LAS VEGAS - Oracle has announced collaborations with AWS, Google (NASDAQ:GOOGL) Cloud, and Microsoft (NASDAQ:MSFT) Azure to expand its Oracle Database services on Oracle Cloud Infrastructure (OCI) within their data centers. This strategic move is designed to facilitate customer migrations and application modernizations by providing direct access to Oracle's database services across the leading cloud platforms.
The integration, dubbed Oracle Database@AWS, Oracle Database@Azure, and Oracle Database@Google Cloud, aims to meet the growing demand for Oracle Database services on OCI. Customers will now have the flexibility to combine services from AWS, Google Cloud, Microsoft Azure, and OCI, which Oracle Senior Vice President Karan Batta believes was "unthinkable in the cloud space just a few years ago."
Oracle Database@AWS, launched today at Oracle CloudWorld, offers a unified experience between OCI and AWS. Customers will benefit from simplified database administration and the ability to connect Oracle databases to AWS applications and services, including Amazon (NASDAQ:AMZN) EC2 and AWS Analytics. The service also includes access to Oracle Autonomous Database and Oracle Exadata Database Service, providing a seamless connection and low latency network.
In response to customer demand, Oracle Database@Azure is extending its availability to 15 more regions, with six Azure data centers already operational. The service offers flexibility with options such as pay-as-you-go and custom quotes via private offer.
Furthermore, Oracle Database@Google Cloud is now generally available in four Google Cloud regions, with plans for expansion. This service allows customers to run Oracle's database technologies on OCI within Google Cloud data centers, simplifying the process of cloud purchasing and management.
Oracle's distributed cloud strategy includes a public cloud, dedicated cloud, hybrid cloud, and multicloud solutions, aiming to deliver cloud benefits with greater control and flexibility. The company's latest offerings are seen as a significant step in enhancing its multicloud capabilities.
This expansion is part of Oracle's broader push to provide integrated suites of applications and secure, autonomous infrastructure in the Oracle Cloud. The company advises that the development, release, timing, and pricing of any features or functionality described for Oracle's products may change and remains at the sole discretion of Oracle Corporation (NYSE:ORCL).
The information in this article is based on a press release statement and represents Oracle's current product direction, which is subject to change.
In other recent news, Oracle Corporation has launched an AI supercomputer in collaboration with NVIDIA (NASDAQ:NVDA), touted as the world's largest AI supercomputer in the cloud. The offering is part of Oracle's zettascale cloud computing clusters, promising unprecedented performance capabilities. Furthermore, Oracle has introduced significant enhancements to its Fusion Cloud Suite, including over fifty new AI agents and a new open skills architecture, aimed at streamlining various business functions.
Recent developments also highlight Oracle's unveiling of a new open skills architecture within its Oracle Dynamic Skills solution, part of Oracle Fusion Cloud Human Capital Management. This innovation is designed to facilitate a comprehensive skills-based talent strategy. Oracle also launched a new RFID for Replenishment feature within its Oracle Fusion Cloud Supply Chain & Manufacturing suite, targeting improved inventory management for healthcare providers.
Financial analysis firm Argus maintained a Buy rating on Oracle, citing strong demand for the company's services. Oracle's management anticipates double-digit revenue growth, primarily driven by cloud revenue. These recent developments underscore Oracle's commitment to innovation and the integration of AI into its cloud services.
InvestingPro Insights
Oracle Corporation (NYSE:ORCL) has been making headlines with its strategic collaborations to expand Oracle Database services across major cloud platforms. As investors and industry observers evaluate Oracle's moves, it's crucial to consider some key financial metrics and insights provided by InvestingPro.
InvestingPro Data shows that Oracle has a robust market capitalization of $434.38 billion, reinforcing its position as a prominent player in the software industry. The company's Price/Earnings (P/E) Ratio stands at 39.28, suggesting a high valuation relative to its earnings. This is supported by the adjusted P/E Ratio for the last twelve months as of Q1 2023, which is 37.8. Additionally, Oracle's Revenue Growth for the same period was 5.6%, indicating a steady increase in its top-line performance.
One InvestingPro Tip that stands out is Oracle's consistent dividend history, having raised its dividend for 11 consecutive years. This track record is a positive signal for investors looking for stable returns, especially when considering the company's dividend yield of 1.03% as of the last recorded date in 2024. Moreover, the company has maintained dividend payments for 16 consecutive years, which underscores its commitment to shareholder returns.
Another noteworthy InvestingPro Tip is the analysis suggesting that Oracle's stock is currently in overbought territory, as indicated by the Relative Strength Index (RSI). This could imply that the stock's recent strong performance, with a one-week price total return of 10.76% and a six-month price total return of 37.42%, might prompt investors to exercise caution.
Investors interested in further insights can find additional InvestingPro Tips for Oracle, which delve deeper into the company's financials and market performance. There are 20 more tips listed on InvestingPro, available at https://www.investing.com/pro/ORCL, providing a comprehensive analysis that can help investors make informed decisions.
The financial data and insights from InvestingPro are particularly relevant in light of Oracle's latest initiatives in the cloud space, as they highlight the company's financial health and market valuation, which are key considerations for stakeholders assessing the potential impact of Oracle's multicloud strategy on its future growth and profitability.
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