Oracle Corp Stock Price, News & Analysis

Oracle announced the launch of Oracle Database 23c Free—Developer Release on April 3, 2023, aimed at providing developers with early access to advanced features like JSON Relational Duality, which integrates relational and document data models. This free version simplifies the application development process and is available for download in multiple formats without user account requirements. The release signifies a strategic move to enhance developer productivity, offering features such as JavaScript Stored Procedures and support for operational property graphs. The initiative underscores Oracle's commitment to developer accessibility and innovation in database technology.

Oracle has been recognized as a Leader in the 2023 Gartner Magic Quadrant for Transportation Management Systems (TMS), showcasing its Oracle Fusion Cloud Transportation Management. The company ranked highest for 'Ability to Execute' and furthest in 'Completeness of Vision' among 15 evaluated firms. This distinction has been consistent since 2006. Gartner highlighted Oracle's strong customer deployments across various industries, noting its solutions enhance logistics efficiency and sustainability while reducing freight costs. The report emphasizes the importance of optimized transportation in overcoming ongoing supply chain disruptions.

Oracle has enhanced its partnership with NVIDIA by launching NVIDIA DGX Cloud on its Oracle Cloud Infrastructure (OCI) Supercluster. This new supercomputing service outstrips the size of the world's largest supercomputer, enabling support for up to 4,096 Compute Bare Metal instances and 32,768 GPUs. NVIDIA AI Foundations, a suite of generative AI cloud services, is also available on OCI. The initiative aims to provide organizations with the computational resources needed for unique AI applications. OCI's Supercluster ensures ultra-low latency and near line rate performance, facilitating the deployment of custom AI models for varied industries.

Oracle has launched Java 20, the latest version of its leading programming language, featuring seven JDK Enhancement Proposals to enhance developer productivity and improve platform performance, stability, and security. Key updates include language improvements from OpenJDK projects such as Amber, Panama, and Loom. These enhancements aim to streamline application development, allowing organizations to use resources more efficiently. This release is part of Oracle's predictable six-month update schedule, ensuring continuous improvements and relevance in today’s evolving tech landscape.

Oracle has unveiled new features for its Container Engine for Kubernetes (OKE), aimed at simplifying operations for large-scale Kubernetes environments. The enhancements, available through Oracle Cloud Infrastructure (OCI), focus on improving reliability and efficiency while reducing costs. Key updates include Virtual Nodes for serverless experiences, Add-Ons' Lifecycle Management, and Workload Identity for better security. Customers such as GoTo and SoundHound report significant cost savings and efficiency gains, with up to 50-60% reductions in performance costs compared to competitors.

On March 16, 2023, JVCKENWOOD Corporation announced the implementation of Oracle Cloud ERP and EPM to enhance its financial processes. This transition aims to standardize operations, increase productivity, and reduce costs across the organization. The digital transformation will enable JVCKENWOOD to consolidate multiple legacy systems into a single platform, improving decision-making and forecasting abilities. Oracle's reputation in the Japanese market, combined with its recent accolades, positions it as a leader in financial applications. This strategic move is expected to enhance operational efficiency and provide valuable insights for stakeholders.

Oracle NetSuite has launched NetSuite MyLearn, a digital learning platform designed to enhance customer skills in using NetSuite's cloud technology. Available as part of the Learning Cloud Support, this platform features live training, on-demand modules, and personalized learning paths, aiming to accelerate NetSuite implementations and simplify training. An introductory version is offered at no cost to prospective users. MyLearn aims to support over 34,000 current NetSuite customers and industry professionals globally, providing a customizable dashboard for tracking progress and recommended content.

Athletic-inspired fashion retailer Hibbett is enhancing its customer experience by adopting the Oracle retail cloud platform. With over 1,133 stores in 36 states, Hibbett aims to provide personalized interactions that promote customer loyalty and increase sales. The integration of Oracle Retail Xstore Point-of-Service and Oracle Retail Store Inventory Operations Cloud Service will enable staff to have real-time access to merchandise information. Hibbett’s commitment to customer satisfaction is further supported by the Oracle Retail Customer Engagement Cloud Service, allowing associates to better serve customers with tailored recommendations and improved inventory management.

Oracle Energy and Water has been recognized as a leader in the Advanced Distribution Management System (ADMS) Vendors report by Guidehouse Insights. The report highlights Oracle's robust enterprise platform, which helps utilities manage the growing influx of distributed energy resources (DERs). Moving up the leaderboard, Oracle ranked in the top two for technology and partnerships and in the top three for vision. The company serves six of the top ten U.S. utilities and manages over 61 million customers worldwide, demonstrating significant market presence and brand recognition.