Welcome to our dedicated page for Oracle news (Ticker: ORCL), a resource for investors and traders seeking the latest updates and insights on Oracle stock.
Oracle Corporation (ORCL) is a global software publisher and cloud technology company whose activities generate frequent, detailed news coverage. Oracle’s own releases emphasize its integrated suites of applications and secure, autonomous infrastructure in the Oracle Cloud, along with specialized platforms for healthcare, government, retail, hospitality, and utilities. This news page aggregates such company‑driven announcements and related market updates for investors and followers of ORCL stock.
Visitors can expect news on financial results and capital markets actions, such as Oracle’s Form 8‑K filings describing quarterly earnings press releases, cash dividend declarations, and the issuance of senior notes for general corporate purposes. Oracle also publishes updates on its cloud applications and AI capabilities, including Oracle Fusion Cloud Applications, Oracle AI Database services, and multicloud offerings like Oracle Database@Google Cloud, which connect Oracle databases with external analytics and AI platforms.
Another recurring theme in Oracle’s news is industry‑specific deployments. Recent announcements describe healthcare organizations adopting Oracle Fusion Cloud Applications and Oracle Health solutions, municipalities selecting Oracle Permitting and Licensing to modernize regulatory services, retailers using Oracle Retail Supply Chain Collaboration, and utilities implementing Oracle Utilities Customer Platform and the Opower engagement platform. Hospitality‑focused news includes enhancements to Oracle Payments for guest experiences and charitable giving at checkout.
By following this ORCL news feed, readers can monitor Oracle’s product launches, AI and cloud initiatives, sector‑focused customer wins, and governance‑related disclosures referenced in its SEC filings. Bookmark this page to review new Oracle press releases and regulatory updates as they are published and to understand how Oracle’s technology and corporate actions evolve over time.
Casinos in the US are increasingly adopting Oracle Cloud to enhance operational efficiency and guest experiences. Technologies like OPERA Cloud, MICROS Simphony, and Nor1 are being utilized to optimize property management and dining operations. Notable casinos such as Mohegan Sun and Feather Falls Casino report significant improvements in upselling and customer satisfaction. Mohegan Sun, for instance, has seen a 500% increase in upsells since adopting Oracle's solutions. This trend reflects a growing demand for digital-first experiences among consumers.
Oracle has launched its 40th global cloud region, with the inaugural Oracle Cloud Madrid Region opening in Spain, aimed at catering to the growing demand for enterprise cloud services. The new region enhances Oracle's offerings in Europe, providing access to over 100 cloud services, including advanced database capabilities. This expansion, powered by 100% renewable energy, aims to support various sectors such as healthcare and finance, ensuring data sovereignty and compliance within the EU. Notable customers include BBVA and Grupo EULEN, emphasizing local technological innovation.
Oracle has announced new updates to its Fusion Cloud HCM platform aimed at improving employee engagement and supporting managers. Key features include the Team Skills Center for skill management, All-in-One Evaluations for comprehensive team assessments, and Oracle Touchpoints for capturing employee sentiment. These enhancements are designed to help managers understand their teams better and ultimately boost productivity. The updates reflect Oracle's commitment to adapt to evolving employee expectations for career growth and work-life balance.
Oracle has launched MySQL HeatWave on Amazon Web Services (AWS), allowing users to handle transaction processing, real-time analytics, and machine learning in one service. This offering boasts up to 7X better price performance than Amazon Redshift and 10X better than Snowflake. MySQL HeatWave features advanced security options, automated database management via MySQL Autopilot, and machine learning capabilities that enhance performance. The service aims to provide an efficient alternative to AWS's existing database solutions, addressing challenges like data egress fees and latency.
Oracle Corporation (NYSE: ORCL) reported fiscal 2023 Q1 results with total revenue reaching $11.4 billion, reflecting an 18% year-over-year growth in USD and 23% in constant currency. Cloud revenue surged by 45% to $3.6 billion. GAAP net income stood at $1.5 billion, translating to GAAP earnings per share of $0.56. The report highlighted Cerner's contribution of $1.4 billion to revenues, with expectations for further growth. The company declared a quarterly cash dividend of $0.32 per share.
Oracle Corporation has scheduled its first quarter fiscal year 2023 earnings results to be released on September 12, 2022, after market close. A conference call and live webcast will follow at 4:00 p.m. Central Time to discuss these results. Investors can access the live webcast on the Oracle Investor Relations website. For more details about Oracle's offerings in applications and infrastructure in the cloud, visit their official website.
Pecan AI reported remarkable growth in H1 2022, with a 150% increase in Annual Recurring Revenue (ARR) and a 121% rise in customer count. The platform, designed for business teams, now generates over a billion predictions monthly, impacting billions in revenue. Key hires include Chris Sweeney and Danielle Gotkis. This growth reflects a growing demand for data science capabilities amidst complex macroeconomic conditions, enabling clients to leverage first-party data for strategic decision-making.
Adept is leveraging Oracle Cloud Infrastructure (OCI) and NVIDIA technology to develop a flexible AI interface that enhances productivity for knowledge workers. The partnership utilizes OCI's high-performance computing capabilities and NVIDIA's powerful GPUs, allowing Adept to train large-scale AI models efficiently. Recently, Adept secured $65 million in funding to support its AI ambitions. This collaboration aims to revolutionize the way employees interact with software, ultimately enhancing productivity and decision-making for organizations.
Oracle has renewed its strategic partnership with AT&T through a five-year agreement aimed at enhancing cloud capabilities for the telecommunications giant. This renewal focuses on expanding the use of Oracle Fusion Cloud ERP and CX solutions, enabling AT&T to streamline financial processes and improve customer engagement. The partnership will also facilitate IT modernization and data center consolidation via Oracle Cloud Infrastructure. Executives from both companies emphasize the importance of this collaboration for adapting to the evolving market.
Summary not available.
FAQ
What is the current stock price of Oracle (ORCL)?
What is the market cap of Oracle (ORCL)?
