Oracle Corp Stock Price, News & Analysis

Auburn University, in collaboration with Ithaka Hospitality Partners, is launching a luxury teaching hotel, The Laurel Hotel & Spa, that integrates Oracle Hospitality's OPERA Cloud Service. This facility, designed for hands-on learning, will allow hospitality management students to gain practical experience in hotel operations. With a focus on technology, the project strengthens Auburn's educational offerings, providing students a competitive edge in the hospitality industry. OPERA Cloud's advanced capabilities will enhance operational efficiency and enrich learning experiences.

The University of Tennessee (UT) System has chosen Oracle Fusion Cloud Applications to enhance its finance and HR operations. This transition, part of the Dynamic Administrative Systems for Higher Education initiative, involves replacing outdated systems with Oracle's cloud-based solutions. The upgrade aims to improve operational efficiency, automate processes, and provide better decision-making capabilities for the UT System's campuses. Oracle Cloud ERP and HCM will enable real-time visibility and seamless updates to processes.

Oracle has launched a new 30,000-square-foot facility near Chicago to facilitate hands-on exploration of advanced technologies. This Oracle Industry Lab will initially focus on key sectors such as energy, water, construction, and manufacturing, leveraging support from Verizon 5G Ultra Wideband. Additional labs are set to open in England and Australia later this year. The lab enables customers to test technologies like AI, IoT, and VR in real-world scenarios, aiming to address pressing industry challenges and drive innovation.

Oracle has launched the Exadata Cloud Infrastructure X9M, significantly enhancing database performance and scalability in the cloud. This new generation offers 2.5 times more database cores and 87% more OLTP IOPS than its predecessor, all at the same price. The X9M supports up to 8,064 vCPUs and 3.1 PB of database capacity, enabling customers to consolidate workloads, improve OLTP response times with sub-19 microsecond SQL IO latency, and achieve faster analytics processing with 80% increased scan throughput.

Alabama is implementing Oracle Student Financial Planning (SFP) to enhance FAFSA completion among high school students. In April 2022, the state saw a 21.9% increase in FAFSA submissions compared to the previous year, addressing an estimated $67.8 million in unclaimed Pell Grants. By making FAFSA completion a graduation requirement, Alabama aims to improve access to post-secondary education. Oracle SFP streamlines the financial aid process, empowering counselors to assist students effectively, thereby fostering a more diverse and skilled workforce.

Oracle has launched Oracle ME, a comprehensive platform designed to enhance employee experience and engagement within the Oracle Cloud HCM. This initiative aims to address the evolving expectations of the global workforce, with 85% of employees dissatisfied with current support. Oracle ME includes tools such as Oracle Touchpoints for listening to employee feedback, HCM Communicate for personalized communications, and Oracle Journeys for simplifying complex tasks. The platform ensures that organizations can adapt to employee needs, promoting retention and productivity.

Oracle Corporation (NYSE: ORCL) has extended its tender offer for Cerner Corporation (Nasdaq: CERN) until May 11, 2022. The all-cash offer remains at $95.00 per share for all outstanding shares. As of April 8, 2022, approximately 33,951,780 shares, or about 11.5% of Cerner's outstanding shares, have been validly tendered. The extension allows time for satisfying merger conditions, including regulatory approvals. All other terms of the tender offer remain unchanged, and further extensions may occur as needed.

The City of Tampa has successfully upgraded its operations by implementing Oracle Fusion Cloud ERP and HCM, enhancing IT security and reducing operational costs. This transition allowed staff to focus more on citizen services and eliminated various inefficiencies, such as the outdated invoice and approval processes. The implementation, led by Oracle Consulting using the Oracle Soar methodology, was completed on time and within budget. Tampa is set to benefit from ongoing updates and enhanced employee self-service capabilities.