Oracle Corp - ORCL STOCK NEWS

Oracle announced the release of Oracle Database 21c, now available on Oracle Cloud, including the Always Free tier. This latest version introduces over 200 innovations, including features like immutable blockchain tables, In-Database JavaScript, and AutoML for machine learning. The database enhances multi-model, multi-workload, and multi-tenant support, improving efficiency for developers. In addition, Oracle launched Oracle APEX, a low-code service for rapid application development, catering to increased demand for streamlined, data-driven solutions.

Oracle has launched its APEX low-code development platform as a managed cloud service, enabling developers to create data-driven enterprise applications more rapidly. With over 500,000 users already leveraging APEX, this standalone service starts at $360 per month, supporting unlimited applications for over 500 users. A Pique Solutions study revealed that Oracle APEX can accelerate application development by 38 times compared to traditional methods. The service is expected to enhance application performance with significant integration to Oracle's Autonomous Database, allowing for faster response times.

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.