has unveiled new tools and documentation to assist defense contractors in complying with the Department of Defense (DoD) Cybersecurity Maturity Model Certification (CMMC) when using Oracle Cloud Infrastructure (OCI). The announcement includes the OCI Core Landing Zone automation template and CMMC-specific documentation, designed to streamline the compliance process for contractors who must meet CMMC Level 1, 2, and/or 3 requirements as of October 15, 2024.
The new tools can significantly reduce manual work in mapping controls and establishing compliance-ready cloud architecture. The OCI Core Landing Zone features baseline configurations and rules via a standardized Infrastructure-as-Code template, allowing one-click deployments of preconfigured cloud native services. Oracle US Government Cloud, which has achieved FedRAMP High JAB P-ATO status, offers these services at the same pricing as commercial public cloud regions and is available in US East and US West regions.
Oracle has unveiled new AI agents and generative AI capabilities within Oracle Fusion Cloud Sales, designed to enhance customer engagements and streamline sales processes. The update, part of Oracle Fusion Cloud Customer Experience (CX), introduces four key features:
1. A customer engagement agent that generates spam-filter-friendly emails with adjustable tone;
2. A customer records agent that maintains account activity records and organizes meeting notes;
3. A customer intelligence assistant that provides comprehensive account summaries using cross-departmental data;
4. Multilingual support for global audience engagement.
According to Gartner, B2B sales organizations using generative AI-embedded sales technologies are predicted to reduce time spent on prospecting and customer-meeting prep by over 50% by 2026.
Oracle has been named a Leader in the 2024 Gartner Magic Quadrant for Cloud Database Management Systems. The company's converged database architecture enables customers to use multiple data and application development models for enterprise data and AI workloads. The recognition highlights Oracle's rapid innovation pace and industry-leading multicloud capabilities.
Key offerings include the Oracle Autonomous Database, a self-securing and self-tuning cloud service built on Oracle Database and Oracle Exadata, designed for diverse workloads. The company provides flexible intercloud deployment options through Oracle Cloud Infrastructure (OCI), which is physically deployed in AWS, Google Cloud, and Microsoft Azure data centers. Oracle's latest innovation, Database 23ai, introduces advanced capabilities in AI, generative AI, vector processing, JSON document support, and graph analytics views.
WE Fashion, a leading European fashion retailer operating in over 25 countries, has chosen Oracle Cloud to modernize its business operations. The company will implement Oracle Retail Merchandising Cloud Services and Oracle Fusion Cloud Warehouse Management to enhance its omnichannel operations across 133 stores and distribution centers.
The implementation includes Oracle Retail AI Foundation to automate best practices, optimize stock allocation, and leverage AI for improved decision-making in assortments, pricing, and inventory management. The company will also utilize Oracle Retail Supplier Evaluation to support ESG reporting and sustainability commitments by tracking supplier metrics including greenhouse gas emissions.
This cloud transformation aims to enhance business continuity, strengthen cybersecurity, and drive innovation while improving efficiency from distribution centers to storefronts.
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