Oracle Corp - ORCL STOCK NEWS

Oracle has expanded its collaboration with ENGIE, a global low-carbon energy provider, by implementing Oracle Fusion Cloud Human Capital Management (HCM) for its 170,000 employees. This partnership aims to leverage AI and machine learning to enhance HR processes such as recruitment, skills development, and internal mobility. Oracle's integrated system will streamline previously disconnected HR data, ultimately empowering employees and standardizing HR operations like performance management and career development.

Oracle announced that Cybereason has selected Oracle Cloud Infrastructure (OCI) to power its Defense Platform, enhancing its cybersecurity offerings. This partnership aims to bolster protection against advanced threats, leveraging OCI's scalability and low latency. Cybereason's solution, designed for operational efficiency with a 93% improvement in threat detection, allows security teams to effectively manage 200,000 endpoints per analyst. The collaboration also includes joint marketing efforts and the potential for in-country hosting to address data sovereignty requirements.

Oracle has unveiled "StreamScam," the largest connected television (CTV) ad fraud operation, which spoofed 28.8 million valid household IP addresses. This sophisticated scheme manipulated flaws in CTV ad serving technology, tricking advertisers into paying for non-delivered ads. In contrast, the previous record for a CTV ad fraud operation involved only two million spoofed IP addresses. Oracle's Moat technology identified the fraudulent activities, highlighting critical vulnerabilities in advertising practices within the rapidly growing CTV market, projected to reach $11.36 billion in spending by 2021.

Oracle has launched a National Electronic Health Records (EHR) Database and Public Health Management Applications to support the U.S. COVID-19 vaccination effort. The system enables real-time data access for public health agencies and healthcare providers, facilitating over 500,000 clinical trial registrations. Key features include a Provider Order Portal for vaccine inventory management and an EHR Cloud serving as a central repository for vaccination data. Oracle aims to modernize healthcare systems globally, leveraging its applications to streamline vaccination programs and therapeutic monitoring.

San Francisco State University has transitioned its financial processes to Oracle Fusion Cloud Enterprise Performance Management (EPM), enhancing transparency and flexibility in planning, budgeting, and forecasting. The move, finalized in November 2020, allows SFSU to improve decision-making and adapt to economic changes. This transformation enables efficient scenario modeling, reducing manual tasks, and fostering strategic planning for the future. Oracle's EPM tools are designed to support institutions amid challenges like campus closures, ensuring better insights and forecasts for informed financial decisions.

Oracle has achieved significant recognition in Gartner's 2020 cloud database market reports, with its Autonomous Database scoring highest in all four use cases in the Critical Capabilities for Cloud Database Management Systems for Operational Use Cases. It also topped the Magic Quadrant for Cloud Database Management Systems. The Autonomous Transaction Processing ranked highest in traditional transactions and other operational categories, while the Autonomous Data Warehouse excelled in operational intelligence.

Oracle Corporation (NYSE: ORCL) reported Q2 fiscal 2021 results with total revenues increasing 2% year-over-year to $9.8 billion. Key highlights include cloud services and license support revenue up 4% to $7.1 billion, while cloud and on-premises license revenue dropped 3% to $1.1 billion. GAAP net income rose 6% to $2.4 billion, with GAAP EPS up 16% to $0.80. Oracle opened 13 new datacenters in 2020, aiming for 38 by mid-2021. The board declared a quarterly cash dividend of $0.24 per share, payable on January 21, 2021.

Oracle Corporation will release its second quarter fiscal year 2021 results on December 10th, after market close. A conference call and live webcast will be held at 2:00 p.m. Pacific Time to discuss the financial results. Investors can access the webcast via the Oracle Investor Relations website. This announcement keeps stakeholders informed on ongoing financial performance in light of recent economic trends.

Oracle has launched the MySQL Database Service with an integrated MySQL Analytics Engine on Oracle Cloud Infrastructure (OCI). This unique service allows online transaction processing (OLTP) and online analytics processing (OLAP) on a single platform, enhancing performance and reducing costs. The Analytics Engine accelerates query performance by up to 400 times and is significantly cheaper than competitors like Amazon Redshift. It avoids the need for ETL processes, improving efficiency and security. This offering is available globally across all Oracle Cloud regions.