Oracle Corp - ORCL STOCK NEWS

Oracle's recent Retail survey reveals shifting shopping habits due to the pandemic. About 20% of consumers favor in-store shopping this holiday season, while 47% plan a mix of online and offline purchases. Despite the pandemic, 58% expect to spend the same or more than last year. Reductions in return plans drop from 77% to 38%. Key insights include a preference for gift cards and a critical need for inventory to avoid poor shopping experiences. Concerns for safety are high, with 79% emphasizing mask-wearing and 82% valuing cleaning efforts.

According to a study by Beagle Research and Oracle, most sellers find traditional CRM systems ineffective, leading to frustration and inefficiency. Key findings from over 500 participants reveal that 90% of sellers believe their jobs take longer than necessary, primarily due to manual CRM tasks. A staggering 66% would prefer to do anything else than update their CRM systems. With only 47% using their CRM regularly, the research highlights a significant gap in CRM effectiveness, suggesting a need for AI-driven solutions to improve productivity and work-life balance.

Oracle has launched the Exadata Cloud Service X8M, enhancing its capabilities on the cloud. This platform promises higher transaction processing, with 2.5 times more IOs and 10 times better latency compared to previous versions. Supporting up to 4,600 CPU cores and 25 PB of database capacity, it allows seamless database migration with no application changes. Customers can scale independently, reducing costs significantly. Organizations like Burns and McDonnell have reported 35% cost savings and improved performance, indicating strong market potential.

Oracle Cloud Infrastructure (OCI) Government Cloud Services has secured a Provisional Authority to Operate (P-ATO) from the FedRAMP Joint Authorization Board (JAB). This accreditation confirms OCI as a compliant and secure platform for public sector workloads. Previously achieving a FedRAMP High Agency ATO, the JAB P-ATO further solidifies Oracle's commitment to mitigating data breach risks and ensuring compliance with stringent security standards. Government customers can benefit from reduced certification times and costs, accelerating their transition to cloud services.

Oracle has launched its Cloud Observability and Management Platform, designed to streamline the management of multicloud and on-premises environments. The platform offers a unified view and diagnostic services, enhancing operational efficiency with built-in machine learning for real-time anomaly detection. Early adopters include Integra LifeSciences and Lone Star College. The platform, available via Oracle Cloud Infrastructure, integrates with popular tools like Slack and Grafana, addressing the complexity of managing IT infrastructures and significantly improving performance and availability of applications.

Oracle (NYSE: ORCL) will conduct its 2020 Annual Meeting of Stockholders on November 4, 2020, at 10:00 a.m. PT. Due to COVID-19, the meeting will be held virtually to ensure the safety of participants. Proxy materials with instructions for participation and voting are available online. A recording of the meeting will be accessible until November 11, 2020. Oracle provides a range of integrated applications and autonomous infrastructure solutions. For more details, visit Oracle's official website.

Oracle has announced new integrations between Oracle Fusion Cloud Customer Experience (CX) and Sprinklr, enhancing personalized customer experiences. These integrations aim to streamline marketing and customer service efforts, allowing marketers to connect campaigns in real time and enabling service professionals to resolve requests efficiently. Key features include real-time syncing for targeted marketing and a complete view of customer interactions across multiple channels, ultimately driving customer satisfaction and loyalty.

Oracle has announced significant updates to its Fusion Cloud ERP and EPM systems, aiming to enhance efficiency, decision-making, and productivity for finance teams amid challenging economic conditions. Key innovations include touchless operations through intelligent automation, predictive planning for improved decision-making, and enhanced collaboration via digital assistants. These innovations leverage AI and natural language processing to help organizations adapt quickly and efficiently, facilitating growth and strategic initiatives.

Oracle has announced new updates to its Oracle Fusion Cloud Supply Chain & Manufacturing to enhance supply chain resilience and agility. The updates aim to improve collaboration, asset management, and long-term planning amidst disruptions caused by COVID-19 and global trade shifts. Key features include the Oracle Logistics Digital Assistant for real-time tracking, AI Planning Advisor for production disruptions, and enhanced multi-tier supply chain collaboration. These enhancements position Oracle to better support organizations in navigating complex supply chain challenges.