Oracle Corp Stock Price, News & Analysis

Oracle's Food and Beverage survey reveals that 71% of US diners are eager to eat out again, with 42% feeling comfortable dining indoors. The survey, conducted by Untold Insights in March 2021, indicates a significant increase in dining out plans, with 78% intending to dine out monthly. However, 73% of respondents plan to reduce cash usage, and 49% prefer mobile reservations and payments. Consumers showed brand loyalty, with 81% favoring restaurants over delivery apps. Technology is crucial for adapting to these new preferences, promoting a hybrid dining experience.

Oracle Utilities Opower has launched a new solution aimed at enhancing energy affordability for limited income customers in the US. Utilizing predictive analytics, the solution identifies financially vulnerable individuals and streamlines outreach efforts. Features include tailored messaging to increase program awareness and a simplified enrollment process for energy assistance programs. This initiative aims to alleviate the financial strain caused by rising energy costs, exacerbated during the pandemic, and improve customer service while promoting sustainable practices.

Oxford University and Oracle have launched the Global Pathogen Analysis System (GPAS) to accelerate the identification of COVID-19 variants. Utilizing Oxford's Scalable Pathogen Pipeline Platform and Oracle Cloud Infrastructure, GPAS aims to standardize pathogen data analysis globally. The system processes SARS-CoV-2 genomic sequences quickly, enhancing global health responses. With applications extending beyond COVID-19, the platform will be free for researchers and non-profits, making a significant contribution to public health and pandemic management.

DISH Wireless is revolutionizing the telecommunications industry with the launch of its cloud-native, OpenRAN-based 5G network. Collaborating with Oracle, DISH aims to implement a Service-Based Architecture (SBA) for its 5G core, enhancing automation and flexibility. This partnership will allow enterprise customers to tailor network slices for specific applications, improving service delivery in sectors like telehealth and manufacturing. DISH's strategy focuses on deploying thousands of network slices and leveraging Oracle's technology to ensure operational efficiency and reduced costs.

Oracle Fusion Cloud ERP has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Cloud Core Financial Management Suites for the fifth consecutive year. Among 10 evaluated products, Oracle ranked highest in execution and completeness of vision. The report highlights a growing demand for cloud solutions to overcome challenges faced with on-premises applications. Oracle's advancements, such as intelligent performance management and expanded integrations, like with Microsoft Teams, cater to over 7,700 organizations globally, aiming for continual innovation in finance transformation.

On May 12, 2021, Oracle announced the opening of its Vinhedo Cloud region in Brazil, marking its 30th Cloud region globally. This facility complements the existing São Paulo Cloud region and is part of Oracle's goal to establish 38 regions by year-end. The Vinhedo region aims to meet increasing customer demand and support compliance with data sovereignty regulations. With continuous availability of up to 99.995%, it enables organizations to securely manage critical workloads. The expansion underscores Oracle's commitment to investing in Brazil’s digital transformation, including partnerships with local firms like TIM Brasil and SKY.

Oracle has unveiled the world's first ad measurement technology for 3D in-game environments, enhancing its Oracle Advertising suite. This innovation, which includes impressions delivery and General Invalid Traffic (GIVT) measurement, caters to PC, mobile, and web-based gaming platforms. As the in-game ad revenue is projected to reach $56 billion by 2024, this tool aims to combat advertising fraud, providing advertisers with reliable metrics to optimize their investments.

Oracle announced updates to its Subscription Management platform to enhance customer relationships and boost recurring revenues. Key features include Churn Probability Predictions that help identify risks to renewals using AI, Pre-built Subscription Reports providing insights on customer activity, and Self-Service Subscriptions that allow customers to manage their subscriptions independently. The updates aim to reduce churn, improve customer experience, and streamline operations, ultimately helping businesses retain clients and enhance profitability.

Sumitomo Mitsui Financial Group has selected Oracle Fusion Cloud ERP to consolidate its accounting functions and streamline business processes across its group companies. The decision aims to modernize accounting operations and enhance efficiency. With Oracle's scalable ERP solutions, SMBC Group intends to establish a unified accounting platform, improving productivity and reducing costs. The implementation will be phased and supported by Oracle Japan's Consulting Services, ensuring continuous innovation through quarterly updates.