LAS VEGAS - Oracle has unveiled a series of new artificial intelligence (AI) capabilities within its Oracle Fusion Cloud Applications Suite, designed to enhance productivity across various business functions including finance, supply chain, human resources, sales, marketing, and service. Announced at Oracle CloudWorld on September 11, 2024, these updates are aimed at streamlining complex tasks, automating workflows, and improving decision-making processes for Oracle's customers.
The latest AI enhancements include over 50 new AI agents and a variety of AI tools that offer assistance in authoring, advice, and action recommendations. These advancements are integrated into the Oracle Fusion Applications Suite, providing generative AI capabilities that allow for the automation of end-to-end business processes and personalized insights tailored to specific roles and tasks.
Steve Miranda, Oracle's Executive Vice President of Applications Development, emphasized the company's unique position in offering a fully integrated suite from hardware to applications and infrastructure, which is trusted by leading AI providers. He highlighted that these new AI features are embedded at no extra cost, which can help customers increase the speed and accuracy of business processes, accelerate decision-making, and potentially drive more revenue.
The new AI agents span across Enterprise Resource Planning (ERP), Human Capital Management (HCM), Supply Chain Management (SCM), and Customer Experience (CX). Examples of these AI-driven enhancements include predictive cash forecasting in Oracle Cloud ERP, bespoke skills inventory in Oracle Cloud HCM, and a smart operations workbench in Oracle Cloud SCM. In Oracle Cloud CX, assisted authoring capabilities and next-best-action recommendations based on AI are introduced to improve customer engagement and sales conversions.
Oracle positions itself as the only enterprise vendor offering a fully integrated technology stack, facilitating the rapid adoption of AI innovations. With quarterly updates, Oracle Fusion Applications Suite aims to help organizations adapt to evolving business landscapes.
This announcement is based on a press release statement from Oracle and does not constitute an endorsement of Oracle's products or services. The development, release, timing, and pricing of any features or functionality described remain at the discretion of Oracle Corporation (NYSE:ORCL).
In other recent news, Oracle has introduced over fifty new artificial intelligence (AI) agents to enhance various business functions, including finance, human resources, and supply chain management. The company has also announced a new open skills architecture within its Oracle Dynamic Skills solution, aiming to assist organizations in developing a comprehensive skills-based talent strategy. Additionally, Oracle has launched a new RFID for Replenishment feature within its Oracle Fusion Cloud Supply Chain & Manufacturing suite, targeting improved inventory management for healthcare providers.
In terms of customer experience management, Oracle has unveiled new AI tools within its Oracle Unity Customer Data Platform and introduced new cloud Customer Experience tools for improved B2B buying and selling processes. These recent developments reflect Oracle's ongoing commitment to innovation and the integration of AI into its cloud services.
Financial analysis firm Argus has maintained a Buy rating on Oracle, highlighting strong demand for the company's services. Oracle's management anticipates double-digit revenue growth, primarily driven by cloud revenue. The company's recent collaborations with leading hyperscale cloud providers have enabled it to offer a variety of computing options, catering to diverse customer needs and helping Oracle maintain its significant market share in database software.
InvestingPro Insights
Oracle Corporation (NYSE: ORCL) has been making headlines with its innovative AI capabilities within the Oracle Fusion Cloud Applications Suite. As the company continues to expand its technological offerings, it's important to consider the financial metrics and market performance that underpin its business strategy.
From a financial perspective, Oracle's market capitalization stands at a robust $429.61 billion, reflecting the significant scale of its operations in the global software industry. This is complemented by a solid revenue growth of 5.6% over the last twelve months as of Q1 2023, indicating the company's ability to increase its sales in a competitive market.
InvestingPro Tips highlight that Oracle has a history of rewarding its shareholders, having raised its dividend for 11 consecutive years. This consistent return to investors underscores the company's financial health and commitment to shareholder value.
Moreover, Oracle's recent performance has been noteworthy, with a significant return over the last week, month, and three months. Specifically, the one-week price total return as of late 2024 was 10.76%, while the one-month and three-month returns were 18.04% and 26.19%, respectively. These figures not only illustrate the stock's recent momentum but also suggest investor confidence in the company's direction and growth prospects.
In terms of valuation, Oracle is trading at a high earnings multiple, with a P/E ratio of 40.17. While this might suggest a premium valuation, it is important for investors to consider the company's growth trajectory and industry position when evaluating this metric. As a prominent player in the software industry, Oracle's strategic investments in AI and cloud services could justify its valuation to long-term investors.
For readers interested in deeper analysis, there are additional InvestingPro Tips available at https://www.investing.com/pro/ORCL, providing further insights into Oracle's financial health and market performance. These tips can serve as valuable resources for those looking to make informed investment decisions regarding Oracle Corporation.
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