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 Corp. reports developments across enterprise database software, cloud infrastructure, and cloud applications for large organizations. News commonly covers Oracle Cloud Infrastructure, Oracle AI Database services, multicloud database integrations, Fusion Cloud applications, NetSuite, and AI features embedded in supply chain, financial services, construction, and healthcare products.
Company updates also address logistics offerings such as Oracle Fusion Cloud Warehouse Management and Oracle Fusion Cloud Transportation Management, Oracle Health interoperability initiatives, data center infrastructure projects, partner integrations, product recognition, and operating and financial results.
Oracle announced a significant legal victory as an Administration Law Judge ruled in its favor, concluding there was no evidence of discrimination against its employees. After four years of litigation, the judge's 200-page decision cleared Oracle of claims regarding intentional compensation discrimination and job classification bias against female and minority employees. Oracle executives expressed gratitude for the ruling, emphasizing the company's commitment to equality and opportunity for all employees. The ruling is expected to have a positive impact on Oracle's reputation and operations moving forward.
Oracle announced the general availability of NVIDIA A100 Tensor Core GPUs on its cloud infrastructure, becoming the first major cloud provider to do so. This innovation enhances performance for data-intensive applications across industries, achieving speeds two-and-a-half to six times faster than previous GPU generations. The new GPU instances allow for seamless high-performance computing with significant memory and storage advantages. Oracle's offerings include automated solutions for AI and media operations, supporting advanced computing needs for enterprises.
Oracle announced the availability of Rescale's cloud HPC simulation platform on Oracle Cloud Infrastructure, enhancing high-performance computing (HPC) capabilities for engineers and scientists. This integration allows enterprise customers to manage critical simulation and analytics applications efficiently, leveraging Oracle's bare-metal compute instances and RDMA networking for low-latency performance. The platform supports over 600 HPC simulation applications, streamlining complex data processing and reducing costs associated with physical prototypes, ultimately improving productivity and faster time to market.
Oracle Corporation (NYSE: ORCL) has been selected as TikTok's secure cloud technology provider, following Zoom's successful integration of its services into Oracle's Public Cloud. TikTok's decision to utilize Oracle's Generation 2 Cloud infrastructure is attributed to its superior speed, reliability, and security compared to other cloud providers. As part of this partnership, Oracle will also become a minority investor in TikTok Global, enabling rapid deployment and enhanced data privacy for TikTok's users. Oracle's advanced security measures are designed to protect sensitive user data.
Oracle has announced the expansion of its Government Cloud with National Security Regions, aimed at supporting the U.S. Intelligence Community and Department of Defense. This initiative includes facilities meeting DISA Impact Level 6 security requirements, featuring strong encryption and in-depth auditing. Oracle's cloud services cater to high-demand classified workloads and comply with major security standards, including FedRAMP High. Currently, Oracle serves top federal agencies and military branches, enhancing its position as a key technology partner for government services.
On September 15, 2020, the District Court for the District of Nevada ruled in favor of Oracle in the case against Rimini Street, granting Oracle's motions for partial summary judgment. The court found that Rimini Street's support practices infringed on at least 17 of Oracle's copyrights. As a result, Rimini Street will be unable to claim damages, while Oracle is set to pursue substantial damages at trial.
Dorian Daley, Oracle's General Counsel, emphasized the significance of the ruling and the intent to seek further damages for Rimini Street's unlawful conduct.
Oracle has announced the general availability of Java 15, continuing its six-month release cadence initiated with Java 10 in 2018. With 69% of developers using Java, this version introduces features like the Edwards-Curve Digital Signature Algorithm (JEP 339) and Hidden Classes (JEP 371). Additionally, features like Text Blocks (JEP 378) and ZGC (JEP 377) are now finalized. The release emphasizes increased developer productivity and is a result of extensive collaboration within the OpenJDK Community. Java remains vital for enterprise application development, with 51 billion active JVMs globally.
Oracle announced that Xactly will use Oracle Cloud Infrastructure as its primary cloud provider to enhance its flagship Incent SaaS application and support global expansion. This multi-year agreement involves migrating critical workloads to Oracle, aiming for improved elasticity and cost-performance. Both companies will collaborate on marketing solutions, enhancing customer experience through better performance, lower costs, and rapid geographic expansion. The sales performance management market grew 14% to $1 billion in 2019, offering potential for Oracle as a key player in supporting Xactly’s scalability.
On September 14, 2020, Oracle announced the launch of Oracle Cloud Guard and Oracle Maximum Security Zones, enhancing cloud security management. These services aim to automate security policy enforcement and monitor configurations effectively, reducing risks for customers. Oracle is the first public cloud provider to offer such capabilities free of additional costs. With increasing cloud adoption and security challenges, these tools are designed to help organizations secure sensitive workloads and improve their security posture seamlessly across Oracle's cloud infrastructure.
Oracle has confirmed its role as a trusted technology provider in the proposal submitted by ByteDance to the U.S. Treasury Department, as stated by Secretary Mnuchin. This partnership aligns with Oracle's 40-year history of delivering secure and efficient technology solutions. The company aims to leverage its expertise to ensure data security and compliance within the framework of this significant proposal.