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Oracle Corporation (NYSE: ORCL), headquartered in Austin, Texas, is a leading multinational computer technology company. Founded in 1977, Oracle has established itself as the pioneer of the first commercial SQL-based relational database management system. Today, Oracle provides database technology and enterprise resource planning (ERP) software to businesses globally, operating in 175 countries with a customer base of 430,000 and supported by 136,000 employees.
Oracle’s core offerings include Oracle Database, a highly optimized and secure database solution, and the Oracle Cloud Infrastructure (OCI), a comprehensive suite of applications and autonomous infrastructure that supports both public and private cloud solutions. The company’s innovative multicloud strategies, such as Oracle Database@Azure, allow businesses to leverage Oracle’s powerful database technology alongside Microsoft Azure’s application and developer services.
Recent partnerships with Conduent, Vodafone, and Voya Financial highlight Oracle's role in aiding significant cloud migrations, enhancing application performance, and ensuring data security. With a focus on providing unmatched performance, scalability, and availability, Oracle continues to expand its cloud services, now available in multiple global regions with plans to further extend by the end of 2024.
Oracle also collaborates with NVIDIA to provide AI solutions for the U.S. Government Cloud, and with CPS Energy to integrate mission-critical technologies on Oracle's cloud platform, showcasing its commitment to digital innovation and operational transformation. Oracle’s comprehensive portfolio includes Oracle Fusion Cloud Applications, embedding AI to enhance enterprise processes across finance, HR, and customer service.
In terms of financial health, Oracle reported a 3% year-over-year increase in Q4 2024 revenues, driven by strong demand for cloud services and AI training capabilities. The company’s commitment to continuous innovation and strategic partnerships positions it as a pivotal player in the technology sector, meeting the dynamic needs of a diverse customer base.
For more information, visit www.oracle.com.
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.
ChildLife Foundation, a non-profit healthcare organization in Pakistan, has selected Oracle Cloud Infrastructure (OCI) to enhance its hospital management system. This transition will significantly improve application availability and performance while reducing costs, allowing ChildLife to allocate more resources to its mission of providing free emergency healthcare.
With operations in 21 hospitals across Sindh and Baluchistan, ChildLife aims to save numerous lives amid the high rate of preventable deaths among children in Pakistan.
The Tony Blair Institute and Oracle have partnered to implement the Oracle Health Management System in Ghana, Rwanda, and Sierra Leone, enabling digital management of vaccination programs. In just 8 days, over 73,000 vaccinations were recorded in Ghana. The system will support various vaccines including yellow fever and COVID-19, providing a secure cloud database for electronic health records and ensuring data sovereignty. More than 30 other countries are considering adopting this technology, which aims to enhance public health infrastructure and facilitate international vaccination efforts.
Texas Children's Hospital, North America's largest children’s hospital, has chosen Oracle Fusion Cloud Applications to enhance its financial and operational processes. The integration aims to streamline finance, supply chain, and human resources, thereby improving employee engagement and simplifying operations. By transitioning away from complex custom applications, Texas Children's seeks to enable staff to focus more on health care. The hospital will utilize Oracle's ERP, HCM, and SCM solutions, supported by Oracle Consulting for strategic implementation.
Oracle Aconex for Defense has achieved FedRAMP Moderate authorization, enabling U.S. Department of Defense (DoD) agencies to utilize this secure cloud-based construction project management platform. This authorization, granted by the U.S. Army Corps of Engineers (USACE), marks a significant milestone in providing compliance-approved solutions for federal defense agencies. The platform enhances collaboration, workflow automation, and information management across project processes, aligning with the DoD's IT modernization initiatives.
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