Oracle Corp Stock Price, News & Analysis

Oracle Corporation reported a robust fiscal 2022 Q4, with total revenues reaching $11.8 billion, up 5% year-over-year in USD and 10% in constant currency. Cloud revenue surged 19% in USD, led by a 36% increase in Infrastructure Cloud Revenue (IaaS). GAAP earnings per share stood at $1.16, while non-GAAP earnings per share were $1.54. The company declared a quarterly cash dividend of $0.32 per share. CEO Safra Catz highlighted a significant shift towards hyper-growth in their infrastructure cloud business, indicating strong future revenue potential.

Oracle Corporation has successfully completed its acquisition of Cerner Corporation, with a majority of Cerner's outstanding shares validly tendered by June 6, 2022. Approximately 204,280,589 shares, or 69.2%, were tendered, satisfying the conditions for the tender offer. The acquisition is set to close on June 8, 2022. Larry Ellison, Oracle's Chairman, will discuss the strategic plans for transforming healthcare in a virtual event on June 9, 2022. This acquisition is anticipated to enhance Oracle's healthcare capabilities, although risks related to integration and market conditions remain.

Oracle Corporation announced the date for its fourth quarter fiscal year 2022 earnings results release, scheduled for June 13, 2022, after the market closes. A conference call and live webcast will follow at 4:00 p.m. Central Time to discuss the financial details. Investors can access the webcast through Oracle's Investor Relations website. This announcement indicates the company's transparency and commitment to keeping shareholders informed about its financial performance.

Oracle Corporation (NYSE: ORCL) has received all necessary antitrust approvals for its acquisition of Cerner, a major provider of healthcare information systems. The all-cash tender offer at $95.00 per share amounts to approximately $28.3 billion and is expected to significantly boost Oracle's earnings in fiscal year 2023. The acquisition aims to enhance healthcare delivery through advanced digital tools and improve patient outcomes. The transaction's completion is subject to certain conditions, including a majority of Cerner's shares being tendered.

Oracle introduces Oracle France Payroll, enhancing its Fusion Cloud Human Capital Management (HCM) suite. This new cloud payroll solution, launching on May 31, 2022, aims to streamline payroll processes for organizations in France, offering compliance with local regulations and automation of complex payroll tasks. It supports businesses by integrating core HR systems and offering robotic process automation to minimize errors. With payroll compliance for 13 countries, including France, this solution allows organizations to efficiently manage payroll for a rapidly changing legislative environment.

Oracle strengthens its cloud security services with five new capabilities for Oracle Cloud Infrastructure (OCI), enhancing protection against emerging threats. This includes the launch of a cloud-native firewall and upgrades to Oracle Cloud Guard. The enhancements aim to facilitate compliance and breach prevention while minimizing additional investments. As organizations migrate workloads to the cloud, OCI's solutions are designed to provide streamlined security management, addressing concerns about internal and external vulnerabilities. These innovations underscore Oracle's commitment to making cloud security more accessible and effective.

Oracle is extending its innovative technology, originally designed to combat COVID-19, to support the development of a safe and effective HIV vaccine. Launched on May 19, 2022, by the HIV Vaccine Trials Network, the Red Ribbon Registry facilitates volunteer participation in HIV clinical studies. The initiative aims to leverage Oracle's COVID-19 Prevention Network experience, which captured nearly 700,000 participant registrations, to enhance research and awareness surrounding HIV, a disease affecting approximately 1.2 million people in the U.S.

Oracle Cloud Infrastructure (OCI) has received Department of Defense (DOD) Impact Level 5 Provisional Authorization (PA) for additional services, including Oracle Autonomous Database and Integration Cloud. This expansion allows U.S. defense and intelligence organizations to leverage secure cloud services for sensitive workloads. Oracle emphasizes its commitment to providing cost-effective and secure cloud solutions to government entities. The recent authorizations demonstrate compliance and security for OCI, enhancing its positioning in the government sector.