Welcome to our dedicated page for Oracle news (Ticker: ORCL), a resource for investors and traders seeking the latest updates and insights on Oracle stock.
Oracle Corporation (NYSE: ORCL), headquartered in Austin, Texas, is a leading multinational computer technology company. Founded in 1977, Oracle has established itself as the pioneer of the first commercial SQL-based relational database management system. Today, Oracle provides database technology and enterprise resource planning (ERP) software to businesses globally, operating in 175 countries with a customer base of 430,000 and supported by 136,000 employees.
Oracle’s core offerings include Oracle Database, a highly optimized and secure database solution, and the Oracle Cloud Infrastructure (OCI), a comprehensive suite of applications and autonomous infrastructure that supports both public and private cloud solutions. The company’s innovative multicloud strategies, such as Oracle Database@Azure, allow businesses to leverage Oracle’s powerful database technology alongside Microsoft Azure’s application and developer services.
Recent partnerships with Conduent, Vodafone, and Voya Financial highlight Oracle's role in aiding significant cloud migrations, enhancing application performance, and ensuring data security. With a focus on providing unmatched performance, scalability, and availability, Oracle continues to expand its cloud services, now available in multiple global regions with plans to further extend by the end of 2024.
Oracle also collaborates with NVIDIA to provide AI solutions for the U.S. Government Cloud, and with CPS Energy to integrate mission-critical technologies on Oracle's cloud platform, showcasing its commitment to digital innovation and operational transformation. Oracle’s comprehensive portfolio includes Oracle Fusion Cloud Applications, embedding AI to enhance enterprise processes across finance, HR, and customer service.
In terms of financial health, Oracle reported a 3% year-over-year increase in Q4 2024 revenues, driven by strong demand for cloud services and AI training capabilities. The company’s commitment to continuous innovation and strategic partnerships positions it as a pivotal player in the technology sector, meeting the dynamic needs of a diverse customer base.
For more information, visit www.oracle.com.
Oracle announced that Xactly will use Oracle Cloud Infrastructure as its primary cloud provider to enhance its flagship Incent SaaS application and support global expansion. This multi-year agreement involves migrating critical workloads to Oracle, aiming for improved elasticity and cost-performance. Both companies will collaborate on marketing solutions, enhancing customer experience through better performance, lower costs, and rapid geographic expansion. The sales performance management market grew 14% to $1 billion in 2019, offering potential for Oracle as a key player in supporting Xactly’s scalability.
On September 14, 2020, Oracle announced the launch of Oracle Cloud Guard and Oracle Maximum Security Zones, enhancing cloud security management. These services aim to automate security policy enforcement and monitor configurations effectively, reducing risks for customers. Oracle is the first public cloud provider to offer such capabilities free of additional costs. With increasing cloud adoption and security challenges, these tools are designed to help organizations secure sensitive workloads and improve their security posture seamlessly across Oracle's cloud infrastructure.
Oracle has confirmed its role as a trusted technology provider in the proposal submitted by ByteDance to the U.S. Treasury Department, as stated by Secretary Mnuchin. This partnership aligns with Oracle's 40-year history of delivering secure and efficient technology solutions. The company aims to leverage its expertise to ensure data security and compliance within the framework of this significant proposal.
Oracle Corporation (NYSE: ORCL) reported fiscal Q1 2021 results with total revenues of $9.4 billion, up 2% year-over-year. Cloud services and license support revenues also increased 2% to $6.9 billion. Cloud license and on-premise license revenues rose 9% to $886 million. GAAP net income was $2.3 billion, marking a 5% increase, and GAAP EPS jumped 16% to $0.72. The board declared a quarterly cash dividend of $0.24 per share. Oracle's cloud applications, including Fusion ERP and NetSuite ERP, showed significant growth, with increases of 33% and 23% respectively.
Oracle Corporation has announced that its first quarter fiscal year 2021 results will be released on September 10, 2020, after market closure. A conference call and live webcast discussing the financial results will be held at 2:00 p.m. PT. Investors can access the live webcast via the Oracle Investor Relations website. This announcement is crucial for shareholders as it sets the stage for upcoming earnings insights.
Oracle announced that Nissan Motor Co. is migrating its high-performance computing (HPC) workloads to Oracle Cloud Infrastructure. This transition will enhance Nissan's digital product design process, improving fuel efficiency and safety. By leveraging Oracle's optimized HPC services, Nissan expects higher performance and reduced costs in engineering simulations. This shift underscores Nissan's cloud-first strategy, utilizing Oracle's industry-first bare-metal HPC solution to meet increasing simulation demands while maintaining cost savings.
Oracle has announced the launch of its new Retail Inventory Optimization Cloud Service, designed to assist retailers in navigating unexpected inventory challenges arising from unpredictable customer buying behaviors during the global health crisis. This machine learning-powered service integrates seamlessly with existing forecasting and supply chain systems, enabling retailers to optimize inventory placement and volume effectively. Key features include accurate inventory predictions, automated re-distribution recommendations, and continuous optimization of replenishment parameters, ultimately helping retailers maintain a healthy cash flow.
Oracle has launched the Oracle Cloud VMware Solution, enabling enterprises to migrate their production VMware workloads to Oracle Cloud Infrastructure seamlessly. This solution provides identical experiences to on-premises data centers and integrates with Oracle's second-generation cloud infrastructure. Key features include full administrative control, support for multiple VMware versions, and access to over 50 Oracle Cloud services. The solution aims to enhance operational efficiency, reduce downtime, and support enterprise application modernization. Oracle Cloud VMware Solution is now available in all public regions and Dedicated Region instances.
Oracle has launched its San Jose Cloud Region, the 25th globally, as part of an expansion plan targeting 36 regions by July 21. This facility offers North American customers access to Oracle's full suite of cloud services, including Oracle Autonomous Database. The San Jose site also features a multi-cloud interconnection with Microsoft Azure, facilitating seamless operations for critical workloads. The rapid expansion includes plans for additional regions in various countries, ensuring data residency and disaster recovery needs are met.
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