Oracle Extends AT&T Cloud Agreement with New Five-Year Deal
Oracle has renewed its strategic partnership with AT&T through a five-year agreement aimed at enhancing cloud capabilities for the telecommunications giant.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Oracle has renewed its strategic partnership with AT&T through a five-year agreement aimed at enhancing cloud capabilities for the telecommunications giant. This renewal focuses on expanding the use of Oracle Fusion Cloud ERP and CX solutions, enabling AT&T to streamline financial processes and improve customer engagement. The partnership will also facilitate IT modernization and data center consolidation via Oracle Cloud Infrastructure. Executives from both companies emphasize the importance of this collaboration for adapting to the evolving market.
Positive
- Renewal of a five-year strategic agreement with AT&T, reflecting ongoing partnership.
- Expansion of Oracle Fusion Cloud ERP and CX usage to enhance financial and customer engagement processes.
- Support for AT&T's IT modernization and data center consolidation through Oracle Cloud Infrastructure.
Negative
- None.
Details
News Market Reaction – ORCL
The recorded move for ORCL in the trading session of this news was +1.00%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
Leading telecommunications provider accelerates cloud transition with Oracle apps and infrastructure
AUSTIN, Texas, Aug. 10, 2022 /PRNewswire/ -- Oracle has renewed a strategic agreement with AT&T that will help give new capacity and capabilities for the company's database and application workloads running in Oracle Cloud. The new five-year deal will build on AT&T's use of Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Fusion Cloud Customer Experience (CX), Oracle Cloud Infrastructure, and other Oracle Cloud services, including:
- Oracle Cloud ERP will enable AT&T to eliminate manual processes as part of the company's ongoing financial and supply chain transformation.
- Access to Oracle's portfolio will expand the use of Oracle Cloud CX, which AT&T uses to engage customers with personalized content to help improve their overall experience.
- OCI services will support AT&T's IT modernization and data center consolidation.
- AT&T will also certify Oracle's next-generation cloud solutions and Oracle Exadata Cloud@Customer X9M.
"AT&T's cloud transition is a critical initiative for our business," said Jon Summers, senior vice president, Information Technology, AT&T. "We've worked closely with Oracle on some of our toughest technology challenges over the years, and we're excited to renew this collaboration for another five years."
"AT&T is continually reinventing itself to better connect people and businesses, and we're proud to extend our partnership to support that connectivity," said Jonathan Tikochinsky, executive vice president, strategic clients group, Oracle. "By using Oracle Cloud Infrastructure and Oracle Fusion Applications, AT&T is able to continue scaling globally and adapting to the evolving telecommunications market."
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SOURCE Oracle
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