Oracle Corp Stock Price, News & Analysis

Oracle Corporation (NYSE: ORCL) announced that the waiting period under the Hart-Scott-Rodino Act for its acquisition of Cerner Corporation (Nasdaq: CERN) expired on February 22, 2022. This step signifies progress in the acquisition process. The tender offer for Cerner shares is set to expire at midnight on March 16, 2022. However, Oracle anticipates an extension to allow time for remaining conditions to be satisfied. The acquisition aims to enhance Oracle's healthcare service capabilities, although it remains subject to various regulatory clearances.

Oracle announced that the US Department of Defense (DoD) has approved Oracle Cloud Infrastructure (OCI) to host Top Secret/Sensitive Compartmentalized Information (TS/SCI) and Special Access Program (SAP) missions. This ATO enables the DoD to securely process sensitive data using dedicated Oracle National Security Regions. OCI supports critical services, such as the OCI Container Engine for Kubernetes and Oracle Database Cloud Service. This accreditation expands Oracle's capabilities in the government sector, enhancing its strategic partnership with the US Government.

Oracle announced that Bharti Airtel has selected Oracle Fusion Cloud ERP and Oracle Fusion Cloud SCM to enhance its finance, planning, and supply chain operations. This integration aims to automate manual processes, improve financial data visibility, and streamline procurement. The transition to cloud applications is part of Airtel's strategy to boost productivity and customer experience. This collaboration extends the existing partnership between Oracle and Airtel, focusing on leveraging advanced technology for operational efficiency.

On February 14, 2022, Oracle announced enhanced logistics management features in Oracle Fusion Cloud Supply Chain & Manufacturing to aid organizations in improving efficiency and value across global supply chains. The updates include intelligent transit time predictions, enhanced shipment capabilities, a multi-language digital assistant, and advanced transportation analytics. These innovations aim to reduce costs, improve order fulfillment accuracy, and enhance customer experience amidst increasing logistics challenges.

Vodafone UK has chosen Oracle Communications to lead network policy for its standalone 5G network, enhancing service deployment and policy decisions. With Oracle's cloud-native management solution, Vodafone aims to introduce new 5G offerings like holographic calls and faster film downloads. This collaboration not only optimizes low-latency applications but also supports the seamless integration of 4G and 5G services. Oracle’s technologies promise a scalable, automated, and cost-effective network for future growth in 5G subscribers and connected devices.

Oracle Corporation has extended its tender offer to acquire Cerner Corporation until March 16, 2022. The all-cash offer remains at $95.00 per share, unchanged from previous terms. The extension allows additional time for meeting regulatory conditions under the Hart-Scott-Rodino Antitrust Improvements Act. As of February 10, 2022, approximately 14,628,854 shares, or 3.8% of Cerner's outstanding shares, have been tendered. Other terms of the offer remain consistent with the merger agreement.

Oracle and Telefónica Tech have entered a partnership to deliver cloud platform-as-a-service and applications to enterprises and public sector organizations. The collaboration includes the establishment of the Oracle Cloud Madrid Region, aimed at meeting the growing cloud service demand in Spain. This region will enhance business continuity and comply with data residency regulations. The agreement will enrich Telefónica Tech's extensive portfolio of cloud services while addressing customer needs for security and data sovereignty. This initiative aligns with the EU's recovery funds aimed at boosting cloud adoption in Spain.

Oracle and Red Bull Racing have strengthened their partnership, now named Oracle Red Bull Racing, and introduced the new RB18 car for the upcoming season. This collaboration will enhance the use of Oracle Cloud in analytics-based racing strategies and AI-powered driver training. The team has significantly increased simulation capabilities, improving decision-making at reduced costs. Additionally, a fan loyalty platform has seen a 9x increase in sign-ups, enhancing fan engagement. The 2022 F1 season starts March 18-20 with the Gulf Air Bahrain Grand Prix.

On February 3, 2022, SVP Worldwide announced its upgrade to Oracle Retail's latest Point of Service (POS) and Customer Relationship Management (CRM) systems amidst rising sales for its sewing brands, SINGER®, HUSQVARNA VIKING®, and PFAFF®. This initiative aims to enhance customer experiences in their 171 retail stores by utilizing mobile devices for personalized service, leveraging customer history for targeted promotions. The upgrade is led by Oracle Retail Consulting, reflecting SVP's commitment to innovation and operational efficiency. The collaboration is expected to significantly improve customer engagement and reduce operational costs.