Oracle Corp - ORCL STOCK NEWS

Telenor has selected Oracle Communications Billing and Revenue Management and Oracle Converged Charging to enhance mobile services for its 175 million subscribers across Asia. This partnership aims to facilitate seamless billing interactions and prepare for 5G expansion in Malaysia, Thailand, and Pakistan. Oracle's integrated cloud-native solution offers real-time rating capabilities supporting various payment models. With faster implementation and streamlined processes, Telenor seeks to deliver improved customer experiences while managing capital expenditures.

Oracle announced that Thomson Reuters has chosen Oracle Cloud Infrastructure (OCI) for its multi-cloud strategy, making its ONESOURCE indirect tax software available globally. The partnership aims to simplify tax processes and enhance performance using the Oracle Autonomous Database. OCI's security and superior price-performance will benefit users by automating transactions efficiently. The collaboration includes joint marketing efforts to broaden Thomson Reuters' global reach, leveraging Oracle's 30 Cloud Regions for data sovereignty and security.

Oracle Health Sciences has been selected by Servier to utilize its Clinical One platform for modernizing clinical trial management. This initiative aims to streamline the trial process by integrating various operations, thereby accelerating the launch of new therapies. Servier, a global pharmaceutical group, will benefit from enhanced data analysis and operational efficiencies. Clinical One's capabilities include study budgeting, site selection, and data collection, promoting a unified approach to decentralized trials.

Oracle has been selected by Medallia, a leader in customer experience management, as its preferred cloud infrastructure provider for the Medallia Experience Cloud. This partnership aims to enhance performance, reduce costs, and support Medallia's global expansion. Medallia's platform captures vast customer insights and leverages AI to drive actionable business outcomes. The collaboration will also involve joint marketing efforts to accelerate market reach. This decision comes as Medallia faces challenges like increasing data center costs and the need for data residency solutions.

Oracle has received FedRAMP High Provisional Authority to Operate and DISA Impact Level 5 accreditation for its cloud services, expanding offerings to government clients. The new services include Oracle Digital Assistant and Oracle Cloud VMware Solution, aimed at enhancing efficiency and security for U.S. government agencies. These accreditations signify that Oracle's cloud solutions meet stringent security standards, allowing federal customers to utilize a broader range of tools while ensuring compliance. The move strengthens Oracle's position in the government cloud market.

Oracle has announced a multi-year collaboration with Deutsche Bank to modernize the bank's database technology and accelerate its digital transformation. The partnership includes migrating Deutsche Bank's database systems to Oracle Exadata Cloud@Customer, consolidating critical applications while ensuring data residency compliance and reducing operational costs. This initiative is part of Deutsche Bank's ongoing digital transformation strategy, which aims to enhance the bank's ability to innovate and streamline operations through improved data integration and oversight.

On June 23, 2021, Oracle announced its commitment to powering all global operations, including facilities and cloud services, with 100% renewable energy by 2025. CEO Safra Catz emphasized the importance of this initiative for sustainability, aligning with the values of customers, partners, and investors. The company aims for the same renewable energy milestone for its next-generation cloud regions and has already achieved this for its European cloud regions. Additionally, Oracle is focused on reducing e-waste and waste sent to landfills, while ensuring suppliers implement environmental programs by 2025.

Oracle announced a new solution, Oracle Dynamic Skills, aimed at enhancing workforce management and skill development. This addition to Oracle Fusion Cloud Human Capital Management (HCM) leverages AI to provide real-time insights into employee skills, enabling organizations to attract and retain talent effectively. Key features include Skills Nexus, a comprehensive database of employee skills; Skills Advisor, an AI-based recommendation engine; and Skills Center, a personalized portal for employee development. The solution aims to address the rapidly changing demands of the talent market.

Oracle Student Financial Planning (SFP) is being adopted by colleges across the U.S. to streamline financial aid processes, enabling students to access accurate funding information. Institutions like Eastern Gateway Community College, Navarro College, and William Carey University are utilizing SFP to simplify operations, improve efficiency, and enhance student experiences. The automation of aid processes supports informed financial choices, addressing affordability challenges highlighted by the pandemic. Oracle's solutions facilitate better resource allocation in educational institutions, ultimately empowering students in their academic pursuits.