Oracle Corp Stock Price, News & Analysis

Orangetheory Fitness has chosen Oracle NetSuite for its global expansion, aiming to automate key processes and enhance operational insights. With over 1,500 studios in 24 countries, the fitness brand seeks a robust enterprise resource planning (ERP) system to streamline its operations, improve data accuracy, and support decision-making amidst rising demand. NetSuite will help Orangetheory consolidate operations, integrate data with franchisees, and refine business processes, facilitating its strategic growth.

Studio McGee, a leader in interior design, partners with Oracle NetSuite to streamline its operations in response to soaring demand for homewares. The company has seen its revenue grow over $80 million since its launch in 2014. With the integration of NetSuite's ERP system, Studio McGee transitions from five disconnected applications to a centralized platform, enhancing productivity and reporting accuracy. The firm is moving into a new 325,000-square-foot fulfillment center while exploring international expansion, aiming to support its rapid growth.

Oracle NetSuite announced that March of Dimes is leveraging its cloud-based ERP system to streamline financial processes and enhance operational efficiency. The nonprofit has reduced its monthly financial close from 14 to 5 days by utilizing NetSuite's integrated business system. This improvement enables March of Dimes to allocate resources more effectively, driving a more significant impact on its mission to improve the health of mothers and babies. The transition to NetSuite has allowed for automation in payables and receivables, providing real-time financial insights critical for strategic decision-making.

Thread, a producer of stylish wallets and accessories, partners with Oracle NetSuite to enhance its demand forecasting and decision-making capabilities. Utilizing NetSuite Analytics Warehouse, Thread harnesses data from diverse sales channels and retail locations, which has led to improved supply chain efficiency and increased revenue, now exceeding $15 million. The partnership allows Thread to more accurately anticipate customer demand and streamline operations, helping to sustain its rapid growth trajectory.

Granite Partners utilizes Oracle NetSuite to enhance operational efficiency across its portfolio of 10 companies. By leveraging an integrated business system, Granite improves revenue processes, increases margins, and enhances business outcomes. With capabilities like CPQ for price management and ERP for cost management, Granite addresses challenges posed by inflation and supply chain issues. This results in a more streamlined approach to pricing and product configuration, ultimately boosting profitability for both the portfolio companies and Granite Partners.

Oracle announced that Exelon Corporation is migrating several of its utility applications to Oracle Cloud Infrastructure (OCI). This shift aims to enhance IT efficiencies, reduce costs, and support Exelon's sustainability goals as part of its cloud-first strategy. The partnership will utilize Oracle's applications for better customer service and operational performance. Exelon serves over 10 million customers, emphasizing a commitment to integrating innovative technologies for sustainability and customer satisfaction.

BurgerFi, a rapidly expanding fast-casual chain, has adopted Oracle MICROS Simphony Cloud POS systems to support its growth in the United States. With over 124 locations, the system enhances operational efficiency and customer interactions, allowing seamless integration of new technologies like contactless payments and kiosk ordering. The CTO highlighted how Simphony streamlines operations and ensures customer satisfaction through real-time updates on menu items and pricing. This partnership aims to provide BurgerFi with flexible solutions for continued innovation in a competitive market.

Oracle Financial Services has partnered with KeyBank to modernize its non-real estate consumer lending process. This transformation allows KeyBank to process loan accounts in real-time, enhancing customer service and reducing delays. KeyBank's legacy systems were challenging to maintain, prompting the need for Oracle's solutions, which integrate modern workflows and improve operational efficiency. This collaboration aims to streamline services across KeyBank's digital channels, ultimately supporting faster account openings and better customer engagement.

Oracle has launched Java 19, enhancing developer productivity through seven significant JDK Enhancement Proposals (JEPs). Key improvements include Record Patterns and Pattern Matching for Switch, increasing interoperability with non-Java code, and introducing Virtual Threads for better concurrent application management. The release will be showcased at JavaOne 2022 in Las Vegas from October 17-20. Designed to meet the evolving needs of developers and enterprises, Java 19 also supports cloud-native applications and includes extensive collaboration across the global developer community.