Oracle Press Releases

Subscribe to Oracle Press Releases feed Oracle Press Releases
All Oracle Press Releases
Updated: 17 hours 23 min ago

Oracle Financial Services and Numerix to Leverage Cross Asset Analytics in Oracle FRTB Compliance Solution

Tue, 2017-03-21 07:00
Press Release
Oracle Financial Services and Numerix to Leverage Cross Asset Analytics in Oracle FRTB Compliance Solution Oracle to deploy Numerix analytics in new solution to help customers comply with the Bank for International Settlements fundamental review of the trading book capital requirements

Oracle Industry Connect, Orlando, Fla.—Mar 21, 2017

Oracle Financial Services Analytical Applications (OFSAA) has announced a collaboration with Numerix, provider of innovative capital markets technology, to develop and bring to market solutions that enable financial institutions to comply with the Fundamental Review of the Trading Book (FRTB). The offering implements complementary solutions from both Numerix and Oracle to effectively meet the regulatory and business challenges accompanying the new FRTB framework.

“By working with Numerix, we are able to offer the best of both worlds: a comprehensive solution that helps financial institutions meet the computational and business challenges in FRTB compliance,” explains Ambreesh Khanna, Group Vice President and General Manager for Oracle Financial Services. “To develop the highest quality solutions for our customers, Oracle always seeks to work with the best and brightest.”

With the objective of improving the design and coherence of capital standards, the FRTB framework issued by the Bank for International Settlements has introduced fundamental changes in the capital calculation process. Banks are now required to make a significant investment in models and technologies to comply with changes by the end of 2019.

Oracle’s capabilities in financial risk, data management and regulatory reporting, underpinned with deep expertise and analytics from Numerix, will enable financial institutions to meet these new FRTB framework challenges effectively. The collaboration will employ Numerix solutions for mark-to-market, Greeks, market risk and counterparty credit risk. Key features of the offering include:

  • Comprehensive cover of all FRTB requirements, including profit and loss attribution, back-testing, risk factor identification, stress period identification and risk computations
  • Pre-configured methods for computing expected shortfall, CVA capital charge, default risk charge, stress expected shortfall and standardized approach
  • Industry-standard library of models and methods, spanning all asset classes (fixed income, equities, FX, credit, commodities, energy, inflation and hybrids)
  • Full integration with OFSAA’s data foundation and reporting capabilities

“At Numerix we’re proud of the diverse and dynamic ways that the Numerix model library and pricing architecture is integrated into other systems, such as Oracle’s. Combined expertise across the financial services industry ensures end users have the most comprehensive suite of capabilities at their fingertips,” said Steve O’Hanlon, CEO of Numerix. “As one of the industry’s most sophisticated model and pricing library, Numerix technology can easily be used in a wide range of solutions including for FRTB compliance. We’re proud to support Oracle with our world class analytics as they expand their capital markets applications and risk reporting solutions for FRTB.”

Contact Info
Alex Moriconi
Oracle
+1.650.722.0678
alex.moriconi@oracle.com
Emily Jean-Pierre
Numerix
+1.646.898.1294
ejeanpierre@numerix.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

About Numerix

Numerix is the leading provider of innovative capital markets technology solutions and real-time intelligence capabilities for trading and risk management. Committed to out-of-the box thinking, the exploration and adoption of latest technologies, Numerix is dedicated to driving a more open, fintech oriented, digital financial services market. Built upon a 20+ year analytical foundation of deep practical knowledge, experience and IT understanding, Numerix is uniquely positioned in the financial services ecosystem to help its users reimagine operations, modernize business processes and capture profitability. For more information please visit www.numerix.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Alex Moriconi

  • +1.650.722.0678

Emily Jean-Pierre

  • +1.646.898.1294

Oracle and the American Institute of CPAs Unveil the New Operating Model for Agile Finance

Mon, 2017-03-20 07:00
Press Release
Oracle and the American Institute of CPAs Unveil the New Operating Model for Agile Finance New report helps CFOs manage digital transformation initiatives by providing detailed insights into best practices of agile finance leaders

Redwood Shores, Calif.—Mar 20, 2017

To help management accountants and finance professionals successfully navigate the business and technology changes that are transforming the finance function, Oracle and the American Institute of CPAs (AICPA) today released a new report that details the blueprint for modern finance. The report, Agile Finance Revealed: The New Operating Model for Modern Finance, identifies the traits of agile finance leaders and benchmarks their success in creating a dynamic new operating model that is resilient, responsive, and predictive, helping CFOs and their finance teams to shape the future of the business.

“With so much data at their disposal, CFOs must embrace a new operating model for modern finance,” said John Windle, FCMA, CGMA, chief financial officer at the Association of International Certified Professional Accountants. “This means they must effectively use cloud and digital technologies as well as ensure that their finance staff develops a broader skill set that includes strong analytical and business partnering skills.”

Based on an extensive survey of senior finance executives and in-depth interviews with CFOs who have already embraced new operating models, the report found that the finance function must be transformed in order to remain relevant in a business environment that is increasingly defined by rapid, unpredictable, and constant change. According to the report findings, only 38 percent of respondents are currently agile finance leaders. To help CFOs and their teams meet the demands of this rapidly changing business environment, the report outlines the key attributes necessary for the successful implementation of a new operating model for finance:

  • Cross-functional, integrated teams: Centralized shared services or centers of excellence that are empowered by cloud and digital technologies like robotic process automation and machine learning to drive efficiency in accounting services and improve overall business performance.
  • Expertise in digital technologies: Use of new technologies such as big data analytics and artificial intelligence (AI) expand the Financial Planning & Analysis (FP&A) role to be more predictive and enable it to generate the insights organizations need to develop innovative strategies that will drive higher performance.
  • New non-traditional finance skillsets: Expertise in statistics, data analysis, data visualization, and business partnering to support rapid decision-making and new performance management models.

“At Oracle, we believe that digital transformation brings companies into the future, and it enables them to be more competitive,” said Ivgen Guner, senior vice president, Global Business Finance, Oracle. “We also believe that the cloud gives CFOs an opportunity to restructure their current operating models to support new business models and more agile ways of working. The scale of these changes can be daunting and that’s why we worked closely with the American Institute of CPAs to develop a clear and actionable blueprint for modern finance that enables CFOs and their finance teams to lead digital transformation—not just react to it.”

The report found that while some major organizations have already made the transformation to the new operating model for modern finance, more than 80 percent of organizations are still in the process of implementing the required initiatives. The report also revealed that more than a third (36 percent) of finance leaders believe the current skill set of the finance function is too narrow and nearly a half (42 percent) said they need more data analytics skills if they are to deliver more forward-looking analysis for the business. To identify what sets agile finance leaders apart, the report examined how these leaders differ from those who are less advanced in their transformation journey in terms of structure, systems, and skills.

  • Implementing New Organizational Structures: Agile finance leaders significantly outstrip others in fully implementing the structural and systems elements of the new operating model. They are more likely to have migrated their end-to-end processes to shared service centers (41 percent vs. 13 percent) and to have a fully implemented cloud ERP (45 percent vs. 17 percent).
  • Technology Centralization: These leaders are also much more likely to have set up centers of excellence to handle areas that are most important for modern finance like FP&A (81 percent vs. 56 percent) and financial skills development (54 percent vs. 32 percent).
  • New Skills for the Finance Function: Agile finance leaders are also more likely to rate the skills of their finance function as ‘excellent’, particularly when it comes to newer, less traditional finance skills like data visualization (60 percent vs. 24 percent), big data expertise (60 percent vs. 21 percent), and influencing skills (55 percent vs. 23 percent).

The report includes insights from 483 senior finance executives in large businesses or other organizations across the U.S. and Canada, including five key industries: financial services, manufacturing, retail, healthcare and finance. It also includes insights from CFOs from a range of organizations including GE Digital, Arby’s, HSBC Global Services Companies, Vanderbilt University, Rutgers University, and Wake Forest Baptist Medical Center.

Contact Info
Joann Wardrip
Oracle
+1.650.607.1343
joann.wardrip@oracle.com
About the American Institute of CPAs (AICPA)

The American Institute of CPAs (AICPA) is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants (CIMA), it has established the Chartered Global Management Accountant (CGMA) designation, which sets a new standard for global recognition of management accounting.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ. Media representatives are invited to visit the AICPA Press Center at aicpa.org/press.

About the Association of International Certified Professional Accountants

The Association of International Certified Professional Accountants (the Association) is the most influential body of professional accountants, combining the strengths of the American Institute of CPAs (AICPA) and The Chartered Institute of Management Accountants (CIMA) to power opportunity, trust and prosperity for people, businesses and economies worldwide. It represents 650,000 members and students in public and management accounting and advocates for the public interest and business sustainability on current and emerging issues. With broad reach, rigor and resources, the Association advances the reputation, employability and quality of CPAs, CGMAs and accounting and finance professionals globally.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Joann Wardrip

  • +1.650.607.1343

Oracle Unveils Latest Innovations in Oracle Prime Projects Cloud Service

Mon, 2017-03-20 07:00
Press Release
Oracle Unveils Latest Innovations in Oracle Prime Projects Cloud Service New Lean Construction and Capital Improvement Program capabilities enhance Oracle Construction and Engineering’s comprehensive project success platform

Oracle Industry Connect, Orlando, Fla.—Mar 20, 2017

Oracle today announced the latest innovations to Oracle Prime Projects Cloud Service, Oracle Construction and Engineering’s powerful project success platform.

The new Oracle Prime Projects capabilities, Oracle Lean Scheduling Solution and Oracle Capital Improvement Program Solution, add innovative project execution and capital planning features to Oracle Construction and Engineering’s suite of cloud solutions. Oracle Prime Projects enables users to manage all aspects of the project lifecycle from ideation to execution to delivery.

By providing real-time visibility into project cost, schedules, risk, and performance information, Oracle Prime Projects empowers stakeholders to make better decisions and deliver better outcomes across all stages of the project lifecycle. The cloud suite is mobile ready, offers built-in analytics, and features robust workflows and social tools to enable rich, real-time collaboration on mission-critical activities.

Oracle Lean Scheduling Solution

Oracle Lean Scheduling is a unique,-purpose-built cloud solution that integrates both critical path method (CPM) and Lean scheduling methods into a single, integrated engineering and construction production system. The solution simplifies the scheduling processes required to bridge the gap between CPM master schedulers and last planners, connecting the field office with the enterprise. The solution also breaks down similar silos in product manufacturing, connecting processes and data in an integrated system to optimize engineer-to-order and other complex manufacturing methods. Oracle Lean Scheduling is built to complement the power of Oracle’s industry-leading Primavera P6 Enterprise Project Portfolio Management platform, offering unmatched coordination, commitment, and community for engineering and construction projects, programs, and enterprises.

Oracle Capital Improvement Program Solution (Oracle CIP)

With a growing backlog of infrastructure demands and shrinking budgets, many public entities struggle to decide where to allocate scarce resources for the greatest impact. Oracle Capital Improvement Program leverages cloud architecture to help eliminate data silos and facilitate collaborative tasks across departments, improving enterprise decision making for customers such as cities, counties, airports, and school districts. Robust workflows and reporting capabilities enable organizations to automate, integrate and simplify steps in their multi-year portfolio planning and budgeting process. These process improvements help public entities better identify, prioritize, and plan their capital portfolios in a transparent, credible, and coordinated manner.

“Oracle Prime Projects provides organizations of any size with an easy-to-use, integrated cloud platform to manage the myriad complex processes associated with planning, building, and operating critical assets,” said Mike Sicilia, senior vice president and general manager of Oracle Construction and Engineering. “These latest innovations address key customer challenges and enhance the power of the Oracle Prime Projects platform to deliver superior outcomes in the cloud.”

For more information about Oracle Construction and Engineering, please visit http://bit.ly/2lTU3Zr.

Contact Info
Judi Palmer
Oracle
+1.650.784.7901
judi.palmer@oracle.com
Kris Reeves
Blanc & Otus PR for Oracle
+1.415.856.5145
kreeves@blancandotus.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Judi Palmer

  • +1.650.784.7901

Kris Reeves

  • +1.415.856.5145

Theo & Philo Sweetens Business Operations with NetSuite Cloud ERP

Thu, 2017-03-16 09:54
Press Release
Theo & Philo Sweetens Business Operations with NetSuite Cloud ERP Social Enterprise Expands Internationally and Aids Filipino Nonprofit with NetSuite

San Mateo, Calif. and Makati City, Philippines—Mar 16, 2017

Oracle NetSuite Global Business Unit, one of the industry's leading providers of cloud financials/ERP and omnichannel commerce software suites and a wholly-owned subsidiary of Oracle, today announced that Theo & Philo, a bean-to-bar maker of single-origin Philippine artisanal chocolate, replaced QuickBooks and numerous Excel spreadsheets with NetSuite to gain scalability and flexibility to power its growth.

Since going live on NetSuite in November 2015, Theo & Philo has been using NetSuite for accounting, inventory management, order management, invoicing and purchasing – all within one cloud ERP system. With NetSuite, Theo & Philo is able to better plan and manage sourcing, production and distribution and increase efficiency while saving both time and money compared to the error-prone manual work required by their previous software and paper-based processes.

Founded in 2010, Theo & Philo (www.theoandphilo.com) grew steadily offering more than a dozen varieties of premium, locally-sourced chocolate products. As production volume soared 700 percent to about 14,000 bars a month, the organization faced challenges keeping pace with its previous system and inventory management was handled manually and tracked on paper.

“NetSuite is an integral part of our day-to-day operations and a scalable platform for our continued growth,” Theo and Philo Founder Philo Chua said. “We’re a lot more efficient and, as we grow, the automated process flows and checks and balances that we need are already in place within NetSuite.”

Through its continued global growth and success, Theo & Philo, a social enterprise and grantee of the NetSuite Citizenship software donation program, has been able to help improve social welfare in the Philippines in partnership with Gawad Kalinga, a nonprofit organization committed to ending poverty for 5 million Filipino families by 2024.

The features and benefits that Theo & Philo has been able to achieve with NetSuite include:

  • International growth. Theo & Philo has expanded sales to foreign distributors in recent months, using NetSuite’s multi-currency capabilities for transactions in the Euro for Germany and the U.S. dollar for Japan.
  • Real-time access. Compared to the limitations of its previous QuickBooks desktop application, Theo & Philo now enjoys anywhere, anytime cloud-based capable access to NetSuite with no need for on-premise software and servers.
  • Streamlined inventory and distribution. Real-time data has helped Theo & Philo control inventory and accelerate production and distribution with visibility that helps spotlight issues and areas for improvement.
  • Flexible customizations. Leveraging the NetSuite SuiteCloud Platform, Theo & Philo can adapt NetSuite to unique business needs, for instance, a customization by Tech for Good, a PGE Solutions sister company, enables the company to seamlessly manage consignment inventory and associated sales orders.
  • Future-proofed for growth. As a unified suite, NetSuite offers Theo & Philo functionality for CRM, ecommerce, product assembly, lot tracking and more as the social enterprise continues to grow.
Contact Info
Christine Allen
Public Relations, Oracle NetSuite Global Business Unit
603-743-4534
PR@netsuite.com
About Oracle NetSuite Global Business Unit

Oracle NetSuite Global Business Unit, a wholly-owned subsidiary of Oracle, pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the Internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP) and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit www.netsuite.com.

Follow Oracle NetSuite Global Business Unit’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Christine Allen

  • 603-743-4534

Hearst Selects Oracle Cloud to Fuel Transformation and Business Growth of Its More Than 360 Businesses

Wed, 2017-03-15 16:00
Press Release
Hearst Selects Oracle Cloud to Fuel Transformation and Business Growth of Its More Than 360 Businesses Diversified media leader to benefit from depth and breadth of Oracle’s secure, scalable, and unified cloud solutions to support global growth

Redwood Shores, Calif.—Mar 15, 2017

Oracle today announced that Hearst, one of America’s largest diversified media, information, and services companies with more than 360 businesses, has selected Oracle Cloud to provide its multitude of businesses with a common innovation platform to accelerate business growth and global expansion. With Oracle Cloud, Hearst will streamline, simplify, and standardize business processes across finance, procurement, and HR organizations and provide an intuitive, insightful, and engaging experience to its employees.

Part of a larger strategy to transform Hearst via cloud applications includes the company’s digital transformation program, dubbed Project UniFi. It will take advantage of integrated Oracle Enterprise Resource Planning (ERP) Cloud, Oracle Enterprise Performance Management (EPM) Cloud, and Oracle Human Capital Management (HCM) Cloud solutions to deliver a modern, unified technology platform for accurate and up-to-date insight to drive timely decision making and achieve agility.

“Our enterprise portfolio of businesses and investments needs a strong, common foundation to efficiently integrate Hearst’s diverse properties and future acquisitions,” said Bill Kager, vice president of finance, Hearst. “Oracle’s Cloud solutions will provide approximately 20,000 Hearst employees with human capital management, finance, and planning capabilities that will allow them to better communicate and execute their jobs.”

Beginning with the U.S., Canada, and the U.K., the digital transformation program will subsequently extend globally, allowing for seamless incorporation of acquisitions and future growth. Oracle ERP Cloud and Oracle EPM Cloud will allow Hearst to manage finances with a consolidated view into business operations via powerful visualizations and reporting analytics for insightful decision making and integrated planning and budgeting.

Oracle HCM will provide a global common model for HR processes reducing manual and duplicative efforts and ensuring tight HR process integration to drive complete and impactful reporting and analytics on Hearst’s diverse employee base. New employees will enjoy a superior onboarding experience, while everyone will get access to a simple, scalable, and intuitive user experience with mobile and self-service capabilities.

“We are very pleased to have a trend setting company such as Hearst join our fast-growing community of Oracle cloud customers who are achieving transformative business outcomes with one of the industry’s most complete, secure, and connected set of enterprise-grade cloud applications,” said Steve Miranda, executive vice president of applications development. “Our innovative, best-of-breed ERP and HCM cloud solutions are uniquely positioned to spur agility and innovation while driving business value and supporting global growth.”

Oracle delivers the industry’s broadest suite of enterprise-grade cloud services, including Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Data as a Service (DaaS).

Contact Info
Joann Wardrip
Oracle
+1.650.607.1343
joann.wardrip@oracle.com
Paul Luthringer
Hearst
+1.212.649.2540
paul@hearst.com
About Hearst

Hearst is one of the nation's largest diversified media, information and services companies with more than 360 businesses. Its major interests include ownership in cable television networks such as A&E, HISTORY, Lifetime and ESPN; majority ownership of global ratings agency Fitch Group; Hearst Health, a group of medical information and services businesses; 30 television stations such as WCVB-TV in Boston and KCRA-TV in Sacramento, Calif., which reach a combined 19 percent of U.S. viewers; newspapers such as the Houston Chronicle, San Francisco Chronicle and Albany Times Union, nearly 300 magazines around the world including Cosmopolitan, ELLE, Harper's BAZAAR and Car and Driver; digital services businesses such as iCrossing and KUBRA; and investments in emerging digital and video companies such as BuzzFeed, Vice, Complex Networks and AwesomenessTV. Follow us on Twitter @HearstLive. and @Hearst, and subscribe to Hearstlink.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Joann Wardrip

  • +1.650.607.1343

Paul Luthringer

  • +1.212.649.2540

Q3 FY17 GAAP EPS UP 6% TO $0.53 and NON-GAAP EPS UP 7% TO $0.69

Wed, 2017-03-15 14:27
Press Release
Q3 FY17 GAAP EPS UP 6% TO $0.53 and NON-GAAP EPS UP 7% TO $0.69 Q3 FY17 SaaS and PaaS Cloud Revenues Up 73% on a GAAP Basis and Up 85% on a Non-GAAP Basis

Redwood Shores, Calif.—Mar 15, 2017

Oracle Corporation (NYSE: ORCL) today announced fiscal 2017 Q3 results. Total Revenues were $9.2 billion, up 2% in U.S. dollars and up 3% in constant currency. Non-GAAP Total Revenues were $9.3 billion, up 3% in U.S. dollars and up 4% in constant currency. Cloud software as a service (SaaS) and platform as a service (PaaS) revenues were $1.0 billion, up 73% in U.S. dollars and up 74% in constant currency. Non-GAAP SaaS and PaaS revenues were $1.1 billion, up 85% in U.S. dollars and up 86% in constant currency. Total Cloud Revenues, including infrastructure as a service (IaaS), were $1.2 billion, up 62% in U.S. dollars and up 63% in constant currency. Total Cloud and On-Premise Software Revenues were $7.4 billion, up 4% in U.S. dollars and up 5% in constant currency.

Operating Income was $3.0 billion and Operating Margin was 32%. Non-GAAP Operating Income was $3.9 billion, up 3% in U.S. dollars and up 4% in constant currency, and non-GAAP Operating Margin was 43%. Net Income was $2.2 billion while non-GAAP Net Income was $2.9 billion, up 6% in U.S. dollars and up 7% in constant currency. Earnings Per Share was $0.53, while non-GAAP Earnings Per Share was $0.69, up 7% in U.S. dollars. Without the impact of the U.S. dollar strengthening compared to foreign currencies, Oracle’s reported GAAP Earnings Per Share would have been 1 cent higher.

Short-term deferred revenues were $7.4 billion, up 7% in U.S. dollars and constant currency compared with a year ago. Operating cash flow on a trailing twelve-month basis was $13.5 billion.

“The hyper-growth we continue to experience in the cloud has rapidly driven both our SaaS and PaaS businesses to scale,” said Oracle CEO, Safra Catz. “On an annualized non-GAAP basis, our total cloud business has reached the $5 billion mark, and our SaaS and PaaS businesses grew at the astonishing rate of 85% in Q3. That growth and the resulting scale enabled our SaaS and PaaS businesses to increase non-GAAP gross margins to 65%. Our new, large, fast growing, high-margin cloud businesses are driving Oracle’s total revenue and earnings up and improving nearly every important non-GAAP business metric you care to inspect; total revenue is up, margins are up, operating income is up, net income is up, EPS is up. Take a look. Q3 was a very strong quarter.”

“Over the last year, we sold more new SaaS and PaaS than Salesforce.com, and we’re growing more than 3 times faster,” said Oracle CEO, Mark Hurd. “If these trends continue, where we are selling more SaaS and PaaS in absolute dollars AND growing dramatically faster, it’s just a matter of when we catch and pass Salesforce.com in total cloud revenue.”

“Both our SaaS and PaaS businesses are doing great, but I’m even more excited about our second generation IaaS business,” said Oracle Chairman and CTO, Larry Ellison. “Our new Gen2 IaaS is both faster and lower cost than Amazon Web Services. And now our biggest customers can run their largest and most demanding Oracle database workloads in the Oracle Cloud—something that is absolutely impossible to do in the Amazon Cloud.”

Oracle also announced that its Board of Directors declared a quarterly cash dividend of $0.19 per share of outstanding common stock, reflecting a 27% increase over the current quarterly dividend of $0.15. Larry Ellison, Oracle’s Chairman of the Board, Chief Technology Officer and largest stockholder, did not participate in the deliberation or the vote on this matter. This increased dividend will be paid to stockholders of record as of the close of business on April 12, 2017, with a payment date of April 26, 2017.

Q3 Fiscal 2017 Earnings Conference Call and Webcast

Oracle will hold a conference call and webcast today to discuss these results at 2:00 p.m. Pacific. You may listen to the call by dialing (816) 287-5563, Passcode: 425392. To access the live webcast, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. In addition, Oracle’s Q3 results and Fiscal 2017 financial tables are available on the Oracle Investor Relations website.

A replay of the conference call will also be available by dialing (855) 859-2056 or (404) 537-3406, Passcode: 83283985.

Contact Info
Ken Bond
Oracle Investor Relations
+1.650.607.0349
ken.bond@oracle.com
Deborah Hellinger
Oracle Corporate Communciations
+1.212.508.7935
deborah.hellinger@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE: ORCL), visit www.oracle.com or contact Investor Relations at investor_us@oracle.com or (650) 506-4073.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

"Safe Harbor" Statement

Statements in this press release relating to Oracle's future plans, expectations, beliefs, intentions and prospects, including statements regarding our growth in SaaS, PaaS and total cloud revenue and expected future sales compared to competitors are all "forward-looking statements" and are subject to material risks and uncertainties. Many factors could affect our current expectations and our actual results, and could cause actual results to differ materially. We presently consider the following to be among the important factors that could cause actual results to differ materially from expectations: (1) Our cloud computing strategy, including our Oracle Cloud SaaS, PaaS, IaaS and data as a service offerings, may not be successful. (2) If we are unable to develop new or sufficiently differentiated products and services, or to enhance and improve our products and support services in a timely manner or to position and/or price our products and services to meet market demand, customers may not buy new software licenses, cloud software subscriptions or hardware systems products or purchase or renew support contracts. (3) If the security measures for our software, hardware, services or Oracle Cloud offerings are compromised or if such offerings contain significant coding, manufacturing or configuration errors, we may experience reputational harm, legal claims and financial exposure. (4) We may fail to achieve our financial forecasts due to such factors as delays or size reductions in transactions, fewer large transactions in a particular quarter, fluctuations in currency exchange rates, delays in delivery of new products or releases or a decline in our renewal rates for support contracts. (5) Our international sales and operations subject us to additional risks that can adversely affect our operating results, including risks relating to foreign currency gains and losses. (6) Economic, geopolitical and market conditions, including the continued slow economic recovery in the U.S. and other parts of the world, can adversely affect our business, results of operations and financial condition, including our revenue growth and profitability, which in turn could adversely affect our stock price. (7) We have an active acquisition program and our acquisitions may not be successful, may involve unanticipated costs or other integration issues or may disrupt our existing operations. A detailed discussion of these factors and other risks that affect our business is contained in our U.S. Securities and Exchange Commission (SEC) filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or by contacting Oracle Corporation's Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on Oracle’s Investor Relations website at http://www.oracle.com/investor. All information set forth in this press release is current as of March 15, 2017. Oracle undertakes no duty to update any statement in light of new information or future events. 

Talk to a Press Contact

Ken Bond

  • +1.650.607.0349

Deborah Hellinger

  • +1.212.508.7935

Oracle Unveils Oracle US Tennis Awards for Young Professionals

Tue, 2017-03-14 11:00
Press Release
Oracle Unveils Oracle US Tennis Awards for Young Professionals Grants to assist former collegiate players in their pro careers

Indian Wells, Calif.—Mar 14, 2017

Oracle Corp. today announced the creation of the Oracle US Tennis Awards, player grants that are to be awarded annually at the BNP Paribas Open to assist young American players as they transition from college into the professional ranks.

The two $100,000 grants are to be awarded each year at the BNP Paribas Open to a male and female professional who have demonstrated exemplary sportsmanship and an aptitude for success on the pro tour. They must have played collegiate tennis prior to turning professional.

“Making the transition from college to the professional ranks is a real challenge,” said Oracle CEO Mark Hurd. “We hope these awards will provide young players with support to develop their games and improve their mental and physical fitness. Our goal is to grow the program and we invite input and support from other companies who are committed to U.S. athletics.”

The awards will be administered by the Intercollegiate Tennis Association, the governing body of college tennis.

“The ITA is proud of our partnership with Oracle,” said ITA CEO Timothy Russell. “Together we are growing the brand of college tennis and enhancing student-athlete experiences, and in doing so helping to return the leaders of tomorrow in America and around the world.”

Recipients will be selected by the newly created Oracle US Tennis Awards Advisory Council, a six-member body that includes individuals committed to the growth and improvement of American tennis. The inaugural members of the Advisory Council are:

  • Chris Evert: Former singles world No. 1; current ESPN tennis commentator; co-founder of Evert Tennis Academy.
  • Ilana Kloss: Former singles world No. 19; commissioner of Mylan World Team Tennis.
  • Peggy Michel: three-time grand slam doubles champion; played college tennis at Arizona State; current Assistant Tournament Director & Vice President of Sales at the BNP Paribas Open.
  • Dr. Timothy Russell: CEO ITA; college educator for three decades.
  • Martin Blackman: General Manager, USTA Player Development; played college tennis at Stanford.
  • Todd Martin: former singles world #4; CEO International Tennis Hall of Fame and Tournament Director, Dell Technologies Hall of Fame Open; played college tennis at Northwestern University.

“The transition into professional tennis is a great challenge that I experienced myself. The grants will be a great help to these young athletes,” said Todd Martin. “It’s great to see a company like Oracle step up to support American tennis.”

Added Chris Evert: “The people at Oracle understand that becoming a top player requires a strong support system. We are confident that these awards will help some young players through those daunting early years on the tour.”

Contact Info
Deborah Hellinger
Oracle
212.508.7935
deborah.hellinger@oracle.com
Dan Johnson
ITA
303.579.4878
djohnson@itatennis.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

About The ITA

The Intercollegiate Tennis Association (ITA) is committed to serving college tennis and returning the leaders of tomorrow. As the governing body of college tennis, the ITA oversees men's and women's varsity tennis at NCAA Divisions I, II and III, NAIA and Junior/Community College divisions. The ITA administers a comprehensive awards and rankings program for men's and women's varsity players, coaches and teams in all divisions, providing recognition for their accomplishments on and off the court. For more information on the ITA, visit the ITA website at www.itatennis.com, like the ITA on Facebook or follow @ITA_Tennis on Twitter and Instagram.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Deborah Hellinger

  • 212.508.7935

Dan Johnson

  • 303.579.4878

Oracle Brings Together Customer Experience Industry Leaders at Modern Customer Experience 2017

Tue, 2017-03-07 07:00
Press Release
Oracle Brings Together Customer Experience Industry Leaders at Modern Customer Experience 2017 Event for marketing, commerce, sales and service professionals provides insights necessary to meet the expectations of modern consumers and drive meaningful business results.

Redwood Shores, Calif.—Mar 7, 2017

To help customer experience professionals drive sustainable differentiation and deliver predictable and tangible business results, Oracle will host Modern Customer Experience 2017 in Las Vegas, Nevada, April 25-27. Held at the Mandalay Bay Resort, Modern Customer Experience 2017 helps attendees understand today’s empowered customers and implement modern best practices in marketing, sales, service and commerce. The event provides insights into real-world business transformation initiatives and demonstrates innovations that push the boundaries of traditional customer experience management approaches.

Empowered customers are accelerating change in all industries and forcing organizations to rethink traditional business models. Modern Customer Experience 2017 helps business leaders from across marketing, sales and customer service successfully manage these changes and leverage new digital technologies to lead successful business transformation within their organizations. To personalize the experience for attendees, Modern Customer Experience 2017 includes dedicated marketing, sales, service and commerce sessions that feature inspiring business transformation stories, hands-on workshops, small breakout sessions, product demonstrations and networking opportunities.

  • Modern Marketing Experience: Helps attendees create innovative marketing strategies to drive revenue. Sessions provide insights from experts and end-users into data-driven marketing, marketing automation, cross-channel marketing, mobile marketing, and account-based marketing. Modern Marketing Experience also includes the 2017 Markie Awards, which showcase examples of excellence in modern marketing, scheduled for Tuesday, April 25th at 7:00 p.m. PT.
  • Modern Sales Experience: Helps attendees embrace modern sales best practices to drive profitability in their organizations. Sessions provide insights from thought leaders and industry insiders into modern sales and business transformation, the future direction of the sales ecosystem, and how to build a unified sales and service approach.
  • Modern Service Experience: Provide attendees with insights into next generation customer service that help businesses create sustainable differentiation. Sessions include best practices to support organic channels and knowledge-driven, personalized customer service strategies as well as guidance on how to deliver pro-active, self-solving service powered by the Internet of Things (IoT), robotics and artificial intelligence.
  • Modern Commerce Experience: Helps attendees meet the demand for a seamless customer experience and drive digital revenues. Sessions provide actionable insights into the shift to mobile, omni-channel experience strategies, innovations in payments and the key components and drivers of customer loyalty.

“Innovations in social, mobile and cloud have fundamentally changed the way consumers interact with brands and this is just the beginning as a new wave of technologies such as artificial intelligence and the Internet of Things reach the mainstream,” said Des Cahill, vice president and head CX Evangelist, Oracle. “These changes are creating evermore empowered customers that are forcing organizations to rethink traditional approaches to customer experience management. That’s why we’re bringing together over 3,000 customer experience professionals to discuss the latest CX innovations and best practices at Modern Customer Experience 2017. It will be a great three days packed with inspiration, innovation and impact.”

Interested in attending Modern Customer Experience 2017? Register here.

For more information on Oracle Customer Experience solutions, visit the Oracle Customer Experience blog, like us on Facebook and follow us on Twitter.

Contact Info
Simon Jones
PR for Oracle
+1.415.856.5155
sjones@blancandotus.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Simon Jones

  • +1.415.856.5155

Latest Release of Industry Leading Oracle Database Now Available in the Cloud, with Oracle Cloud at Customer, and On-Premises

Mon, 2017-03-06 10:00
Press Release
Latest Release of Industry Leading Oracle Database Now Available in the Cloud, with Oracle Cloud at Customer, and On-Premises Leading-edge Database technology now available in all environments

Redwood Shores, Calif.—Mar 6, 2017

Oracle today announced that the latest version of the world’s number one database, Oracle Database 12c Release 2 (12.2), is now available everywhere—in the cloud, with Oracle Cloud at Customer, and on-premises. Oracle Database 12.2 includes enhancements to the unique multitenant architecture and in-memory database technologies that provide customers with outstanding consolidation, performance, reliability, and security for all workloads including entry-level development and mission critical workloads. Additionally, the release includes more than 300 new features and enhancements across availability, performance, security, and developer productivity.

“Oracle has led the industry by providing the fastest and most reliable highly secure database for organizations of all sizes, and we continue to innovate and help customers transform to the cloud with minimum effort and risk,” said Andy Mendelsohn, executive vice president of database server technologies, Oracle. “With this announcement, Oracle is completing the rollout of Oracle Database 12.2, making it even easier for organizations to deploy Oracle Database 12c wherever they need it—in the cloud or on-premises.”

Oracle Database 12.2’s massive cloud scalability and real-time analytics offer customers greater agility, faster time to business insights, and real cost advantages. New innovations in Oracle Database 12.2 include:

  • Massive savings for consolidated and SaaS environments with up to 4,096 pluggable databases
  • Increased agility with online cloning and relocation of pluggable databases
  • Greatly accelerated in-memory database performance
  • Offload of real-time in-memory analytics to active standby databases
  • Native database sharding
  • Massive scaling with Oracle Real Application Clusters (RAC)
  • JSON document store enhancements

Multiple independent industry analyst reports recently recognized Oracle Database 12c technology leadership for common database workloads, including online transaction processing, hybrid transactional and analytical processing, data warehousing, internet of things (IoT), and in-memory database. Following are some of these reports:

Showcasing the impact of Oracle Database 12c for SaaS Clouds, Oracle Taleo Talent Management Cloud deployed Oracle Multitenant and achieved 25x more efficiency than using a virtual machine based architecture.

Oracle Cloud

Oracle Cloud is the industry’s broadest and most integrated public cloud, offering a complete range of services across SaaS, PaaS, and IaaS. It supports new cloud environments, existing ones, and hybrid, and all workloads, developers, and data. The Oracle Cloud delivers nearly 1,000 SaaS applications and 50 enterprise-class PaaS and IaaS services to customers in more than 195 countries around the world and supports 55 billion transactions each day.

For more information, please visit us at http://cloud.oracle.com.

Contact Info
Nicole Maloney
Oracle
+1.650.506.0806
nicole.maloney@oracle.com
Kristin Reeves
Blanc & Otus
+1.415.856.5145
kristin.reeves@blancandotus.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Nicole Maloney

  • +1.650.506.0806

Kristin Reeves

  • +1.415.856.5145

Oracle and Pluralsight Bring New Cloud Learning and Enablement Resources to Developers

Wed, 2017-03-01 07:00
Press Release
Oracle and Pluralsight Bring New Cloud Learning and Enablement Resources to Developers Pluralsight Developer Members to Gain Access to New Oracle Cloud Courses

Redwood Shores, Calif.—Mar 1, 2017

Oracle today announced a new collaboration with Pluralsight, a technology learning platform for software developers and Silver level member of Oracle PartnerNetwork.

Through the collaboration, developers will gain access to three new Oracle learning pathways on the Pluralsight platform including Oracle Cloud: Java Development, Oracle Cloud: Node.js Development and Oracle Cloud: IaaS Foundations. They will also be able to leverage two new Oracle Cloud courses including Oracle Cloud for Developers and Oracle Compute Cloud Service Foundations. The announcement was made at Oracle Code San Francisco, the first of a new global series of developer-focused events.

“Pluralsight has built a rich community and library of content that help developers take their skills to the next level,” said Damien Carey, Senior Vice President, Oracle University. “By expanding Pluralsight’s offering with new Oracle courses, we are providing increased opportunity for developers to learn valuable new skills and techniques to keep up with the latest and ever-changing demands of the software development world.”

Created by industry experts and curated by Pluralsight in collaboration with Oracle University, the Oracle learning pathways and new courses are available in English and will be delivered in all countries where Pluralsight is available. The new courses, designed to empower Oracle developers to advance their skillset, will be offered through Pluralsight’s existing subscription options.

“As the technology landscape evolves at a rapid pace, it’s critical for software developers to continually build their skillset to remain competitive and at the top of their game,” said Pluralsight co-founder and CEO, Aaron Skonnard. “We’re excited to team up with Oracle to activate their community of technology professionals with the tools they need to benchmark and master key skills and continue building next generation technology.”

Contact Info
Scott Thornburg
Oracle
+1.415.816.8844
scott.thornburg@oracle.com
Kristin Reeves
Blanc & Otus
+1.415.856.5145
kristin.reeves@blancandotus.com
Mariangel Babbel
Pluralsight
+1.801.784.9150
mariangel-babbel@pluralsight.com
About Pluralsight

Pluralsight is an enterprise technology learning platform that delivers a unified, end-to-end learning experience for businesses across the globe. Through a subscription service, companies are empowered to move at the speed of technology, increasing proficiency, innovation and efficiency. Founded in 2004 and trusted by Fortune 500 companies, Pluralsight provides members with on-demand access to a digital ecosystem of learning tools, including adaptive skill tests, directed learning paths, expert-authored courses, interactive labs and live mentoring. For more information, visit www.pluralsight.com.

About Oracle Cloud

Oracle Cloud is the industry’s broadest and most integrated public cloud, offering a complete range of services across SaaS, PaaS, and IaaS. It supports new cloud environments, existing ones, and hybrid, and all workloads, developers, and data. The Oracle Cloud delivers nearly 1,000 SaaS applications and 50 enterprise-class PaaS and IaaS services to customers in more than 195 countries around the world and supports 55 billion transactions each day. For more information, please visit us at http://cloud.oracle.com.

* Performance comparison to AWS RDS db.m4.10xlarge using Provisioned IOPS storage.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle's partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle’s products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program – an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit: http://www.oracle.com/partners.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Scott Thornburg

  • +1.415.816.8844

Kristin Reeves

  • +1.415.856.5145

Mariangel Babbel

  • +1.801.784.9150

Oracle Expands Oracle Cloud at Customer Portfolio to Database Workloads with Oracle Exadata Cloud Machine

Mon, 2017-02-27 07:00
Press Release
Oracle Expands Oracle Cloud at Customer Portfolio to Database Workloads with Oracle Exadata Cloud Machine Organizations equipped to reap the benefits of the Oracle Cloud Platform in their own datacenter

Redwood Shores, Calif.—Feb 27, 2017

Continuing to help organizations simplify cloud adoption by bringing the benefits of the cloud inside their own datacenters, Oracle today announced the expansion of the Oracle Cloud at Customer portfolio with the availability of Oracle Exadata Cloud Machine.  With today’s news, Oracle is offering organizations the ultimate in choice and flexibility in where they deploy the world’s most advanced database cloud for mission-critical workloads. Organizations can now deploy Oracle Exadata in a number of ways, including as a cloud service inside their own datacenter, in the Oracle Cloud, and in a traditional on-premises environment.

Since its introduction just over a year ago, Oracle Cloud at Customer has seen tremendous popularity as organizations look for ways to bridge the gap between the public cloud and on-premises in their journey to the cloud.  While organizations look forward to moving their enterprise workloads to the public cloud, many have been constrained by business, legislative, and regulatory requirements that have prevented them from moving their data and applications outside their own datacenter. Oracle Exadata Cloud Machine delivers the full power of the Oracle Exadata Cloud Service that resides in Oracle’s public cloud to customers who require or prefer their databases to be located on-premises.

“Oracle Exadata Cloud Machine is an ideal platform for organizations that want the benefits of the cloud brought to their datacenter,” said Juan Loaiza, senior vice president of systems technologies, Oracle. “For many years, Oracle Exadata has been the platform of choice for running mission critical Oracle databases at thousands of customers, and the Oracle Exadata Cloud Machine extends this value proposition to those customers who want cloud benefits but cannot or aren’t yet ready to move to a public cloud.”

With Oracle Exadata Cloud Machine, customers have subscription access to the most powerful Oracle Database with all options and features, like Real Application Clusters, Database In-Memory, Active Data Guard and Advanced Security, offering extremely high levels of performance, availability and security features for mission-critical workloads.  Additionally, the Oracle Exadata Cloud Machine is 100 percent compatible with on-premises and Oracle Cloud applications and databases, ensuring any existing application can be quickly migrated to the cloud without changes. 

The Oracle Exadata Cloud Service and Oracle Exadata Cloud Machine provide leading functionality, including:

  • Mission-critical database for OLTP, analytics, mixed workloads, and consolidation—all options included
  • Highly proven database hardware platform with NVMe Flash, InfiniBand networking, and the fastest servers
  • Intelligent database platform with Smart Database Algorithms in storage, networking, and compute
  • Advanced database cloud platform with subscription based pricing and real-time online capacity bursting
  • Flexible cloud that can be deployed in Oracle's public cloud or inside the customer's data center with Oracle managing all infrastructure
  • Simple and straightforward migration to the cloud—software and hardware are identical and 100 percent compatible

“Every IT organization is making plans to move to the public cloud, and Oracle customers are no different,” said Carl Olofson, Research Vice President for structured data management software at IDC. “The Oracle Cloud at Customer program provides a means of transitioning to the cloud by starting right in the datacenter, thereby maintaining direct interaction with the applications that remain on the premises. The Oracle Exadata Cloud Machine extends that capability with all the features of Exadata, managed remotely by the Oracle Cloud team. It is a great first step toward eventual cloud deployment.” 

The Oracle Cloud at Customer portfolio of services enables organizations to get all of the benefits of Oracle’s public cloud services in their datacenter. The business model is just like a public cloud subscription; the hardware and software is the same; Oracle experts monitor and manage the infrastructure; and the same tools used in Oracle’s public cloud are used to provision resources on the Cloud Machine.  This is the only offering from a major public cloud vendor that delivers a stack that is 100 percent compatible with the Oracle Cloud but available on-premises. Since the software is seamless with the Oracle Cloud, customers can use it for a number of use cases, including disaster recovery, elastic bursting, dev/test, lift-and-shift workload migration, and a single API and scripting toolkit for DevOps. Additionally, as a fully managed Oracle offering, customers get the same experience and the latest innovations and benefits using it in their datacenter as in the Oracle Cloud.

Oracle Cloud

Oracle Cloud is the industry’s broadest and most integrated public cloud, offering a complete range of services across SaaS, PaaS, and IaaS. It supports new cloud environments, existing ones, and hybrid, and all workloads, developers, and data.  The Oracle Cloud delivers nearly 1,000 SaaS applications and 50 enterprise-class PaaS and IaaS services to customers in more than 195 countries around the world and supports 55 billion transactions each day.

For more information, please visit us at http://cloud.oracle.com.

Contact Info
Nicole Maloney
Oracle PR
+1.650.506.0806
nicole.maloney@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Nicole Maloney

  • +1.650.506.0806

Oracle Industry Connect 2017 Convenes Community of Business Leaders to Share Insight, Expertise and Industry-specific Best Practices

Mon, 2017-02-27 06:59
Press Release
Oracle Industry Connect 2017 Convenes Community of Business Leaders to Share Insight, Expertise and Industry-specific Best Practices Veteran journalist Tom Brokaw, Oracle Chief Executive Officer Mark Hurd and Oracle Executive Vice President Bob Weiler to Headline

Redwood Shores, Calif.—Feb 27, 2017

Oracle is hosting its fourth-annual Oracle Industry Connect, an exclusive, executive-level event by key industry experts for industry experts, to share strategies for innovation and organizational transformation and success. The event takes place March 20-22 in Orlando, Fla.

The conference features distinguished subject matter experts and keynotes from Oracle CEO Mark Hurd; Bob Weiler, executive vice president of Oracle’s Global Business Units; and Tom Brokaw, NBC News correspondent and New York Times best-selling author.

Brokaw, who was awarded the Presidential Medal of Freedom by President Barack Obama, draws on his rich career in network news covering elections, summits, war, political turmoil and other major news events around the world. The legendary newsman entertains and enlightens audiences with his experiences and observations.

The keynotes will be followed by seven industry-specific tracks with business leaders in communications, construction and engineering, energy and utilities, financial services and insurance, hospitality, life sciences and healthcare and retail. Featured speakers include:

  • Robert Hackl, Senior Vice President, Leasing, Sprint
  • Dr. Philip Tetlock, Ph.D, Annenberg University Professor, University of Pennsylvania
  • Kimberly Greene, Executive Vice President and Chief Operating Officer, Southern Company Services, Inc.
  • Lisa Davis, Global Managing Director, Treasury and Trade Solutions, Citi
  • Steven Marks, Founder, Guzman y Gomez
  • Robert B. Darnell, MD, Ph.D, Heilbrunn Professor and Senior Physician at The Rockefeller Center, Investigator at Howard Hughes Medical Institute, Founding Director at NY Genome Center
  • Jeff Wollen, CIO, Wiggle

“Every day, Oracle provides companies the most sophisticated applications in order to transform their businesses,” Oracle CEO Mark Hurd said. “From planning retailers' merchandise, to running wireless communications networks, to serving as the backbone of our power grids, no technology company can provide the range of industry-specific specialization that Oracle can and no other company can provide it in the cloud today.”

“As the cloud transforms the way industries operate, our team works tirelessly to get our customers where they need to go next,” said Bob Weiler, executive vice president or Oracle’s Global Business Units. “Oracle Industry Connect provides a community of distinguished industry innovators to share ideas and collaborate on the path and solutions for their success.”

For more information about how Oracle is committed to empowering organizations through best-in-class, industry-specific business solutions, visit oracle.com/industries. To learn more about Oracle Industry Connect 2017, go to oracle.com/oracleindustryconnect.

Contact Info
Katie Barron
Oracle Communications
+1 202-904-1138
katie.barron@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Katie Barron

  • +1 202-904-1138

Oracle and Tech Mahindra Deliver Industry’s First VoLTE as a Service Offering

Thu, 2017-02-23 07:00
Press Release
Oracle and Tech Mahindra Deliver Industry’s First VoLTE as a Service Offering Oracle Communications and Tech Mahindra helping drive VoLTE adoption by bringing operators an affordable, powerful VoLTE solution

Redwood Shores, Calif.—Feb 23, 2017

Oracle today announced that Tech Mahindra, a leading system integrator for network infrastructure services, and Oracle Communications  have partnered to deliver an end-to-end VoLTE-as-a-Managed-Service solution based on Oracle’s IMS Core and Signaling products. The partnership, represents the industry’s first end-to-end VoLTE solution built on best-of-breed technology. The solution offers operators the ability to achieve a faster time to market with new VoLTE services, increased voice quality and greater network efficiency while significantly reducing cost and complexity.

Today’s connected world places considerable demands on traditional communication services and the underlying networks. As service providers grapple with the move to an all-IP future, the resources needed to upgrade networks and services is a significant obstacle. Wireless operators have long recognized the need to adopt VoLTE in order to remain relevant and prepare for interoperability with other networks in the future, but the price and difficulty of this adjustment has been prohibitive. 

Tech Mahindra’s VoLTE-as-a-Managed-Service solution, powered by Oracle Communications technology, simplifies the path to an all-IP network by offering a fully virtualized solution that runs on common off the shelf hardware rather than relying on proprietary networking equipment. A typical service provider with an LTE data network can expect to service its first Oracle-enabled VoLTE call within 3-6 months of deploying the solution, often at significant cost savings compared to traditional vendors and in-house solutions.

“The need to drive increased network efficiency and coverage while offering enhanced voice quality necessitates the move to Voice-over-Packet technologies,” said Manish Vyas, CEO Tech Mahindra Network Services. “Leveraging Oracle technology, Tech Mahindra is enabling service providers to adopt VoLTE in a simpler and more cost-effective way, with a powerful end-to-end pre-integrated solution that is virtualized and offers industry leading capabilities at each function.”

 The VoLTE-as-a-Managed-Service solution is built on Oracle products that are used today in service providers around the world. Designed, deployed and operated by Tech Mahindra, it empowers service providers to offer the VoLTE services their customers demand with reduced operational costs and without requiring any internal skillset realignment.

“Oracle Communications is laser-focused on accelerating service providers’ transformation toward the software-centric networks of the future,” said Douglas Suriano, Senior Vice President and General Manager at Oracle Communications. “Tech Mahindra brings valuable experience in managed services, and this partnership will enable us to deliver the industry’s first end-to-tend VoLTE solution to service providers globally.”

The Oracle Communications technologies supporting the new VoLTE as a Service offering include Oracle Communications Core Session Manager, Oracle Communications Session Border Controller, Oracle Communications Evolved Communications Application Server, Oracle Communications Policy Management, Oracle Communications Diameter Signaling Router and Oracle Communications Applications Orchestrator. To learn more about these products and other Oracle Communications offerings, visit: http://bit.ly/2kLCqqZ.

Contact Info
Katie Barron
Oracle
+1.202.904.1138
katie.barron@oracle.com
Shalini Singh
Tech Mahindra
+91.965.446.3108
shalini.singh7@techmahindra.com
About Tech Mahindra

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.2 billion company with 117,000+ professionals across 90 countries, helping over 837 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is amongst the Fab 50 companies in Asia (Forbes 2016 list).

We are part of the USD 17.8 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after- market, information technology and vacation ownership.

Connect with us on www.techmahindra.com

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Katie Barron

  • +1.202.904.1138

Shalini Singh

  • +91.965.446.3108

BBVA Banks on Oracle to Deliver a Better Mobile Experience to Customers

Thu, 2017-02-23 07:00
Press Release
BBVA Banks on Oracle to Deliver a Better Mobile Experience to Customers Spanish financial services provider chooses Oracle to enable customers to open accounts with mobile devices

Redwood Shores, Calif.—Feb 23, 2017

Differentiating itself from competitors, while offering an enhanced experience to customers, Spanish bank, BBVA, is using Oracle Communications  technology to enable customers to open new accounts via their mobile devices in minutes.

The banking industry is under heavy scrutiny to validate and protect customer information.  BBVA has chosen a solution with comprehensive security features to enhance efforts to meet EU compliance requirements for confidential documentation and secure management of personal data, as well as standards for authentication, reporting and monitoring. BBVA chose Oracle Communications WebRTC Session Controller and Quobis Sippo WebRTC Application Controller as the foundation for its new platform because the technology is easily configured and integrates directly with the company’s existing internal systems.

“We live in an age of convenience where people can do everything from their mobile phones, whether it is to open a new account or to pay,” said Ignacio Teulon Ramírez, Digital Transformation - Customer Experience Director, BBVA. “We want to provide our customers with services in the way they prefer to consume them, and we want to provide them the best experience possible.”

Today, BBVA can provide a rich, real-time audio and video experience on a mobile phone or tablet. Jointly delivered by Quobis and in partnership with BT, the solution enables BBVA to validate customers’ identity so customers and prospects can quickly open a new account. The sessions can also be recorded for compliance purposes.

“Digital technologies are giving the financial services industry the opportunity to leap forward and provide products and services that match the digital lifestyle of their customers,” said Doug Suriano, senior vice president and general manager, Oracle Communications. “Our project with BBVA shows how large banks can differentiate themselves by creating a new banking experience. They have a clear vision and an understanding of their customers’ needs, as well as the technology that allows them to innovate while integrating seamlessly with their existing systems.”

Quobis and BT are Gold level members of the Oracle PartnerNetwork (OPN).

Contact Info
Katie Barron
Oracle
+1.202.904.1138
katie.barron@oracle.com
Kristin Reeves
Blanc & Otus
+1.415.856.5145
kristin.reeves@blancandotus.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

About Quobis

Quobis is leading the industry of browser-based communication solutions for services providers and enterprises with its award-winning Sippo product familiy. For more information about Quobis visit www.quobis.com

About BT

BT is one of the world’s leading providers of communications services and solutions, serving customers in 180 countries. For more information about BT visit http://www.bt.com.

About BBVA

BBVA is a customer-centric global financial services group founded in1857. The Group is the largest financial institution in Spain and Mexico and it has leading franchises in South America and the Sunbelt Region of the United States; and it is also the leading shareholder in Garanti, Turkey’s biggest bank for market capitalization. Its diversified business is focused on high-growth markets and it relies on technology as a key sustainable competitive advantage. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies the best practices.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Katie Barron

  • +1.202.904.1138

Kristin Reeves

  • +1.415.856.5145

Cablenet Selects Oracle Communications to Modernize Infrastructure

Tue, 2017-02-14 21:14
Press Release
Cablenet Selects Oracle Communications to Modernize Infrastructure Cablenet will deploy Oracle Communications’ full suite of IMS and VoLTE capabilities to dramatically simplify network design, deployment and operations

Redwood Shores, Calif.—Feb 15, 2017

Cablenet Communications Systems, an alternative telecommunications provider that offers broadband services, fixed telephony and television, will use Oracle Communications technologies to modernize and future-proof its IMS network with Oracle Communications Unified Session Manager (OCUSM) and Oracle Communications Evolved Communications Application Server (OCECAS). OCUSM’s next-generation converged core supports a variety of value-added services, such as a virtualized NFV-capable network architecture. With Oracle, Cablenet will be able to improve service agility, accelerate time-to-market and streamline ongoing operations to gain a competitive advantage and boost business results.

“Oracle’s NFV-ready IMS solution will provide Cablenet true service agility with out-of-the-box service creation for VoLTE and VoWiFi,” explains Yiannos Michaelides, Management Information Systems Manager for Cablenet. “Our Oracle solutions will reduce our OPEX significantly and provide an excellent return on investment.”

Oracle Communications Unified Session Manager will provide Cablenet with a complete set of standard-compliant 3GPP IMS functions and interfaces in a single solution. As such, Cablenet will be able to accelerate its IMS rollout and converge its disparate fixed and mobile access networks, laying the foundation for advanced services that span devices and locations. The NFV-capable solution will also allow Cablenet to minimize upfront investments while closely aligning ongoing capital expenditures with evolving business demands.

In tandem, Oracle Communications Evolved Communications Application Server will enable Cablenet to accelerate its VoLTE rollout and will simplify the implementation of future services like VoWiFi and VoLTE. OCECAS simplifies application lifecycle management and provides carrier-grade performance and reliability for revenue-critical services.

“In today’s increasingly competitive marketplace, our customers are constantly seeking solutions that will help improve their agility, streamline operations and accelerate time-to-market,” said Doug Suriano, senior vice president and general manager, Oracle Communications. “Oracle NFV enabled IMS solutions provide simplicity in design and operation, enabling a low cost of ownership and a faster and easier rollout of services such as VoLTE and VoWiFi. We’re pleased that Cablenet will be able to enjoy such positive return-on-investment with our OCUSM and OCECAS solutions.”

Contact Info
Katie Barron
Oracle
+1 202-904-1138
katie.barron@oracle.com
Kristin Reeves
Blanc & Otus
+1.415.856.5145
kristin.reeves@blancandotus.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Katie Barron

  • +1 202-904-1138

Kristin Reeves

  • +1.415.856.5145

Oracle to Help Businesses Better Support Global Operations with Seamless Tax Reporting

Tue, 2017-02-14 17:00
Press Release
Oracle to Help Businesses Better Support Global Operations with Seamless Tax Reporting New cloud tax and reporting solution helps tax professionals, CFOs, and controllers manage complex country-specific tax reporting requirements through automation

Redwood Shores, Calif.—Feb 14, 2017

Oracle today announced a new finance cloud solution that helps companies, operating in multiple countries, meet complex taxation requirements and regulatory reporting standards imposed by each country. In our globalized economy, compliance with sophisticated tax and statutory laws around the world continues to be a constant challenge for finance professionals. Now these professionals can rely on Oracle Tax Reporting Cloud Service (TRCS), which streamlines tax reporting processes and manages complexity to ultimately enable compliance with new and existing tax regulations.

Oracle TRCS delivers an out-of-the-box cloud solution to help organizations automate their tax provision and country-by-country reporting (CbCR). TRCS enables seamless transparency between tax and finance to reduce risk and brings tax and finance functions together in a unified, secure, and scalable cloud platform. It also streamlines tax reporting processes, including data collection, workflow, data automation, and pre-built KPIs for audit flags.

“Tax reporting is a complicated process, especially for businesses operating in multiple countries, which needs automation to help keep up with the increasing demands,” said Hari Sankar, group vice president of enterprise performance management (EPM) at Oracle. “Oracle TRCS enables organizations to transparently unify tax and finance data in the cloud, with pre-built best practice tax reporting, and provides a platform to significantly improve the broader tax function.”

With a strong tax framework that includes workflow, dashboards, segregation of duties, and transparent calculations, Oracle TRCS allows tax departments to spend more time on analysis and planning instead of on data reconciliation, which can be a complex and time-consuming task in the ledger or stand-alone tax provision system. Oracle TRCS was built for the cloud with the business user in mind and introduces new capabilities and innovations built on best practices from Oracle’s on-premises offering—Oracle Hyperion Tax Provision. By efficiently planning, reporting, and automating tax—with transparency and auditability, regardless of country of operation—TRCS also enhances CbCR, US GAAP, IFRS, and statutory tax reporting.

Additional features include:

  • Task management and calendaring framework that is configurable and integrated with finance systems; businesses can automate the whole tax calendar including tax filing dates, tax provision, and audit management tasks
  • Supplemental data management tool that is configurable and provides a centralized repository for manual input
  • Pre-built dashboards and reports that deliver simple self-service reporting
  • Configurable dashboards that provide analysis across total tax, including direct, sales & VAT, fixed assets, property tax, and more
  • Oracle Smart View for Microsoft Office provides powerful ad hoc analysis for all tax reporting data
  • Direct data integration with source finance systems, including both cloud and on-premises applications

Oracle TRCS easily integrates with multiple Enterprise Resource Planning (ERP) systems, as well as Oracle Enterprise Performance Management (EPM) Cloud and on-premises offerings, and specifically enables the sharing of data, metadata, and processes with the finance function during the financial close cycle.

“Many companies have still managed their global tax reporting processes through Excel and struggle to make the step into applying technology,” said Bart Janssen, Partner, Deloitte Tax Lawyers. “I am certain that with TRCS, the threshold for making that leap for many clients will become lower.”

Oracle TRCS is available now for existing and new customers. Businesses can choose flexible deployment options to best fit their needs. For additional information, visit Oracle Cloud and connect with Oracle EPM Cloud on Twitter.

Contact Info
Joann Wardrip
Oracle
+1.650.607.1343
joann.wardrip@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Joann Wardrip

  • +1.650.607.1343

IP Telecom Implements Oracle’s Zero Data Loss Recovery Appliance to Boost Growth of its Data Protection & Recovery as a Service Business

Tue, 2017-02-14 12:56
Press Release
IP Telecom Implements Oracle’s Zero Data Loss Recovery Appliance to Boost Growth of its Data Protection & Recovery as a Service Business IP Telecom and Oracle worked together to implement this Cloud Business solution to ensure 100% data protection

Redwood Shores, Calif.—Feb 14, 2017

Oracle Portugal today announces that the telecommunications leader IP Telecom has selected Oracle’s Zero Data Loss Recovery Appliance (Recovery Appliance), the industry’s only solution to offer end-to-end data protection for Oracle databases, eliminate data loss exposure and maintain business availability, to ensure their national market customers have access to Data Protection & Recovery as a Service as a Cloud Solution.

IP Telecom is a company held by Infraestruturas de Portugal specialized in telecommunications, Corporate Cloud and Information Security solutions. Oracle’s Zero Data Loss Recovery Appliance was implemented jointly by Oracle Portugal and by IP Telecom and will be available in its Cloud Solutions portfolio.

Oracle’s Zero Data Loss Recovery Appliance is the first appliance ever to eliminate data loss exposure for critical Oracle Databases. When using traditional solutions to restore a database, businesses typically lose all data generated since the last backup—often hours to days of critical data. The Recovery Appliance also dramatically reduces the impact of backups on production servers and networks, virtually eliminating the need for lengthy backup windows. The cloud-scale architecture enables a single Recovery Appliance to manage the data protection requirements of thousands of databases, avoiding the cost and complexity of disparate backup systems.

The solution now available is a result of the partnership agreement signed in June 2016 between Oracle and IP Telecom, aiming to assure the availability of a proper and innovative offer, with customized scaling, based on Oracle’s recognized high-service levels offered by Infrastructure as a Service, which has competitive advantages of real value added.

According to Rui Ribeiro, General Manager of IP Telecom, "This first joint offer with Oracle means that we provide an unparalleled level of data protection to our Cloud national market customers. For us, the information of all our customers is critical, so we seek to create value-added and reliable offerings, ensuring that our customers focus only on their business, because they know that their data is safe and available with our Solutions.“.

Hugo Abreu, Country Manager at Oracle Portugal, said:

“Existing data protection solutions fail to meet the demands of critical databases because they treat databases as simply files to copy rather than as transactional systems with specific data integrity, performance, and availability requirements. With traditional backup solutions, business data is lost, end users and customers are impacted, and deployment and management are complex and fragmented. Oracle's Zero Data Loss Recovery Appliance tightly integrates advanced data protection technologies with Oracle Database to address these challenges head-on, enabling IP Telecom to offer its clients an efficient and effective protection and recovery service for one of their greatest asset: data."

Contact Info
Sarah Fraser
Oracle PR
+1.650.743.0660
sarah.fraser@oracle.com
About IP Telecom

IP Telecom is a telecommunications company and a specialized services operator in the areas of telecommunications, information systems and technologies.

Recognized as a benchmark in this area, the company has a qualified team able to design valuable solutions tailored to the needs of each client and which guarantees its "turnkey" implementation.

Operating in Portugal since 2000, it is led by the management of the Portuguese highway and railway infrastructure - Infraestruturas de Portugal, part of the IP Group.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Sarah Fraser

  • +1.650.743.0660

Customers Across Industries Adopt Oracle Management Cloud to Improve User Experience and Application Delivery

Tue, 2017-02-14 12:56
Press Release
Customers Across Industries Adopt Oracle Management Cloud to Improve User Experience and Application Delivery Customers use Oracle Management Cloud to increase performance and decrease cost of traditional systems-of-record and DevOps-oriented systems of innovation

Redwood Shores, Calif.—Feb 14, 2017

Oracle today announced that Oracle Management Cloud is experiencing exceptional growth with nearly 950 new customers and partners across the globe within its first year of availability.  FORS, IDEA Cellular, and Safexpress are among the many organizations around the world choosing Oracle Management Cloud to help improve IT resource utilization, increase DevOps productivity, and ensure that critical applications are up and running.

Part of the Oracle Cloud Platform, Oracle Management Cloud is a suite of next-generation integrated monitoring, management, and analytics cloud services that leverage machine learning and big data techniques against the full breadth of customers’ operational data. Oracle Management Cloud’s unified platform helps customers improve IT stability, prevent application outages, and increase DevOps agility, as well as assists in hardening security across their entire application and infrastructure portfolio.

“Across the globe, companies have embraced the new agility of cloud computing,” said Prakash Ramamurthy, senior vice president, Systems Management and Security, Oracle. “While this new environment is great for rapid innovation, it is extremely difficult for development and operations management and staff to keep pace with constant change. Oracle Management Cloud was developed to allow developers to focus more on coding and less on infrastructure while it helps operations staff to efficiently manage fast changing applications and infrastructure – whether customers bought the underlying technology from Oracle or any other vendor; without restrictions upon where it’s running.”

Oracle Management Cloud Revolutionizes Systems Management for Customers Around the World and Across Many Public and Private-Sector Verticals

Telecom:  “Idea is the third-largest telecom service provider in India,” said Prakash Paranjape, CIO, IDEA Cellular. “Given the digital revolution India is going through, we felt that business transformation needed a new management approach. Oracle Management Cloud has allowed us to use contemporary technologies to predict reasons behind a cause through its machine learning capabilities. It has helped us correlate sources of data and logs from multiple components which previously were not looked into.” 

Logistics: “With Oracle Management Cloud, we have been able to manage our IT more efficiently and detect problems before they impact users,” said Sanjay Bakshi, senior manager, IT, Safexpress. “For example, we are able to detect issues like slow transactions and resolve them proactively and faster, which is making a difference in our customer experience.” 

Value-Added Distributor:  “Using Oracle Management Cloud raises quality and expands the range of services available to our partners in their projects,” said Andrey Tambovsky, director of Technology, FORS Distribution. “Administrators use the next-generation analytical tools to improve the quality of services available in the hybrid cloud. We strongly recommend that our partners and their customers use Oracle Management Cloud for in-depth analysis and monitoring of infrastructure and equipment in their own data centers and are ready to assist them in the implementation of these projects.”

Recent Releases Demonstrate Commitment to Customer-Focused Innovation

Oracle Management Cloud’s frequent releases provide an ongoing stream of exciting new customer-centric features that are automatically available in the cloud service’s Software-as-a-Service management platform.  Top features released in the last few months include:

  • Better application performance monitoring through new synthetic end-user monitoring, native mobile application monitoring and APDEX end-user experience rating
  • More efficient log analytics with automatic outlier identification and trend correlation using machine learning-based clustering
  • Smarter IT analytics using improved visualizations and host resource instrumentation, as well as a new database performance tuning application
  • Deeper infrastructure monitoring for popular network devices, public cloud IaaS on Amazon and Oracle as well as monitoring for Oracle PaaS
  • Seamless cross-service navigation with topology-aware exploration for monitored applications that is shared across all Oracle Management Cloud services

Oracle Cloud

Oracle Cloud is the industry’s broadest and most integrated public cloud, offering a complete range of services across SaaS, PaaS, and IaaS. It supports new cloud environments, existing ones, and hybrid, and all workloads, developers, and data.  The Oracle Cloud delivers nearly 1,000 SaaS applications and 50 enterprise-class PaaS and IaaS services to customers in more than 195 countries around the world and supports 55 billion transactions each day.

For more information, please visit us at http://cloud.oracle.com.

Contact Info
Nicole Maloney
Oracle
+1.650.506.0806
nicole.maloney@oracle.com
Kristin Reeves
Blanc & Otus
+1.415.856.5145
kristin.reeves@blancandotus.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Nicole Maloney

  • +1.650.506.0806

Kristin Reeves

  • +1.415.856.5145

Oracle Hospitality Research Identifies Drivers for Consumer Loyalty and Impact of Technology on Hotel and Restaurant Guest Experience

Tue, 2017-02-14 11:00
Press Release
Oracle Hospitality Research Identifies Drivers for Consumer Loyalty and Impact of Technology on Hotel and Restaurant Guest Experience Global Insights Offer Guidance for Global Food and Beverage and Hotel Industries as they Aim to Capture Repeat Business in 2017

Redwood Shores, Calif.—Feb 14, 2017

Today Oracle announced the findings of two research initiatives aimed at identifying the consumer drivers for loyalty in the food and beverage and hotel industries and the impact of technology in curating a unique hotel guest experience. Insights from both studies highlight a global demand for loyalty programs in the hospitality industry and the critical role of technology to inspire hotel staff to create memorable guest experiences.

Identifying Consumer Drivers for Loyalty

Loyalty programs are a critical driver of repeat business for both the food and beverage and hotel industries with their ability to identify consumer habits, demographics and personalization opportunities. With these insights the hospitality industry can more effectively create frictionless experiences that encourage repeat engagement. To better understand what makes loyalty programs most effective Oracle Hospitality recently conducted a survey of 6,500 global food and beverage consumers and 8,000 hotel travelers represented by the U.S., Brazil, Mexico, Australia, U.K., Germany, France and Japan.

Recipe for Engagement: Essential Ingredients for a Restaurant Loyalty Program

Key insights from the research for the food and beverage industry include:

  • Consumers around the world want to join loyalty programs. In the U.S., 65 percent of consumers are already members of one or more food and beverage programs. Even in Japan, where the lowest percentage of consumers were already members of a program from our survey, nearly one-third belonged to a loyalty program.
  • Plastic loyalty cards remain the preferred loyalty tool with mobile applications gaining popularity. At 62 percent overall, plastic swipe cards were the most preferred method across all generations. At a 56 percent preference, Millennials wanted to use apps for loyalty programs and 50 percent of Gen Xers also agreed that apps are a preferable method.
  • Perceived personal savings drive loyalty. Money off of every purchase (71 percent) and free products (63 percent) were the top two most attractive rewards to consumers.

“Loyalty programs provide restaurant operators with the opportunity to reward guests for repeat business, to create a marketing database for personalized promotions, and to guide the strategy for future programs ensuring their relevancy,” said Mike Webster, senior vice president and general manager, Oracle Hospitality and Oracle Retail. “Oracle Hospitality has a differentiated offering that leverages best-in-class, cloud POS with an integrated gift and loyalty solution and cloud analytics suite that minimizes the creation of disparate data silos which can create false perspectives of guest engagement.”

What Do Consumers Want from a Hotel Loyalty Program?

Key insights from the research for the hotel industry include:

  • Hoteliers still have a chance to create long-term relationships. Among all survey participants, 58.7 percent reported that they do not belong to a hotel loyalty program. A mere 3.2 percent stated that they belong to 5 or more.
  • Loyalty initiatives are “sticky” and encourage repeat stays. Globally a pattern of repeat business was evident among respondents, ranging from 33.6 percent of Australians to 53.8 percent of Mexicans who said they often stay in hotels that offer loyalty programs.
  • Consumers want control over how they redeem rewards. Globally a majority of consumers identified that they are interested in being able to choose how they redeem their rewards (61 percent) and 57 percent are interested or very interested in being able to customize their hotel guest experience (room choice, newspaper, late check out, etc.).
Creating the Coveted Hotel Guest Experience

Oracle Hospitality also polled more than 2,700 travelers from the U.S., U.K., France and Germany to better understand technology’s impact on the hotel-guest experience and gain insight into how technology investments can be a differentiator for winning consumer business. The study also adds perspectives of hoteliers, both chains and independents, to shed light on their technological pursuits and gauge alignment with consumer expectations.

Key insights from the study highlight opportunities to engage guests prior to and during their hotel stay:

  • Nearly two-thirds of U.S. guests said it was “very or extremely important” for hotels to continue investing in technology to enhance the guest experience.
  • Ninety-four percent of business travelers and 80 percent of leisure travelers value the ability to use their smartphones to request service and message hotel staff.
  • Guests are comfortable sharing with hoteliers a fair amount of personal information: 71 percent would share information about food preferences/allergies and 64 percent would share their entertainment preferences.
  • Sixty-two percent of guests used non-hotel sources such as the Internet for dinner reservations and activity recommendations, bypassing the concierge from whom guests say they would prefer to get such assistance.

The full findings of the report can be accessed here and point to a critical opportunity for hoteliers. Once travelers arrive in the lobby, their notion of a memorable experience can be shaped entirely by the deeds and words of hotel staff which can be informed and augmented by technology investments.

“Rather than worry that greater reliance on technology will erode the human aspect of hospitality, hoteliers need to embrace it for what it can be – an invaluable tool to better understand their guests and orchestrate stays that they will long remember,” said Mike Webster, senior vice president and general manager, Oracle Hospitality and Oracle Retail. “Technology can address the industry’s dual challenge of operating efficiently at scale and simultaneously providing individualized service.”

Join Oracle Hospitality at Oracle Industry Connect

Oracle Hospitality will be presenting new product releases, market insights and customer case studies at Oracle Industry Connect in Orlando, FL from March 20-22, 2017. For more information on attendance please visit http://www.oracleindustryconnect.com to register.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Ford Motor Company Chooses Oracle HCM Cloud Suite

Mon, 2017-02-13 16:20
Press Release
Ford Motor Company Chooses Oracle HCM Cloud Suite Ford selects Oracle HCM Cloud to manage team experience

Redwood Shores, Calif.—Feb 13, 2017

Oracle announced today that Ford Motor Company, has selected Oracle’s HCM Cloud Suite towards a more streamlined, digital view of HR product and services to help improve the employee and manager experience. Cloud services are a key enabler for HR transformations.

Traditionally, businesses have used multiple platforms to manage their HR needs. Today, the cloud has changed this as companies seek a new suite of services that can be integrated with existing technology. The Oracle HCM Cloud Suite, allows users to support large-scale Global HR, reporting and security requirements and provides Global HR, Payroll (U.S.), Workforce Compensation, Goal and Performance Management, Talent Review and Succession, and Recruiting and Onboarding. For HR, it is equally important to ensure both an international and security conscious portfolio of services that can capitalize on universal reporting and data analytics to anticipate and plan for driving business and recruiting needs.

Oracle’s SaaS and PaaS systems are robust, yet flexible enough to address these needs. The cloud offers a single platform to access employee records and information while also helping HR professionals cut costs and save time so they can focus on more strategic decision-making and less on paperwork. The Oracle Cloud Customer Connect Program is a unique offering for customers to connect with peers to address the unique challenges of their business and learn from others best practices and strategies for moving to the cloud.

“Oracle is extremely excited to be working with Ford and others in the auto industry,” said Gretchen Alarcon, group vice president of HCM Product Strategy for Oracle. “We work hard to listen and deliver modern, unified cloud solutions that get at the heart of what will ultimately offer an all-encompassing service to save a business money and offer a strategic approach to business practices. We want to make sure this technology ultimately adds to any company’s move toward the future. But even more so, we want to let our customers know that we offer our network and collaboration as a means to help during this modern transformation.”

Contact Info
Jennifer Yamamoto
Oracle
+1.916.761.9555
jennifer.yamamoto@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Jennifer Yamamoto

  • +1.916.761.9555

Pages