Oracle Corp Stock Price, News & Analysis

Oracle Corporation (NYSE: ORCL) reported Q2 fiscal 2022 revenues of $10.4 billion, a 6% increase year-over-year. Cloud services and license support revenues also rose by 6% to $7.6 billion, while cloud and on-premise license revenues surged 13% to $1.2 billion. However, GAAP results showed an operating loss of $824 million attributed to a legal judgment, impacting earnings per share (EPS) to $0.46. Non-GAAP EPS improved 14% to $1.21, exceeding guidance. The board approved a $10 billion share repurchase program and declared a $0.32 quarterly dividend.

Oracle Corporation has announced the release date for its second quarter fiscal year 2022 results, which will be on December 9th after market close. A conference call and live webcast to discuss these results will be held at 4:00 p.m. Central Time. Investors can access the webcast via the Oracle Investor Relations website. The announcement emphasizes Oracle's integrated applications and cloud infrastructure services, reinforcing its position in the technology market.

Oracle's latest Retail survey reveals that holiday shopping is lagging, with 66% of Americans less than halfway done. This contrasts with a September survey where 52% had started shopping. Concerns over supply chain issues are prevalent, particularly regarding Christmas trees, with 22% fearing scarcity and high costs. The survey indicates a potential surge in retail activity post-Thanksgiving. Key findings include that 30% of respondents have done minimal shopping, and 18% report higher prices due to supply chain disruptions.

A recent survey reveals that 23% of Americans have started shopping for Thanksgiving groceries early due to ongoing supply chain issues, with 35% planning to shop sooner than usual. Concerns about turkey availability and pricing were noted, with 20% worried they may not find the right size or type. Despite challenges, 70% of respondents intend to cook at home, with a mix of in-store and online grocery shopping. Oracle emphasizes the need for retailers to adapt to changing consumer behaviors to manage inventory effectively during this holiday season.

Oracle announced that SoundHound Inc has chosen Oracle Cloud Infrastructure (OCI) as its strategic cloud provider to support its voice AI platform. This partnership aims to enhance performance and reduce costs as SoundHound processes billions of queries, with the number of monthly queries expected to exceed 1 billion in 2021 alone. The migration to OCI will aid SoundHound's global expansion and boost service availability to customers. Notably, SoundHound has doubled its query traffic to over 100 million in six months, emphasizing its rapid growth.

Oracle unveils an immersive virtual reality exhibit, "FUTURES," at the Smithsonian's Arts and Industries Building, starting November 20, 2021. The exhibition explores energy usage from 1850 to 2050, highlighting conservation and the collective role in achieving a sustainable energy future. Visitors engage through games and actions to understand energy choices that can reduce carbon footprints. Running until July 6, 2022, the project emphasizes the importance of individual actions alongside renewable energy policies in combating climate change.

Oracle Aconex has become the first project management solution to secure the BSI Kitemark certification for ISO 19650 and DIN SPEC 91391, validating its compliance with the latest standards in Building Information Modeling (BIM). This certification assures construction firms of enhanced project collaboration and management, potentially saving time and costs. Senior VP Mark Webster emphasized the importance of this milestone in the evolving digitization of the industry, while BSI leaders praised Oracle's dedication to best practices in BIM.

EVO Payments, Inc. (NASDAQ: EVOP) has entered a global agreement with Oracle to enhance payment technology for hospitality and retail merchants. This agreement allows EVO to integrate Oracle's enterprise payment solutions, specifically the Oracle Payments Interface (OPI), thereby offering services to existing Oracle customers. The integration will provide access to Oracle's point-of-sale software, such as Xstore, Simphony, and Opera, enabling a seamless payment experience and expanding EVO's merchant base. This strategic partnership aims to increase functionality and target new payment acceptance opportunities.