Oracle Corp Stock Price, News & Analysis

According to a recent Oracle Food and Beverage survey, 83% of U.S. consumers missed live events during the pandemic, with 32% eager to return to stadiums immediately. However, 56% favor continued social distancing, and many want innovative concession options like in-seat delivery. The survey highlights changing consumer preferences, such as a desire for mobile ordering and personalized experiences beyond the arena. While many consumers are excited to return, 25% plan to stay away in 2021, primarily Baby Boomers. This reflects a shift in expectations for safety and convenience in the post-pandemic environment.

Oracle Corporation has announced the pricing of its sale of $15 billion in investment-grade notes with varying interest rates and maturities from 2026 to 2061. The interest rates range from 1.650% to 4.100%, payable semi-annually starting September 25, 2021. The offering is set to settle on March 24, 2021. Proceeds will be used for general corporate purposes, including debt repayment, dividends, stock repurchases, and potential acquisitions. The offering is backed by a syndicate led by major financial institutions.

Oracle has partnered with Prosper Digital Therapeutics to utilize its Cloud Infrastructure for a machine learning platform aimed at optimizing patient care. ProsperDTX aims to enhance predictive modeling by integrating data from various medical sources, achieving a 25% cost saving. This collaboration is important amid the heightened healthcare demands caused by the COVID-19 pandemic. Oracle's solutions also ensure compliance with HIPAA, facilitating efficient data science workflows. The partnership is set to significantly boost ProsperDTX’s capacity for personalized treatment plans.

Oracle has announced significant enhancements to its Autonomous Data Warehouse, aiming to simplify data management for users at all levels. The upgrades introduce intuitive, no-code tools for data analysis, machine learning, and application development, catering to business analysts and citizen data scientists alike. Organizations report up to a 63% reduction in operational costs and improved productivity, with the potential for faster insights and lower costs. This release solidifies Oracle's position as a leader in self-driving cloud data warehousing.

Oracle announced the release of Java 16 on March 16, 2021, featuring 17 enhancements aimed at improving developer productivity. Key features include finalized Pattern Matching for instanceof (JEP 394) and Records (JEP 395), along with a new Packaging Tool (JEP 392) for creating self-contained Java applications. The release supports a six-month update cycle, ensuring consistent innovation and performance improvements.

Additional enhancements cover memory management and networking functionality, enhancing productivity and flexibility for Java developers.

Oracle Corporation reported its fiscal 2021 Q3 results, showcasing a 3% rise in total revenues to $10.1 billion. Cloud services and license support revenues increased by 5% to $7.3 billion. GAAP net income surged by 95% to $5.0 billion, with GAAP earnings per share up 113% to $1.68. Driven by robust growth in cloud ERP services, operating cash flow reached $14.7 billion. The Board increased share repurchase authorization by $20 billion and declared a quarterly cash dividend of $0.32 per share, reflecting a 33% increase.

Oracle Corporation announced that its third quarter fiscal year 2021 results will be released on March 10th after market close. A conference call and live webcast is scheduled for 4:00 p.m. Central Time to discuss the results. The webcast will be available on the Oracle Investor Relations website. This announcement is a precursor to the quarterly earnings report, which may impact investor sentiment and stock performance.

Oracle announced that Northwell Health, New York's largest health system, has implemented Oracle Analytics Cloud to enhance patient care during COVID-19. This integration allows Northwell to monitor nursing resources, predict staffing needs, and manage patient loads efficiently. The system, developed in less than a month, includes a real-time staffing dashboard that optimizes the deployment of over 700 nurses. Additionally, Northwell adopted Oracle Cloud HCM to unify HR functions, leading to cost control and improved resource management.

Bidstack has announced positive results from its collaboration with Moat by Oracle, revealing that its verified general invalid traffic (GIVT) figures significantly outperform industry benchmarks. The preliminary analysis indicates Bidstack's PC GIVT is approximately 3.5 times better than the Moat Q3 2020 Display benchmark, verifying over 99% of observed impressions as GIVT-free. With global digital ad spend projected to reach $526 billion by 2024, this partnership is positioned to enhance advertisers' confidence in in-game advertising. The announcement signifies Bidstack's commitment to a trustworthy in-game platform.