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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 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.
Oracle has partnered with the National Institutes of Health (NIH) to develop the CoVPN Volunteer Screening Registry, a cloud system to facilitate COVID-19 clinical trials. Within a week of launch, over 100,000 volunteers registered. This initiative aims to support clinical trial sites across the U.S. and internationally, focusing on inclusivity for high-risk communities. Oracle's efforts include previous systems like the Therapeutic Learning System, which has gathered 1.5 million patient updates. This collaboration enhances large-scale clinical trials needed for vaccine development.
The Lawrence J. Ellison Institute for Transformative Medicine and Oracle have pioneered a two-step predictive algorithm to enhance cancer diagnostics, specifically for breast cancer. This innovative technique uses under 1,000 annotated pathology slides to train the algorithm, achieving high diagnostic accuracy in classifying tumors' ER/PR/HER2 status. The method utilizes tissue 'fingerprints' to recognize tumor patterns, demonstrating accuracy metrics of 0.89 AUC (ER), 0.81 AUC (PR), and 0.79 AUC (HER2). This research, supported by Oracle Cloud technology, aims to improve diagnostic efficiency and access, potentially benefiting underserved regions.
Oracle has secured a Framework Agreement to provide secure cloud services to the Government of Canada. This agreement allows Canadian federal government customers to manage sensitive data on Oracle Cloud Infrastructure. The Canadian government is adopting a cloud-first strategy, enhancing its digital transformation efforts through Oracle's cloud services available in Toronto and Montreal. The partnership emphasizes Oracle's capabilities in machine learning, security, and autonomous database technology, meeting the compliance needs of public sector clients.
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