Oracle Corp Stock Price, News & Analysis

Oracle has unveiled the next generation of Oracle Fusion Sales, an AI-driven sales automation tool designed to enhance productivity and expedite deal closures. This new application targets common seller challenges, highlighted in a Beagle Research study indicating that a third of sellers struggle with closing deals. Fusion Sales introduces features such as automated quotes, guided processes, and advanced revenue intelligence, aimed at transforming traditional sales workflows to be more efficient and responsive to market demands.

Oracle and Microsoft have launched the Oracle Database Service for Microsoft Azure, providing Azure customers seamless access to Oracle's cloud database services. Customers can connect Azure subscriptions to Oracle Cloud Infrastructure (OCI) effortlessly, optimizing their multicloud experience. This service is free of charge for usage between Azure and OCI, enhancing collaboration between the two companies. Leading organizations like AT&T and Marriott are already implementing this solution, highlighting its effectiveness in modernizing applications and improving operational efficiency.

Oracle has launched Construction Intelligence Cloud Analytics to enhance its Smart Construction Platform, aimed at improving data visibility for engineering and construction organizations. This solution integrates data from various applications, enabling contractors and owners to effectively identify issues, predict risks, and enhance performance across project lifecycles. Oracle emphasizes the platform's predictive intelligence, aiming for 'six sigma precision' in project management and facilitates better decision-making through centralized data access, improving coordination and operational efficiency.

A study by Beagle Research Group, in partnership with Oracle, reveals that while sellers are resilient post-pandemic, many face significant challenges. About 33% struggle to close deals, with 43% noting customer purchasing pullbacks and 39% experiencing longer decision times. The research highlights a demand for automation to offload routine tasks, with 70% of sellers trusting AI for lead qualification. Notably, 37% report increased responsibilities without additional resources, and 59% are involved in training new sellers, consuming substantial time.

Oracle has partnered with Claro to offer Oracle Cloud Infrastructure (OCI) services to organizations in Colombia. Claro will become the host partner for an Oracle Cloud region, enabling OCI platform services and professional support for cloud adoption. This initiative aims to modernize IT infrastructure and stimulate economic recovery in Colombia. Claro plans to migrate over 100 on-premises servers to OCI, enhancing customer service and billing processes. This partnership is expected to accelerate technology modernization and competitiveness in Latin America.

Oracle Corporation (NYSE: ORCL) announced its upcoming Oracle CloudWorld Las Vegas event, set for October 17-20, 2022. The company reported a 19% increase in total cloud revenues, reaching $2.9 billion for the quarter ending May 31, 2022. Notably, IaaS revenues surged 36% to $792 million, while SaaS revenues from Fusion ERP and NetSuite ERP also saw significant growth. CEO Safra Catz expressed excitement about the continuous growth across their cloud applications and infrastructure as they prepare for CloudWorld.

Oracle has opened its first cloud region in Mexico, located in Querétaro, expanding its global cloud infrastructure footprint to 39 regions. This development allows public and private organizations in Mexico to access a variety of cloud services with enhanced security and disaster recovery capabilities. The new region is committed to sustainability, aiming to utilize 100% renewable energy by 2025. Furthermore, it provides organizations access to emerging technologies to modernize operations and improve customer experiences.

Commvault has expanded its partnership with Oracle to offer Metallic Data Management as a Service (DMaaS) on Oracle Cloud Infrastructure (OCI). This collaboration aims to enhance data protection for enterprise customers against threats while ensuring compliance with local data residency laws. Metallic DMaaS delivers improved security and simplified recovery options, facilitating seamless integration between on-premises and cloud environments. The service aims to combat ransomware and unauthorized data access across various sectors, leveraging OCI's advanced security features and storage capabilities.