Oracle Corporation - ORCL STOCK NEWS

Oracle has launched the Oracle Clinical Digital Assistant for ambulatory clinics in the US. This mobile solution integrates generative AI, voice, and clinical intelligence to streamline healthcare workflows, reducing documentation time by 20-40% and enhancing provider-patient interactions. The system automates note generation and next-step actions such as referrals and prescriptions, which helps alleviate provider burnout and improve care quality. Early adopters, including Billings Clinic and St. John's Health, report significant time savings and increased workflow efficiency.

Oracle has announced a $1 billion investment to open a third cloud region in Madrid, Spain, aiming to enhance AI and cloud services. This expansion, in collaboration with Telefonica España, will support various industries, particularly the financial sector, by migrating critical workloads to Oracle Cloud Infrastructure (OCI). The new region will address regulatory requirements, such as the Digital Operational Resilience Act (DORA), and offer high-performance, secure cloud solutions. Oracle's investment is part of a broader strategy to bolster Spain's digital economy and innovation capabilities.

Oracle announced that the Oracle Autonomous Database is now generally available on Oracle Database@Azure in the Microsoft Azure East U.S. region.

The Oracle Autonomous Database, the second Oracle database service to run on Oracle Cloud Infrastructure (OCI) in Azure datacenters, promises to accelerate application innovation and development while simplifying the migration of existing Oracle Databases to the cloud.

This service, initially available via a private offer in the Azure Marketplace, integrates with Azure's portal and APIs, providing a high-performance, secure, and scalable database solution for global organizations.

It also supports various data and development models, includes built-in AI capabilities, and features tools like Oracle APEX and Data Studio.

Oracle highlights the strategic investment as a response to significant customer demand, aiming to provide a unified experience and comprehensive support from both Oracle and Microsoft.

Oracle announced AI innovations in its APEX low-code development platform, introducing the APEX AI Assistant. This tool allows developers to create applications using natural language prompts, automatically generating SQL statements and debugging code. Oracle APEX, which supports over 850,000 developers and has built over 21 million applications, enables rapid and simplified application development. Key features include vector search automation, conversational AI dialogs, and creating app blueprints. Oracle APEX's inclusion in Oracle Database and its services ensures high performance, security, and scalability. Organizations like Trailcon and Natcorp have benefited from these enhancements, streamlining processes and reducing operational costs.

Oracle and the U.S. Department of Veterans Affairs (VA) have extended their contract to modernize the electronic healthcare record (EHR) system for veterans. The extension signifies progress over the past two years in enhancing the EHR system, which aims to improve medical care for veterans. The successful deployment at the Captain James A. Lovell Federal Health Care Center, a joint venture with the Department of Defense, demonstrates the system's effectiveness. The EHR system, MHS GENESIS, is now operational at 3,890 facilities, serving over 9.5 million beneficiaries globally. This unified system will streamline VA's workflows, training, and technology management while ensuring better coordination with federal and commercial partners.

Panasonic Information Systems (Panasonic IS), a subsidiary of Panasonic Holdings, has selected Oracle Exadata Database Service on Oracle Cloud Infrastructure (OCI) to modernize its internal systems. The initiative involves migrating over 2,000 database environments from on-premises to the cloud. In the first phase, Panasonic IS migrated 30 systems, reducing database infrastructure costs by 50%. One major milestone was the migration of the sales data analytics system, managing 30TB of data for 18,000 employees. This move is part of the broader 'Panasonic Transformation (PX) Best Hybrid Platform' strategy, which leverages multiple public clouds for optimal performance. Oracle Consulting's support played a significant role in the project's success. Panasonic IS plans to continue collaborating with Oracle for future migrations and data utilization initiatives.

Oracle (NYSE: ORCL) announced its fiscal 2024 Q4 and full-year results. Q4 total revenues reached $14.3 billion, a 3% increase year-over-year in USD and 4% in constant currency. Cloud revenue comprised $5.3 billion, up 20% in USD and constant currency. Notable segments include Cloud Infrastructure (IaaS) at $2.0 billion (up 42%) and Cloud Application (SaaS) at $3.3 billion (up 10%).

Q4 GAAP EPS was $1.11, while non-GAAP EPS was $1.63. Fiscal 2024 total revenue stood at $53.0 billion, a 6% rise. Operating cash flow hit $18.7 billion, up 9%. Oracle's Q4 GAAP net income was $3.1 billion, with non-GAAP net income at $4.6 billion. The company noted a 44% increase in Total Remaining Performance Obligations to $98 billion, driven by AI-related contracts, including a $12.5 billion deal with Open AI to train ChatGPT. The board declared a $0.40/share dividend, payable on July 25, 2024.

Oracle and Google Cloud have announced a strategic partnership to offer Oracle Cloud Infrastructure (OCI) database services through Google Cloud. This collaboration aims to simplify cloud migration and multicloud deployment, making OCI services available in Google Cloud datacenters. Customers will benefit from high-speed interconnects, no cross-cloud data transfer charges, and seamless integration of Oracle’s and Google’s services. Initially available in 11 regions, the offering will expand to include Oracle Database@Google Cloud, providing high performance and feature parity with OCI. Key benefits include simplified purchasing, unified support, and access to Google’s AI services.

Oracle, Microsoft, and OpenAI are collaborating to enhance the Microsoft Azure AI platform by integrating it with Oracle Cloud Infrastructure (OCI). This partnership aims to provide additional capacity for OpenAI, the organization behind ChatGPT, which serves over 100 million users monthly. Sam Altman, CEO of OpenAI, highlighted that OCI will help Azure scale further. Larry Ellison, Oracle's Chairman, noted that OCI's Gen2 AI infrastructure is the fastest and most cost-effective, attracting various AI innovators like Adept and NVIDIA. OCI will offer extensive AI capabilities, including up to 64,000 NVIDIA GPUs, to support startups and enterprises in building and training models more efficiently.