Oracle Corp Stock Price, News & Analysis

Oracle has been recognized by Gartner as a leader in the 2021 "Magic Quadrant™ for Cloud Database Management Systems" and scored highest in all four use cases for its Autonomous Database optimized for transaction processing (ATP) in the "Critical Capabilities for Cloud Database Management Systems for Operational Use Cases" report. Oracle also ranked in the top three for analytical use cases (ADW). The company's Autonomous Database, which operates on Oracle Cloud Infrastructure, simplifies database management and enhances security and performance for diverse workloads, making it a strong choice among cloud providers.

Oracle has launched its first cloud region in Milan, Italy, enhancing its global cloud services. This new region addresses the increasing demand from both public and private sectors and is part of Oracle's commitment to expand to at least 44 cloud regions by the end of 2022. The Milan region is strategically positioned in Italy's industrial hub, supporting key sectors including banking and tourism. The region is expected to facilitate the adoption of Oracle's cloud services, particularly for highly regulated industries, and aligns with Italy's Piano Nazionale di Ripresa e Resilienza initiative aimed at economic recovery.

Oracle Hospitality's OPERA Cloud property management system has experienced a remarkable 300% growth in customer adoption over the past six months. Notable new clients include Accor and Wyndham Hotels, contributing to an additional 27,000 rooms across 28 countries. New features announced include a Digital Assistant chatbot and OPERA Cloud for Casino, enhancing operational efficiency and guest services. The platform is designed to meet evolving market needs and supports contactless operations, crucial in the post-pandemic landscape.

Oracle has launched its first cloud region in the Nordics, specifically in Stockholm, to cater to the rising demand for cloud services among private and public sectors. This new region is part of Oracle's expansion plan, aiming for at least 44 cloud regions globally by the end of 2022. The Stockholm facility is designed to support local organizations in managing critical data and applications, enhancing performance and reducing operational costs. Furthermore, it emphasizes sustainability by operating entirely on renewable energy, aligning with Oracle's commitment to powering all cloud regions with 100% renewable energy by 2025.

A survey from Oracle Food and Beverage reveals that while Americans embrace tech-driven food ordering options, it has led to increased impatience. Key findings include that 64% of respondents refuse to wait more than five minutes at a counter or drive-thru, while 71% are unhappy with waits over ten minutes in-house. Notably, 47% believe delivery orders prolong in-person wait times. Despite this impatience, 46% plan to dine out frequently soon, indicating loyalty to their favorite brands. The survey involved over 5,700 global consumers, including 512 from the U.S., and reflects evolving dining preferences.

Oracle announced that Wipro will utilize Oracle Cloud Infrastructure (OCI) for its Cargo Reservations, Operations, Accounting and Management Information System (CROAMIS). This partnership aims to modernize the air cargo sector, addressing rising demand for efficient cargo transportation. Wipro will offer CROAMIS as part of its FullStride Cloud Services, leveraging OCI's superior performance, security, and cost-effectiveness. The application will facilitate automation across various air cargo processes, enhancing operational efficiency and reducing costs.

Oracle Corporation (NYSE: ORCL) reported Q2 fiscal 2022 revenues of $10.4 billion, a 6% increase year-over-year. Cloud services and license support revenues also rose by 6% to $7.6 billion, while cloud and on-premise license revenues surged 13% to $1.2 billion. However, GAAP results showed an operating loss of $824 million attributed to a legal judgment, impacting earnings per share (EPS) to $0.46. Non-GAAP EPS improved 14% to $1.21, exceeding guidance. The board approved a $10 billion share repurchase program and declared a $0.32 quarterly dividend.

Oracle Corporation has announced the release date for its second quarter fiscal year 2022 results, which will be on December 9th after market close. A conference call and live webcast to discuss these results will be held at 4:00 p.m. Central Time. Investors can access the webcast via the Oracle Investor Relations website. The announcement emphasizes Oracle's integrated applications and cloud infrastructure services, reinforcing its position in the technology market.