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 (ORCL) delivers cutting-edge enterprise software and cloud infrastructure solutions to organizations worldwide. This dedicated news hub provides investors and technology professionals with timely updates on Oracle’s strategic initiatives, financial performance, and product innovations.
Access official press releases and curated analysis covering earnings announcements, cloud platform developments, strategic partnerships, and leadership updates. Our repository ensures you stay informed about Oracle’s advancements in database management, AI-driven applications, and hybrid cloud solutions without needing to monitor multiple sources.
Key updates include quarterly financial disclosures, acquisitions in enterprise technology, product launches across Oracle Cloud Infrastructure (OCI), and regulatory filings. Bookmark this page for streamlined access to essential information that impacts Oracle’s market position and technological leadership.
Oracle Corporation (NYSE: ORCL) reported fiscal 2023 Q1 results with total revenue reaching $11.4 billion, reflecting an 18% year-over-year growth in USD and 23% in constant currency. Cloud revenue surged by 45% to $3.6 billion. GAAP net income stood at $1.5 billion, translating to GAAP earnings per share of $0.56. The report highlighted Cerner's contribution of $1.4 billion to revenues, with expectations for further growth. The company declared a quarterly cash dividend of $0.32 per share.
Oracle Corporation has scheduled its first quarter fiscal year 2023 earnings results to be released on September 12, 2022, after market close. A conference call and live webcast will follow at 4:00 p.m. Central Time to discuss these results. Investors can access the live webcast on the Oracle Investor Relations website. For more details about Oracle's offerings in applications and infrastructure in the cloud, visit their official website.
Pecan AI reported remarkable growth in H1 2022, with a 150% increase in Annual Recurring Revenue (ARR) and a 121% rise in customer count. The platform, designed for business teams, now generates over a billion predictions monthly, impacting billions in revenue. Key hires include Chris Sweeney and Danielle Gotkis. This growth reflects a growing demand for data science capabilities amidst complex macroeconomic conditions, enabling clients to leverage first-party data for strategic decision-making.
Adept is leveraging Oracle Cloud Infrastructure (OCI) and NVIDIA technology to develop a flexible AI interface that enhances productivity for knowledge workers. The partnership utilizes OCI's high-performance computing capabilities and NVIDIA's powerful GPUs, allowing Adept to train large-scale AI models efficiently. Recently, Adept secured $65 million in funding to support its AI ambitions. This collaboration aims to revolutionize the way employees interact with software, ultimately enhancing productivity and decision-making for organizations.
Oracle has renewed its strategic partnership with AT&T through a five-year agreement aimed at enhancing cloud capabilities for the telecommunications giant. This renewal focuses on expanding the use of Oracle Fusion Cloud ERP and CX solutions, enabling AT&T to streamline financial processes and improve customer engagement. The partnership will also facilitate IT modernization and data center consolidation via Oracle Cloud Infrastructure. Executives from both companies emphasize the importance of this collaboration for adapting to the evolving market.
BWH Hotel Group has integrated its central reservation system with Oracle Hospitality OPERA Cloud to enhance operations for its hotel brands, including Best Western and SureStay. This integration allows hotels to streamline operations, reduce costs, and improve guest service. The Best Western Plus Alfa Aeropuerto in Spain is already utilizing this new system. BWH Hotel Group, with nearly 4,500 properties in 100 countries, aims to support its hotels in adapting to modern demands and improving revenue through advanced cloud-based technology.
Oracle has unveiled the next generation of Oracle Fusion Sales, an AI-driven sales automation tool designed to enhance productivity and expedite deal closures. This new application targets common seller challenges, highlighted in a Beagle Research study indicating that a third of sellers struggle with closing deals. Fusion Sales introduces features such as automated quotes, guided processes, and advanced revenue intelligence, aimed at transforming traditional sales workflows to be more efficient and responsive to market demands.
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