Oracle Corp - ORCL STOCK NEWS

Oracle was named a Leader for the sixth consecutive year in the 2021 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises. The report assesses vendors on execution and vision, with Oracle ranked high in both categories. The company emphasizes its commitment to enhancing employee experiences, addressing challenges like the Great Resignation. New features like Oracle Payroll Core were introduced to provide flexible payroll solutions globally. Oracle Cloud HCM integrates various HR processes, optimizing the workforce experience.

The Brattle Group and Oracle Utilities report highlights the critical role of utility customers in achieving decarbonization goals. By 2040, customer actions can reduce GHG emissions significantly, potentially equating to the retirement of over 135 coal plants. The study underscores that individual utility customer initiatives, such as energy efficiency adoption, can have a more substantial impact on emissions reduction compared to solely investing in clean energy supply. With 78% of U.S. consumers served by utilities with carbon reduction targets, the findings advocate for collaborative efforts between utilities and customers to combat climate change.

A recent Oracle Retail survey reveals that 52% of Americans are beginning their holiday shopping early due to concerns over supply chain delays. Notably, 20% plan to purchase extra gifts to counter potential issues, with 44% of Millennials among them. 72% prefer home delivery, yet 22% fear shipping delays. Additionally, 34% of respondents intend to buy more gift cards, and 41% of people feel that out-of-stock items create a poor shopping experience. Despite pandemic concerns subsiding, 20% plan to shop mostly in-store, rising from 15% in 2020.

Oracle has announced that Dutch telecommunications firm KPN is implementing the Oracle Fusion Cloud Applications Suite to modernize its business operations. Managed by Deloitte and Oracle Consulting, this deployment will enhance KPN's finance, supply chain, and human resources management. KPN, serving over six million customers in the Netherlands, aims to reduce operational costs and improve sustainability. The collaboration aligns with KPN's strategy to embrace digital services, streamline processes, and adapt to market changes.

ClearSale partners with Oracle to host a webinar on Ecommerce UX: High-Converting Strategies for Peak Seasons on October 14, 2021. The event aims to assist ecommerce merchants in enhancing user experiences during peak shopping seasons, critical for revenue and customer retention. With 230 million online buyers projected in the US, the webinar will cover essential strategies for improving site performance, checkout processes, and fraud protection. Attendees will have a chance to engage in a live Q&A session.

Oracle has announced plans to expand its global cloud region footprint, opening 14 new cloud regions in Europe, the Middle East, Asia Pacific, and Latin America over the next year to meet rising customer demand. Key locations include Milan, Stockholm, and Johannesburg. By the end of 2022, Oracle aims to operate at least 44 cloud regions, continuing its rapid growth strategy. The expansion supports business continuity and disaster protection, ensuring compliance with local data residence requirements.

Oracle Textura Payment Management Cloud Service has managed subcontractor payments for construction projects totaling $1 trillion, marking a significant milestone since its launch in 2006. Over 78,000 projects have utilized the system, processing approximately $9 billion in monthly payments. Notably, the construction value managed has doubled from $500 billion in 2018 to $1 trillion today. The service enhances efficiency, reduces payment risks, and aids in compliance management for contractors and subcontractors.

Oracle (NYSE: ORCL) will hold its 2021 Annual Meeting of Stockholders on November 10, 2021, at 1:00 p.m. Central Time, via a live audio webcast. Stockholders as of September 13, 2021, the record date, can participate. Guests may attend but cannot vote or ask questions. Proxy materials with meeting participation and voting instructions are available at www.virtualshareholdermeeting.com/ORCL2021. A recording will be accessible until November 17, 2021.

Oracle, TIM (Telecom Italia), and Noovle have signed a collaboration agreement to deliver multicloud services in Italy. This initiative aims to enhance digital modernization across enterprises and public organizations. Noovle will utilize its data center network, while TIM provides extensive ICT services, and Oracle contributes its next-generation cloud infrastructure. The partnership will focus on enabling operational efficiency and data sovereignty, aligning with Italy's digital transformation efforts, and facilitating the migration of TIM’s critical data management workloads to Oracle Cloud Infrastructure.