Oracle Corp Stock Price, News & Analysis

Oracle (NYSE: ORCL) will hold its 2021 Annual Meeting of Stockholders on November 10, 2021, at 1:00 p.m. Central Time, via a live audio webcast. Stockholders as of September 13, 2021, the record date, can participate. Guests may attend but cannot vote or ask questions. Proxy materials with meeting participation and voting instructions are available at www.virtualshareholdermeeting.com/ORCL2021. A recording will be accessible until November 17, 2021.

Oracle, TIM (Telecom Italia), and Noovle have signed a collaboration agreement to deliver multicloud services in Italy. This initiative aims to enhance digital modernization across enterprises and public organizations. Noovle will utilize its data center network, while TIM provides extensive ICT services, and Oracle contributes its next-generation cloud infrastructure. The partnership will focus on enabling operational efficiency and data sovereignty, aligning with Italy's digital transformation efforts, and facilitating the migration of TIM’s critical data management workloads to Oracle Cloud Infrastructure.

A survey by Oracle Communications reveals that 94% of communications service providers (CSPs) face challenges with their current charging systems as they prepare to launch 5G networks by 2022. The study showed that 38% struggle with managing costs and 34% with timely market offerings. CSPs intend to introduce an average of three new 5G-enabled services and plan upgrades to their charging systems within 18 months. Key features desired include cross-network convergence (55%) and cloud-native capabilities (32%).

K-12 school systems in the U.S. are increasingly turning to Oracle Cloud to enhance operational efficiency and resource management amidst budgetary constraints. The adoption of Oracle solutions, including Fusion Cloud HCM and ERP, has enabled schools to streamline processes, reduce costs, and improve staff engagement. Notable implementations include the Allegheny Intermediate Unit, Cherry Creek School District, and Wichita Public Schools, all reporting significant enhancements in HR, finance, and data management. These advancements are crucial as schools adapt to evolving educational needs.

Oracle has introduced new AI governance capabilities in its Financial Services Compliance Studio to aid financial institutions in responsibly implementing AI. These updates aim to address bias and enhance efficiency in anti-money laundering practices. Key features include a visual canvas for model building, interactive testing, model monitoring, and easy sandbox creation for business users. These advancements address the challenges of current compliance processes, which are often manual and error-prone. This partnership with PwC's Model Edge aims to ensure responsible AI usage in the sector.

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Oracle has joined the IoT Community as a Diamond level corporate member and appointed Andrew Morawski to the IoT Community Advisory Board. The IoT Community is the largest group of IoT professionals, focusing on transformative technology adoption. Morawski's experience will contribute to advancing innovation in IoT deployments. Oracle will also present a keynote at the IoT Grand Slam 2021 event on December 10. This partnership aims to enhance collaboration and insights within the IoT landscape, leveraging Oracle's extensive expertise in cloud and communications.

Oracle has launched a new payroll solution, Oracle Payroll Core, designed for Intragovernmental and Nongovernmental organizations (IGOs and NGOs). This solution streamlines payroll management by allowing organizations to configure payroll flexibly, adhering to both international and local pay rules. It simplifies complex payroll operations, including multi-currency payments, and integrates seamlessly with Oracle Cloud HCM for efficient workforce management. The solution aims to reduce errors, save time, and empower employees through self-service functionalities.

Oracle has launched the Exadata X9M platforms, including the Exadata Database Machine X9M and Exadata Cloud@Customer X9M, designed to improve performance for Oracle Database operations. These platforms boost online transaction processing by over 70% and analytics SQL throughput by 87%, while reducing costs for transactional workloads by up to 42% and analytics workloads by 47%. The technology offers sub 19 microsecond latency and positions Oracle as a leader in the database management sector, with a notable reliance from the Global Fortune 100.