Oracle Corp Stock Price, News & Analysis

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.

Oracle has launched the Oracle Food and Beverage Payment Cloud Service, enabling US restaurants to accept multiple contactless payment options without hidden fees or long-term contracts. This service features a fixed fee pricing model and operates on Oracle Cloud Infrastructure, ensuring security and compliance. Partnering with Adyen, Oracle aims to simplify payment processing, allowing restaurateurs to manage operational costs more effectively. The service directly integrates with the Oracle MICROS Simphony POS system, offering comprehensive support for restaurant needs.

Oracle has launched the Oracle Utilities Agent Service, a cloud application designed for utility customer service teams that integrates billing, usage, and interaction data for a comprehensive view of customers. The application employs AI-powered tools to assist agents in efficiently resolving customer issues and recommending services. This enhances agent productivity and improves customer interactions across multiple service channels. Oracle's CX for Utilities suite aims to optimize customer experiences for water, gas, and energy providers, supported by its advanced technology and operational knowledge.

Oracle's Opower Peak Management programs achieved record engagement during summer 2021, involving over 3.3 million participants across North America. The programs resulted in a demand reduction of 25 megawatts, equivalent to 10 wind turbines. With an impressive 53% average open rate for communications, these initiatives not only stabilized the energy grid but also enhanced customer satisfaction. Utilities are adopting similar strategies to manage extreme weather events more effectively, as highlighted by positive feedback from customers and increasing engagement in energy-saving behaviors.

Oracle has launched the Oracle Retail Supplier Evaluation Cloud Service to enhance merchandising procurement by improving visibility into suppliers' ethical and environmental practices. This tool aids retailers in making sustainable sourcing decisions, thus safeguarding brand image and reducing supply chain risks. By evaluating suppliers based on governance, safety, and quality, retailers can foster deeper consumer trust. The platform will be available from July 14, 2022, aiming to align with consumer demand for sustainability, as 60% of consumers prioritize eco-friendly brands.