Oracle Corp Stock Price, News & Analysis

Oracle has launched a National Electronic Health Records (EHR) Database and Public Health Management Applications to support the U.S. COVID-19 vaccination effort. The system enables real-time data access for public health agencies and healthcare providers, facilitating over 500,000 clinical trial registrations. Key features include a Provider Order Portal for vaccine inventory management and an EHR Cloud serving as a central repository for vaccination data. Oracle aims to modernize healthcare systems globally, leveraging its applications to streamline vaccination programs and therapeutic monitoring.

San Francisco State University has transitioned its financial processes to Oracle Fusion Cloud Enterprise Performance Management (EPM), enhancing transparency and flexibility in planning, budgeting, and forecasting. The move, finalized in November 2020, allows SFSU to improve decision-making and adapt to economic changes. This transformation enables efficient scenario modeling, reducing manual tasks, and fostering strategic planning for the future. Oracle's EPM tools are designed to support institutions amid challenges like campus closures, ensuring better insights and forecasts for informed financial decisions.

Oracle has achieved significant recognition in Gartner's 2020 cloud database market reports, with its Autonomous Database scoring highest in all four use cases in the Critical Capabilities for Cloud Database Management Systems for Operational Use Cases. It also topped the Magic Quadrant for Cloud Database Management Systems. The Autonomous Transaction Processing ranked highest in traditional transactions and other operational categories, while the Autonomous Data Warehouse excelled in operational intelligence.

Oracle Corporation (NYSE: ORCL) reported Q2 fiscal 2021 results with total revenues increasing 2% year-over-year to $9.8 billion. Key highlights include cloud services and license support revenue up 4% to $7.1 billion, while cloud and on-premises license revenue dropped 3% to $1.1 billion. GAAP net income rose 6% to $2.4 billion, with GAAP EPS up 16% to $0.80. Oracle opened 13 new datacenters in 2020, aiming for 38 by mid-2021. The board declared a quarterly cash dividend of $0.24 per share, payable on January 21, 2021.

Oracle Corporation will release its second quarter fiscal year 2021 results on December 10th, after market close. A conference call and live webcast will be held at 2:00 p.m. Pacific Time to discuss the financial results. Investors can access the webcast via the Oracle Investor Relations website. This announcement keeps stakeholders informed on ongoing financial performance in light of recent economic trends.

Oracle has launched the MySQL Database Service with an integrated MySQL Analytics Engine on Oracle Cloud Infrastructure (OCI). This unique service allows online transaction processing (OLTP) and online analytics processing (OLAP) on a single platform, enhancing performance and reducing costs. The Analytics Engine accelerates query performance by up to 400 times and is significantly cheaper than competitors like Amazon Redshift. It avoids the need for ETL processes, improving efficiency and security. This offering is available globally across all Oracle Cloud regions.

ChildLife Foundation, a non-profit healthcare organization in Pakistan, has selected Oracle Cloud Infrastructure (OCI) to enhance its hospital management system. This transition will significantly improve application availability and performance while reducing costs, allowing ChildLife to allocate more resources to its mission of providing free emergency healthcare.

With operations in 21 hospitals across Sindh and Baluchistan, ChildLife aims to save numerous lives amid the high rate of preventable deaths among children in Pakistan.

The Tony Blair Institute and Oracle have partnered to implement the Oracle Health Management System in Ghana, Rwanda, and Sierra Leone, enabling digital management of vaccination programs. In just 8 days, over 73,000 vaccinations were recorded in Ghana. The system will support various vaccines including yellow fever and COVID-19, providing a secure cloud database for electronic health records and ensuring data sovereignty. More than 30 other countries are considering adopting this technology, which aims to enhance public health infrastructure and facilitate international vaccination efforts.