Welcome to our dedicated page for Oracle news (Ticker: ORCL), a resource for investors and traders seeking the latest updates and insights on Oracle stock.
Oracle Corporation (ORCL) is a global software publisher and cloud technology company whose activities generate frequent, detailed news coverage. Oracle’s own releases emphasize its integrated suites of applications and secure, autonomous infrastructure in the Oracle Cloud, along with specialized platforms for healthcare, government, retail, hospitality, and utilities. This news page aggregates such company‑driven announcements and related market updates for investors and followers of ORCL stock.
Visitors can expect news on financial results and capital markets actions, such as Oracle’s Form 8‑K filings describing quarterly earnings press releases, cash dividend declarations, and the issuance of senior notes for general corporate purposes. Oracle also publishes updates on its cloud applications and AI capabilities, including Oracle Fusion Cloud Applications, Oracle AI Database services, and multicloud offerings like Oracle Database@Google Cloud, which connect Oracle databases with external analytics and AI platforms.
Another recurring theme in Oracle’s news is industry‑specific deployments. Recent announcements describe healthcare organizations adopting Oracle Fusion Cloud Applications and Oracle Health solutions, municipalities selecting Oracle Permitting and Licensing to modernize regulatory services, retailers using Oracle Retail Supply Chain Collaboration, and utilities implementing Oracle Utilities Customer Platform and the Opower engagement platform. Hospitality‑focused news includes enhancements to Oracle Payments for guest experiences and charitable giving at checkout.
By following this ORCL news feed, readers can monitor Oracle’s product launches, AI and cloud initiatives, sector‑focused customer wins, and governance‑related disclosures referenced in its SEC filings. Bookmark this page to review new Oracle press releases and regulatory updates as they are published and to understand how Oracle’s technology and corporate actions evolve over time.
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.
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Oracle's latest Retail survey reveals that holiday shopping is lagging, with 66% of Americans less than halfway done. This contrasts with a September survey where 52% had started shopping. Concerns over supply chain issues are prevalent, particularly regarding Christmas trees, with 22% fearing scarcity and high costs. The survey indicates a potential surge in retail activity post-Thanksgiving. Key findings include that 30% of respondents have done minimal shopping, and 18% report higher prices due to supply chain disruptions.
A recent survey reveals that 23% of Americans have started shopping for Thanksgiving groceries early due to ongoing supply chain issues, with 35% planning to shop sooner than usual. Concerns about turkey availability and pricing were noted, with 20% worried they may not find the right size or type. Despite challenges, 70% of respondents intend to cook at home, with a mix of in-store and online grocery shopping. Oracle emphasizes the need for retailers to adapt to changing consumer behaviors to manage inventory effectively during this holiday season.
Oracle announced that SoundHound Inc has chosen Oracle Cloud Infrastructure (OCI) as its strategic cloud provider to support its voice AI platform. This partnership aims to enhance performance and reduce costs as SoundHound processes billions of queries, with the number of monthly queries expected to exceed 1 billion in 2021 alone. The migration to OCI will aid SoundHound's global expansion and boost service availability to customers. Notably, SoundHound has doubled its query traffic to over 100 million in six months, emphasizing its rapid growth.
Oracle unveils an immersive virtual reality exhibit, "FUTURES," at the Smithsonian's Arts and Industries Building, starting November 20, 2021. The exhibition explores energy usage from 1850 to 2050, highlighting conservation and the collective role in achieving a sustainable energy future. Visitors engage through games and actions to understand energy choices that can reduce carbon footprints. Running until July 6, 2022, the project emphasizes the importance of individual actions alongside renewable energy policies in combating climate change.