Oracle Corp Stock Price, News & Analysis

Oracle has been recognized as a Leader in the 2022 Gartner Magic Quadrant™ for Cloud Database Management Systems, marking its fifth consecutive year in this position. Additionally, Oracle Autonomous Transaction Processing (ATP) scored highest in all operational use cases. Furthermore, Oracle Autonomous Data Warehouse (ADW) ranked second in analytical use cases.

Oracle has launched its 41st global Cloud Region in Chicago, enhancing its footprint in the U.S. and serving the Midwest’s financial and manufacturing sectors. This new region offers over 100 Oracle Cloud Infrastructure (OCI) services designed for high performance and security. By 2025, the Chicago region will operate on 100% renewable energy, supporting Oracle’s sustainability commitment. The region provides low-latency options for data transfer, high availability, and disaster recovery. Notable partnerships with various firms enhance connectivity options for businesses in the area.

Oracle Corporation (NYSE: ORCL) reported Q2 fiscal 2023 results with total revenues of $12.3 billion, marking an increase of 18% year-over-year in USD and 25% in constant currency. Cloud revenue surged 43% in USD, driven by infrastructure and applications growth. GAAP earnings per share stood at $0.63, while non-GAAP EPS was $1.21. The acquisition of Cerner contributed $1.5 billion to the quarterly revenues, enhancing Oracle's capabilities in healthcare technology. A quarterly cash dividend of $0.32 per share was also announced.

Oracle has been recognized as a 'Leader' in the IDC MarketScape Worldwide Hospitality Property Management Systems (PMS) 2022 Vendor Assessment. The OPERA Cloud PMS is highlighted for its unified solutions, scalability, and secure platform that supports various hotel operations. The report affirms Oracle's strategy positions it well for future developments in hospitality technology. With customizable user experiences and integration capabilities, OPERA Cloud meets the evolving needs of the hospitality industry, enhancing operational efficiency and guest satisfaction.

Oracle Corporation announced that its second quarter fiscal year 2023 earnings results will be released on December 12, 2022, after market close. A conference call will take place at 4:00 p.m. Central Time to discuss the financial results. Investors can access the live webcast via Oracle's Investor Relations website.

For additional information about Oracle's offerings and operations, please visit www.oracle.com.

Oracle announced the appointment of Stuart Levey as the new executive vice president and chief legal officer. Levey, recognized for his extensive legal expertise, most recently served as CEO of the Diem Association and has over 30 years of leadership experience. He previously led HSBC's legal department and held key positions at the U.S. Treasury and Department of Justice. According to CEO Safra Catz, Levey's background in technology and finance is particularly valuable as Oracle navigates changing regulations and its expanding cloud business.

Raymour & Flanigan, a leading furniture and mattress retailer, has chosen Oracle NetSuite to improve its operational efficiency and enhance customer experiences. This partnership will enable Raymour & Flanigan to integrate business systems, automate processes, and enhance real-time insights, facilitating adaptation to retail industry changes. Founded in 1947, the company operates over 140 locations and employs 7,000 staff. As it celebrates its 75th anniversary, the firm aims to leverage NetSuite's capabilities for growth and improved customer service.

Oracle has launched the MICROS Simphony mobile order and pay solution to enhance restaurant service efficiency. This handheld POS device allows servers to take orders anywhere on the property, improving customer experience and reducing wait times. It features contactless payment capabilities and operates on the Oracle Payments Cloud Service, ensuring transparent payment terms. According to Simon de Montfort Walker, this mobile solution addresses labor challenges and enhances service quality, which could lead to higher customer satisfaction and tips.

Oracle has launched the Oracle Public Safety Services, a comprehensive technology platform aimed at enhancing the efficiency of law enforcement and first responders. This unified hardware and software suite eliminates data silos and manual processes, providing real-time information that supports better decision-making during emergencies. Key components include a cloud-based dispatch command center, records management, jail management software, and wearable devices for enhanced situational awareness. The system is designed to be CJIS compliant, facilitating faster deployment while lowering costs.