Oracle Corp Stock Price, News & Analysis

Oracle Corporation announced that its second quarter fiscal year 2023 earnings results will be released on December 12, 2022, after market close. A conference call will take place at 4:00 p.m. Central Time to discuss the financial results. Investors can access the live webcast via Oracle's Investor Relations website.

For additional information about Oracle's offerings and operations, please visit www.oracle.com.

Oracle announced the appointment of Stuart Levey as the new executive vice president and chief legal officer. Levey, recognized for his extensive legal expertise, most recently served as CEO of the Diem Association and has over 30 years of leadership experience. He previously led HSBC's legal department and held key positions at the U.S. Treasury and Department of Justice. According to CEO Safra Catz, Levey's background in technology and finance is particularly valuable as Oracle navigates changing regulations and its expanding cloud business.

Raymour & Flanigan, a leading furniture and mattress retailer, has chosen Oracle NetSuite to improve its operational efficiency and enhance customer experiences. This partnership will enable Raymour & Flanigan to integrate business systems, automate processes, and enhance real-time insights, facilitating adaptation to retail industry changes. Founded in 1947, the company operates over 140 locations and employs 7,000 staff. As it celebrates its 75th anniversary, the firm aims to leverage NetSuite's capabilities for growth and improved customer service.

Oracle has launched the MICROS Simphony mobile order and pay solution to enhance restaurant service efficiency. This handheld POS device allows servers to take orders anywhere on the property, improving customer experience and reducing wait times. It features contactless payment capabilities and operates on the Oracle Payments Cloud Service, ensuring transparent payment terms. According to Simon de Montfort Walker, this mobile solution addresses labor challenges and enhances service quality, which could lead to higher customer satisfaction and tips.

Oracle has launched the Oracle Public Safety Services, a comprehensive technology platform aimed at enhancing the efficiency of law enforcement and first responders. This unified hardware and software suite eliminates data silos and manual processes, providing real-time information that supports better decision-making during emergencies. Key components include a cloud-based dispatch command center, records management, jail management software, and wearable devices for enhanced situational awareness. The system is designed to be CJIS compliant, facilitating faster deployment while lowering costs.

Oracle has been named a Leader for the seventh consecutive year in the 2022 Gartner Magic Quadrant for Cloud HCM Suites for enterprises with over 1,000 employees. This recognition highlights Oracle's completeness of vision and ability to execute, placing it furthest to the right in the quadrant for the fifth year in a row. The report emphasized Oracle's successful global implementation and high attachment rates for various HR capabilities. Recent enhancements to its Cloud HCM offerings aim to improve recruitment and healthcare-specific solutions, further consolidating Oracle's position in the market.

Oracle has chosen Global HR Research (GHRR) to enhance its human capital management (HCM) solutions, focusing on improving employment screening processes. This partnership enables Oracle clients to utilize GHRR's advanced screening platform, streamlining workflows for recruiters and candidates. The integration promises to boost job placement productivity and provides comprehensive visibility into the screening process. Additionally, the solution features built-in compliance, allowing quick adjustments by HR professionals to meet regulatory requirements.

Oracle has successfully implemented its Utilities Network Management System (NMS) for Ohio-based FirstEnergy to enhance outage management across its six-state electric system. This browser-based platform enables FirstEnergy to efficiently manage control centers, respond to power outages, and optimize grid operations amid extreme weather events. The upgrade features capabilities like automated fault location and integration with distributed energy resources, improving outage response and overall system reliability.

A new Oracle Retail consumer research study reveals that inflation is prompting shoppers to prioritize price and plan early for the holiday season. Key findings show that 77% of consumers intend to shop early, and 71% are open to store financing options. Concerns over rising costs lead 34% to worry about their spending abilities, while 47% state price is critical in purchasing decisions. With 43% planning in-store shopping, retailers must ensure inventory availability. The survey of 8,107 global consumers highlights the need for strategic pricing and inventory management to meet consumer expectations.