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Q2 FY18 GAAP EPS UP 8% TO $0.52 and NON-GAAP EPS UP 14% TO $0.70

Thu, 2017-12-14 14:04
Press Release
Q2 FY18 GAAP EPS UP 8% TO $0.52 and NON-GAAP EPS UP 14% TO $0.70 Q2 FY18 Cloud Revenues Up 44% to $1.5 Billion and Total Revenues Up 6% to $9.6 Billion

Redwood Shores, Calif.—Dec 14, 2017

Oracle Corporation (NYSE: ORCL) today announced fiscal 2018 Q2 results. Total Revenues were up 6% to $9.6 billion, compared to Q2 last year. Cloud plus On-Premise Software Revenues were up 9% to $7.8 billion. Cloud Software as a Service (SaaS) revenues were up 55% to $1.1 billion. Cloud Platform as a Service (PaaS) plus Infrastructure as a Service (IaaS) revenues were up 21% to $396 million. Total Cloud Revenues were up 44% to $1.5 billion.

GAAP Operating Income was up 1% to $3.1 billion and GAAP Operating Margin was 32%. Non-GAAP Operating Income was up 10% to $4.2 billion and non-GAAP Operating Margin was 44%. GAAP Net Income was up 10% to $2.2 billion, while non-GAAP Net Income was up 16% to $3.0 billion. GAAP Earnings Per Share was up 8% to $0.52, while non-GAAP Earnings Per Share was up 14% to $0.70.

Short-term deferred revenues were up 9% to $8.1 billion. Operating cash flow on a trailing twelve-month basis was up 2% to $14.6 billion.

“Overall cloud revenue growth of 44% drove our quarterly revenue and earnings higher,” said Oracle CEO, Safra Catz. “With non-GAAP Cloud SaaS Applications growth of 49% leading the way, Oracle delivered 14% non-GAAP earnings per share growth and 6% overall revenue growth. Our success in the quarter was based on the increasing scale and the gathering momentum in our cloud business. I expect the business to continue to grow and strengthen over the coming quarters.”

“Our Fusion ERP and Fusion HCM SaaS applications suite revenues grew 65% in the quarter,” said Oracle CEO, Mark Hurd. “We are now the clear market leader in enterprise back-office SaaS applications with over 5,000 Fusion customers. And we expect to extend our lead by selling around $2 billion in new enterprise SaaS application cloud subscriptions over the coming four quarters. That’s more new SaaS sales than any of our competitors.”

“Oracle will soon deliver the world’s first autonomous “self-driving” database,” said Oracle CTO, Larry Ellison. “The new artificially intelligent Oracle database is fully automated and requires no human labor for administration. If a security vulnerability is detected, the database immediately patches itself while running. No other system can do anything like this. Best of all, we guarantee the price of running the Oracle Autonomous Database in the Oracle Cloud is less than half the cost of running a database in the Amazon Cloud.”

The Board of Directors increased the authorization for share repurchases by $12 billion. The Board of Directors also declared a quarterly cash dividend of $0.19 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on January 10, 2018, with a payment date of January 24, 2018.

Q2 Fiscal 2018 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 Q2 results and Fiscal 2018 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: 9396959.

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/investor 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 the growth of our cloud business, extension of our market position and sales in enterprise SaaS applications, and delivery of our new autonomous database, 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 products and services are compromised or if our products and services contain significant coding, manufacturing or configuration errors, we may experience reputational harm, legal claims and reduced sales. (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 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 December 14, 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 Expands Security Portfolio with New Capabilities and Partner Program Designed to Help Organizations Detect and Protect Against Threats

Mon, 2017-12-11 07:00
Press Release
Oracle Expands Security Portfolio with New Capabilities and Partner Program Designed to Help Organizations Detect and Protect Against Threats New Identity Governance, A.I.-based Configuration Management, and Consumer Identity Management are features designed to help organizations protect their clouds and digital services

Redwood Shores, Calif.—Dec 11, 2017

Oracle today announced that it is expanding its security portfolio and unveiling a new partner program. The Oracle Identity SOC portfolio now includes new capabilities to help enterprises manage and certify user identities, applications, and confidential data more securely and through a richer, consumerized user experience. Additionally, the new partner program will help improve collaboration with security vendors and simplify customer adoption.

First unveiled at Oracle OpenWorld 2017, Oracle’s integrated suites—Oracle Identity Security Operations Center (SOC) portfolio of services and Oracle Management Cloud—are designed to help enterprises forecast, reduce, detect, and resolve security threats and assist in efforts to remediate application and infrastructure performance issues.  Leveraging artificial intelligence to analyze a unified data set consisting of the full breadth of security and operational telemetry, as well as provide automated remediation, Oracle’s integrated suite is designed to enable customers to quickly adapt their security and operational posture as their risk landscape changes. This application of machine learning can potentially help thwart attacks, reduce the detection window from months to minutes, and more quickly address security breaches and performance outages.

“Built on our advanced artificial intelligence and automation technologies, Oracle Identity SOC portfolio now offers cloud-native identity governance combined with adaptive security designed to protect our customer’s cloud and digital services,” said Rohit Gupta, group vice president, Cloud Security, Oracle. “In addition to strengthening internal security monitoring, Oracle’s comprehensive cross-stack threat detection capabilities provide broad threat detection range, less noise from false positives and a high level of accuracy in detecting and remediating threats against the enterprise’s most important IT asset–its data.”

The Oracle Identity SOC portfolio now includes new automated identity governance for hybrid clouds, expanded consumer identity management, machine learning-driven configuration management and enhanced artificial intelligence capabilities.

First Cloud-Native Identity Governance Offering

Oracle announced the first cloud-native identity governance service for hybrid cloud environments, which will be fully integrated and native to Oracle’s SaaS applications, Oracle Identity SOC portfolio (including Oracle Identity Cloud Service and Oracle CASB Cloud Service), as well as Oracle Management Cloud. This combination helps provide a better user experience for identity governance and automation of traditional processes and assessments through intelligent machine learning and cloud application risk feeds from Oracle CASB Cloud Service, all of which can be unified with security and operational telemetry from on-premises and hybrid environments. The new identity governance service features out-of-the-box connectors for integration with external systems and a consumer-grade interface for enterprise campaigns including application access requests, approvals and certifications.

Oracle CASB Cloud Service now also includes risk-based cloud access control to help enterprises mitigate risks to cloud applications. The new controls help manage configuration changes or application access based on rich context including device type, geo-location, and dynamic risk scores. Combined, these factors are designed to help prevent user access based on stolen credentials and mitigate the risk of cloud application administrator privileges misuse.

Industry-First Machine Learning-Driven Configuration Management

Additionally, Oracle introduced a game-changing feature in Oracle Configuration and Compliance Cloud Service, built on Oracle Management Cloud, which automatically discovers the configuration settings across a customer’s entire organization in real time and uses machine learning to find outlier configurations, which can then be automatically remediated.  In addition, Oracle Management Cloud now supports rulesets to enforce DISA’s Security Technical Implementation Guide (STIG) against the Oracle Database.  Oracle has also now extended its user and entity behavior analytics (UEBA) across the entire stack.  Specifically, Oracle Security Monitoring and Analytics (SMA) Cloud Service continuously baselines data access patterns at the SQL level and then detects anomalies by user, database or application.

Expanded Consumer Identity Management

Recognizing the need for enterprises to correlate consumer data with marketing information, Oracle expanded its consumer identity management capabilities in Oracle Identity Cloud Service with integrations with Oracle Marketing Cloud and Oracle Data Cloud. By leveraging built-in consent management, social profiles, preference management and activity attributes from Oracle Identity Cloud Service with these solutions, enterprises can build more targeted marketing campaigns with better consumer insights and analytics. In addition, easy integration with third-party or custom applications via Oracle Self-Service Integration Cloud Service will allow marketers to incorporate additional services.

New Partner Programs Help Deliver Complete Security Solutions

Continuing its commitment to supporting the development of a heterogeneous security ecosystem, Oracle today launched the Identity SOC Security Network in Oracle Cloud Marketplace. This program offers technology integrations with leading security vendors across critical areas including Enterprise Mobility Management, Next Generation Firewalls, Endpoint Security and Threat Intelligence, enabling enterprises to enrich the dynamic context, intelligence and automation capabilities of Oracle Identity SOC. In addition, Oracle continues to enable hundreds of partners worldwide to achieve Oracle PartnerNetwork Specializations in Security and Systems Management Cloud Services.

"We're incredibly excited to work with the Oracle Identity SOC portfolio," said Prakash Linga, CTO and co-founder of Vera. "Identity is the single most critical element of all modern applications and systems. Enhancing Oracle’s portfolio with Vera’s data-centric security and encryption solution makes Oracle’s services incredibly compelling for businesses.”

“We are excited to work with Oracle to introduce Compromised Credentials as a new category in Oracle CASB Cloud Service for refining organization and identity-centric risk assessment,” said Steve Tout, CEO of Seattle based VeriClouds. “With VeriClouds-powered credential monitoring and detection, more than 7 billion compromised credentials are surfaced to enable the automation of risk insight from the dark web into actionable intelligence for the Oracle Identity SOC.”

“Our digital workspace platform, VMware Workspace ONE powered by AirWatch unified endpoint management technology, helps IT secure apps based on conditional access policies and provides a seamless end user experience for any app from any device,” said Ashish Jain, vice president of product management, End-User Computing, VMware. “Workspace ONE and Oracle’s security solutions enables us to strengthen application security and provide data-driven insights to help mutual customers make better informed decisions related to device and app management.”

Contact Info
Jesse Caputo
Oracle
+1.650.506.5967
jesse.caputo@oracle.com
Kristin Reeves
Blanc & Otus
+1.415.856.5145
kristin.reeves@blancandotus.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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.

Talk to a Press Contact

Jesse Caputo

  • +1.650.506.5967

Kristin Reeves

  • +1.415.856.5145

Oracle Open Sources Kubernetes Tools for Serverless Deployment and Intelligent Multi-Cloud Management

Wed, 2017-12-06 09:00
Press Release
Oracle Open Sources Kubernetes Tools for Serverless Deployment and Intelligent Multi-Cloud Management New tools expand open, integrated and enterprise-grade container native application development platform with no cloud lock-in

KubeCon, Austin, Texas—Dec 6, 2017

Oracle today announced that it is open sourcing the Fn project Kubernetes Installer and Global Multi-Cluster Management, two projects designed to help developers build the next generation of container native applications leveraging Kubernetes. Both projects are integrated with the Oracle Container Native Application Development Platform, providing developers with an integrated and enterprise-grade platform to build, deploy and operate applications.

The Fn project Installer follows the recent open-sourcing of the Fn project and allows developers to leverage serverless capabilities on any Kubernetes environment, including within Oracle’s new managed Kubernetes service, Oracle Container Engine Cloud Service. Oracle also open sourced a technical preview of Global Multi-Cluster Management, a new set of distributed cluster management features for Kubernetes federation that intelligently manages planet scale applications that are hybrid, multi-region and multi-cloud. With this set of capabilities, customers can quickly build and auto-scale global applications or spot clusters on-demand and enable cloud migrations and hybrid scenarios.

“There continue to be significant concerns by developers looking into serverless development that cloud providers are leading them into a lock-in situation and away from industry standards,” said Mark Cavage, vice president of software development at Oracle. “The Oracle Container Native Application Development Platform, along with the new tools introduced today, are built on top of Kubernetes and provide an open source based, community driven, and thus, cloud-neutral, integrated container native technology stack that prevents cloud lock-in while enabling the flexibility of true hybrid and multi-cloud deployments.”

Kubernetes, led by the Cloud Native Computing Foundation, is the container management and orchestration platform for modern application workloads on which the development community has standardized, as it provides the mean to manage clusters that span multiple clouds. By working on top of Kubernetes, the Oracle Container Native Application Development Platform and its serverless tools address the next cloud challenge of applying application-aware decision logic to container native deployments based on rules such as cost, regional affinity, performance, quality of service and compliance.

“As Veritone continues to enhance its next-generation Veritone Developer application for AI data product, application and engine providers, it was essential for us to avoid cloud lock-in and to work with standards-based tools, such as Oracle’s, that enable true hybrid cloud management,” said Al Brown, senior vice president of engineering at Veritone. “An open standards-based approach is an important guarantee that our developer community can continue to build the AI applications of tomorrow without worrying about infrastructure or vendor lock-in.”

Both the Fn project and the Oracle Container Native Application Development Platform were announced shortly after Oracle joined the Container Native Computing Foundation in September.

Contact Info
Alex Shapiro
Oracle PR
+1.415.608.5044
alex.shapiro@oracle.com
Kristin Reeves
Blanc & Otus
+1.925.787.6744
kristin.reeves@blancandotus.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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. 

Talk to a Press Contact

Alex Shapiro

  • +1.415.608.5044

Kristin Reeves

  • +1.925.787.6744

NetSuite Adds Three New Partners Seeking to Drive Growth with Cloud ERP

Tue, 2017-12-05 08:00
Press Release
NetSuite Adds Three New Partners Seeking to Drive Growth with Cloud ERP Apps Associates, BTM Global and iSP3 Expand Existing Oracle Relationships with NetSuite Practices

SAN MATEO, Calif.—Dec 5, 2017

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERPHRProfessional Services Automation (PSA) and omnichannel commerce software suites, today announced the addition of new partners to NetSuite’s Solution Provider Program and Alliance Partner Program. Apps Associates, BTM Global and iSP3 are expanding their longtime Oracle partner relationships to add NetSuite practices to their portfolio. Partnering with NetSuite allows them to help organizations in a range of industries improve operational efficiency, business agility, customer focus and data-driven decision-making. As NetSuite partners, the three technology consulting and implementation firms are equipped to meet growing demand for cloud ERP as the pace of business accelerates and organizations look to graduate from standalone applications that can limit the ability to innovate and scale. The new partners benefit with added capacity to grow their areas of expertise and client base, as well as flexibility to offer proprietary add-on solutions and increase both margin and recurring revenue.

“Our three new partners add a diversity of industry focus and expertise with a common commitment to helping clients thrive in the cloud,” said Craig West, Oracle NetSuite Vice President of Alliances and Channels. “We’re delighted to collaborate with them in delivering agile cloud solutions that help our mutual customers scale, innovate and grow.”

Apps Associates, a Platinum Level Member of Oracle PartnerNetwork, Extends Offerings as NetSuite Solution Provider

Apps Associates (www.appsassociates.com), an 800-person global technology and business services firm based in Acton, Mass., is a Platinum level member of the Oracle PartnerNetwork. Apps Associates provides services across the Oracle product line for ERP, HCM, Analytics, Cloud, Integration, Database and other technologies. Founded in 2002, Apps Associates has grown its business across the US, Europe and India with a client base in life sciences, medical devices, manufacturing, distribution, financial services, retail and healthcare. Apps Associates also partners with AWS, Salesforce, Dell Boomi, TIBCO and MuleSoft. In teaming up with NetSuite, Apps Associates furthers its mission of working with customers to enable business improvement by streamlining business processes using advanced technology. The firm will handle NetSuite financials / ERP, HR, PSA, CRM and ecommerce in response to growing customer demand for flexible cloud business management software.

“When NetSuite became part of the Oracle family of products, it was a natural opportunity to extend our offerings and bring a holistic solution to our customers,” said Scott Shelko, NetSuite Practice Manager at Apps Associates. “Apps Associates brings scale and discipline with our NetSuite practice, so our customers have the value of a full lifecycle partner that really understands the platform.”

BTM Global Expands its Oracle Retail Solutions Portfolio as NetSuite Alliance Partner

BTM Global (www.btmglobal.com), headquartered in Minneapolis and Ho Chi Minh City, Vietnam, helps retailers compete in a fast-changing world with systems integration and development services. Its clients range from regional chains to the world’s most recognized brands, including Red Wing Shoes, True Value, World Kitchen and Perry Ellis International. Founded by veterans of RETEK, a software company acquired by Oracle, BTM Global has deep expertise in Oracle Retail solutions that address retailers’ needs around store-based solutions, merchandising, business intelligence and point-of-service systems, notably EMV. 

BTM Global notes that more retailers, especially in the small and midmarket space, are interested in agile, cloud-based solutions that can be rapidly deployed and extended into new markets. BTM Global’s new partnership with NetSuite expands its commitment to providing its clients with a diversity of expertise, resulting in more creative and bolder solutions for retailers’ technology challenges. BTM Global will provide its core services – development, implementation, support and strategic technology planning – to retailers leveraging SuiteCommerce, NetSuite’s ecommerce platform, along with CRM and back-office functionality. BTM Global is also a Gold level member of Oracle PartnerNetwork.

”We’re very happy to be able to offer NetSuite customers our unique, well-rounded expertise for their integration and development needs,” said Tom Schoen, President at BTM Global. “NetSuite offers a proven omnichannel commerce solution on a unified cloud platform with access to real-time data to improve business agility.”

iSP3 Builds on JD Edwards Relationship as a NetSuite Solution Provider

iSP3 (www.isp3.ca), a technology consulting firm that focuses on implementations of Oracle JD Edwards software, is a Platinum level member of Oracle PartnerNetwork that serves companies in the mining, building and construction, oil and gas, and government industries, as well as general business. Founded as a three-person firm in 2001 based in Vancouver, Canada, iSP3 also has offices in Toronto and Seattle. The firm has consultants across North America and Latin America, and has completed more than 100 projects in the Americas as well as Eastern Europe and Asia. In recent years, the 23-person iSP3 has seen rising demand among both prospects and clients for cloud-based ERP. Now, as a NetSuite partner, iSP3 is able to meet that demand with NetSuite’s leading cloud ERP platform. iSP3’s NetSuite practice can address demand for cloud ERP, while providing agility and scale for clients to grow. Beyond ERP, NetSuite’s integrated capabilities for ecommerce, CRM, HR, PSA and other functions also provide iSP3 the opportunity to expand its business into new industries and business processes.

“NetSuite’s cloud-based platform is a very good fit for iSP3 and our clients,” said William Liu, Senior Partner at iSP3. “The ability to deploy NetSuite’s unified system in a short period of time to gain ROI very quickly is extremely attractive.”

Launched in 2002, the NetSuite Solution Provider Program is the industry’s leading cloud channel partner program. Since its inception, NetSuite has been a leader in partner success, breaking new ground in building and executing on the leading model to make the channel successful with NetSuite. A top choice for partners who are building new cloud ERP practices or for those expanding their existing practice to meet the demand for cloud ERP, NetSuite has enabled partners to transform their business model to fully capitalize on the revenue growth opportunity of the cloud. The NetSuite Solution Provider Program delivers unprecedented benefits that include highly attractive margins and range from business planning, sales, marketing and professional services enablement, to training and education. For more information about the NetSuite Solution Provider Program, visit www.netsuite.com/partners.

Contact Info
Christine Allen
Oracle NetSuite
603-743-4534
PR@netsuite.com
About NetSuite Alliance Program

The NetSuite Alliance Partner program provides business transformation consulting services as well as integration and implementation services that help customers get even more value from their NetSuite software. Alliance Partners are experts in their field and have a deep and unique understanding of NetSuite solutions. NetSuite provides Alliance Partners with a robust set of resources, certified training, and tools, enabling them to develop expertise around specific business functions, product areas, and industries so they can efficiently assist customers, differentiate their practices, and grow their business. For more information, please visit http://www.netsuite.com/portal/partners/alliance-partner-program.shtml.

About Oracle NetSuite

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

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

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.

Trademarks

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

Talk to a Press Contact

Christine Allen

  • 603-743-4534

Oracle Financial Services Unveils FLEXCUBE V14

Mon, 2017-12-04 08:00
Press Release
Oracle Financial Services Unveils FLEXCUBE V14 Includes 1,200+ new enhancements designed for a connected banking experience and new blockchain, machine learning adapters

Redwood Shores Calif—Dec 4, 2017

Oracle today announced general availability of the newest release of its flagship core banking application, Oracle FLEXCUBE V14.
 
Oracle FLEXCUBE V14 marks a significant milestone in Oracle’s componentization strategy. Banks now have the choice of either deploying a pre-configured offering for a comprehensive solution or embarking on a progressive transformation journey, one line of business at a time. Oracle now offers banks more choices than ever before to seamlessly integrate best-in-class functionality to their pre-existing architecture with specialized components for originations, collections, pricing, liquidity management, lending and payments.
 
As banks look to further enhance customer relationships by bringing seamless integration between business and financial lifecycles, FLEXCUBE V14 provides the advantage of more than 1,000 API’s to jump start initiatives. Banks using FLEXCUBE V14 have a head start in exploring innovative collaborative options to integrate with corporates, third party service providers, vendors, other banks and networks.
 
"In today's connected world, banks need to seamlessly embed banking services across the lifecycle of a business as well as in the daily activities of the consumer. Banks need to transform their core banking applications to be able to bring in the intrinsic nimbleness of a modern application necessary to respond to this new paradigm,” said Oracle Financial Services Senior Vice President Chet Kamat. “Oracle FLEXCUBE V14 is mission critical for any bank embarking on the path of digital transformation"
 
This release of Oracle FLEXCUBE also features new machine learning and blockchain adapters. The new machine learning adapter unlocks intelligence ingrained in the enterprise to drive process optimization, better decisioning and deliver operational and cost benefits.  Separately, seamless connectivity between Oracle FLEXCUBE and other banks is made possible through FLEXCUBE V14’s blockchain adapter, which enables more fluid straight-through processing and high fidelity information exchange.
 
For the past 40 years, Oracle has connected people and businesses to information with the expressed intent of re-imagining what is possible. FLEXCUBE V14 will continue Oracle’s journey toward providing financial institutions across the globe an opportunity to expand their digital capabilities, rethink ways of doing business and modernize their technology in a considered, efficient manner.
Contact Info
Alex Moriconi
Oracle Corporation
+1-650-607-6598
Alex.Moriconi@Oracle.com
About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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

Alex Moriconi

  • +1-650-607-6598

International Women’s Development Agency (IWDA) Furthers its Vision of a Gender Equal World with NetSuite OneWorld

Tue, 2017-11-28 16:00
Press Release
International Women’s Development Agency (IWDA) Furthers its Vision of a Gender Equal World with NetSuite OneWorld Australian Non-profit Centralises Financial Management to Achieve Operational Efficiencies Across the Agency

Sydney—Nov 28, 2017

Oracle NetSuite, the world’s leading provider of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, announced today that International Women’s Development Agency (IWDA), the leading Australian agency entirely focused on women’s rights and gender equality in Asia Pacific, implemented NetSuite OneWorld to centralise and improve financial management and deliver new operational efficiencies that will help it to strengthen and focus more deeply on its vision of gender equality for all.

Founded in 1985 and headquartered in Melbourne, Australia, IWDA’s mission is to advance and protect the rights of women and girls everywhere by promoting women’s leadership and participation, strengthening women’s safety and security, accelerating women’s economic empowerment and advancing systemic change. IWDA has worked with 194 program partners across 36 countries and territories around the world. Today, it is focused on partnership programs and projects across Asia Pacific as well as research, policy and advocacy through national, regional and global platforms. IWDA conducts gender-sensitive research  into topics such as- relationship between money and violence, violence against women with disabilities in Cambodia and the poverty gap between men and women. IWDA staff and partners are constantly on the move, working in urban or rural settings - from the Highlands of Papua New Guinea, to the Valleys of Myanmar and Mountains of Timor Leste or the Lagoons of the Solomon Islands. This creates significant challenges across communications, accountability, reporting and management.

The Social Impact arm of NetSuite is committed to mobilising corporate resources for social impact through its signature software donation and pro bono services. As a non-profit, IWDA qualified for NetSuite’s Social Impact software donation.

The organisation has experienced strong growth, with revenue increasing from $4.5m to $10.6m over four years through development grants and community support contributions. As a result, IWDA needed to replace its existing MYOB, Calxa and Excel spreadsheets for financial management and reporting. It implemented NetSuite OneWorld in January this year to free up time for staff to focus more time on programs, resources, partnerships and advocacy, rather than being bogged  down in manual processing and reporting.

“The centralised integrated cloud solution provided by NetSuite has brought an important technological leap for our operations and reduces management and duplication of data, creating efficiencies across the agency,” said Joanna Hayter, CEO at IWDA. “We are excited to advance our Agency’s productivity in this way and we believe NetSuite will continue to provide us with scalability for the future.”

NetSuite OneWorld supports 190 currencies, 20 languages, automated tax calculation and reporting in more than 100 countries; customer transactions in more than 200 countries; and enables businesses to streamline their mission-critical business processes.

NetSuite OneWorld has enabled IWDA to adopt a sophisticated financial knowledge management process delivering greater data integrity and minimising data duplication, it’s also bringing greater visibility to activity reporting and lifting IWDA to a new level of accountability and engagement between budget holders. The solution has also helped strengthen audit trails and reduce time spent on month-end reporting by at least three days, with an expectation this will reduce further. IWDA staff and partners can now also remotely access documentation and information anywhere, anytime

A critical part of the partnership was NetSuite’s ability to demonstrate similar corporate values in terms of its support for non-profits through its Corporate Social Responsibility (CSR) initiatives and an alignment of values and intent towards equitable fair work and vision. This important measure was the first attribute IWDA assessed when it first selected NetSuite.

“We’re delighted to be working with IWDA by providing the technology foundation to assist the organisation in its mission to help women reach true equality,” said Lee Thompson Group Vice President and General Manager, Asia Pacific and Japan (JAPAC), Oracle NetSuite. “With NetSuite OneWorld, IWDA can better use existing information and data to look more strategically into the future and make the best business decisions to further the organisation’s vision and meet its socially and economically important business objectives.”

Contact Info
Suzanne Myerson
Oracle NetSuite
suzanne.myerson@oracle.com
Mihika Gujral
Text 100 Global Communications
+ 61 2 9956 5733
mihika.gujral@text100.com.au
About Oracle NetSuite Social Impact

Oracle NetSuite Social Impact's mission is to accelerate the social impact of non-profit and social enterprises globally, regardless of ability to pay, with its software donation and pro bono services. For more information, please visit http://www.netsuite.com/socialimpact

About Oracle NetSuite

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

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

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Suzanne Myerson

Mihika Gujral

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New Oracle Cloud Infrastructure Innovations Deliver Unmatched Performance and Value for the Most Demanding Enterprise, AI and HPC Applications

Thu, 2017-11-16 07:00
Press Release
New Oracle Cloud Infrastructure Innovations Deliver Unmatched Performance and Value for the Most Demanding Enterprise, AI and HPC Applications Tops AWS with 1,214% better storage performance at 88% lower cost per IO

Redwood Shores, Calif.—Nov 16, 2017

Oracle today announced the general availability of a range of new Oracle Cloud Infrastructure compute options, providing customers with unparalleled compute performance based on Oracle’s recently announced X7 hardware. Newly enhanced virtual machine (VM) and bare metal compute, and new bare metal graphical processing unit (GPU) instances enable customers to run even the most infrastructure-heavy workloads such as high-performance computing (HPC), big data, and artificial intelligence (AI) faster and more cost-effectively.

Unlike competitive offerings, Oracle Cloud Infrastructure is built to meet the unique requirements of enterprises, offering predictable performance for enterprise applications while bringing cost efficiency to HPC use cases. Oracle delivers 1,214 percent better storage performance at 88 percent lower cost per input/output operation (IO)1.

New Innovations Drive Unrivaled Performance at Scale

All of Oracle Cloud Infrastructure’s new compute instances leverage Intel’s latest Xeon processors based on the Skylake architecture. Oracle’s accelerated bare metal shapes are also powered by NVIDIA Tesla P100 GPUs, based on the Pascal architecture. Providing 28 cores, dual 25Gb network interfaces for high-bandwidth requirements and over 18 TFLOPS of single-precision performance per instance, these GPU instances accelerate computation-heavy use cases such as reservoir modeling, AI, and Deep Learning.

Oracle also plans to soon release NVIDIA Volta architecture-powered instances with 8 NVIDIA Tesla V100 GPUs interconnected via NVIDIA NVLINK to generate over 125 TFLOPS of single-precision performance. Unlike the competition, Oracle will offer these GPUs as both virtual machines and bare metal instances.  Oracle will also provide pre-configured images for fast deployment of use cases such as AI. Customers can also leverage TensorFlow or Caffe toolkits to accelerate HPC and Deep Learning use cases.

“Only Oracle Cloud Infrastructure provides the compute, storage, networking, and edge services necessary to deliver the end-to-end performance required of today’s modern enterprise,” said Kash Iftikhar, vice president of product management, Oracle. “With these latest enhancements, customers can avoid additional hardware investments on-premises and gain the agility of the cloud. Oracle Cloud Infrastructure offers them tremendous horsepower on-demand to drive competitive advantage.”

In addition, Oracle’s new VM standard shape is now available in 1, 2, 4, 8, 16, and 24 cores, while the bare metal standard shape offers 52 cores, the highest Intel Skylake-based CPU count per instance of any cloud vendor. Combined with its high-scale storage capacity, supporting up to 512 terabytes (TB) of non-volatile memory express (NVMe) solid state drive (SSD) remote block volumes, these instances are ideal for traditional enterprise applications that require predictable storage performance.

The Dense I/O shapes are also available in both VM and bare metal instances and are optimal for HPC, database applications, and big data workloads. The bare metal Dense I/O shape is capable of over 3.9 million input/output operations per second (IOPS) for write operations. It also includes 51 TB of local NVMe SSD storage, offering 237 percent more capacity than competing solutions1.

Furthermore, Oracle Cloud Infrastructure has simplified management of virtual machines by offering a Terraform provider for single-click deployment of single or multiple compute instances for clustering. In addition, a Terraform-based Kubernetes installer is available for deployment of highly available, containerized applications.

By delivering compute solutions that leverage NVIDIA’s latest technologies, Oracle can dramatically accelerate its customers’ HPC, analytics and AI workloads. “HPC, AI and advanced analytic workloads are defined by an almost insatiable hunger for compute,” said Ian Buck, general manager and vice president of Accelerated Computing at NVIDIA. “To run these compute-intensive workloads, customers require enterprise-class accelerated computing, a need Oracle is addressing by putting NVIDIA Tesla V100 GPU accelerators in the Oracle Cloud Infrastructure.”

“The integration of TidalScale's inverse hypervisor technology with Oracle Cloud Infrastructure enables organizations, for the first time, to run their largest workloads across dozens of Oracle Cloud bare metal systems as a single Software-Defined Server in a public cloud environment,” said Gary Smerdon, chief executive officer, TidalScale, Inc. “Oracle Cloud customers now have the flexibility to configure, deploy and right-size servers to fit their compute needs while paying only for what they use.”

“Cutting-edge hardware can make all the difference for companies we work with like Airbus, ARUP and Rolls Royce,” said Jamil Appa, co-founder and director of Zenotech. “We’ve seen significant improvements in performance with the X7 architecture. Oracle Cloud Infrastructure is a no-brainer for compute-intensive HPC workloads.”

1 Based on comparison to AWS i3.16XL using industry-standard CloudHarmony benchmark, a measure of storage performance across a range of workloads. For more information, see: https://blogs.oracle.com/cloud-infrastructure/high-performance-x7-compute-service-review-analysis

Contact Info
Greg Lunsford
Oracle
+1.650.506.6523
greg.lunsford@oracle.com
Kristin Reeves
Blanc & Otus
+1.415.856.5146
kreeves@blancandotus.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.

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Greg Lunsford

  • +1.650.506.6523

Kristin Reeves

  • +1.415.856.5146

Everest Group PEAK Matrix™ Assessment for Life Sciences Clinical Trial Products Names Oracle Health Sciences as a Top Leader

Tue, 2017-11-14 07:00
Press Release
Everest Group PEAK Matrix™ Assessment for Life Sciences Clinical Trial Products Names Oracle Health Sciences as a Top Leader Oracle Health Sciences Obtains Top Quartile Position and Receives High Commendation for its eClinical Platform

Redwood Shores Calif—Nov 14, 2017

Oracle Health Sciences today announced that it has been identified as a Leader in the top quartile in Everest Group’s PEAK Matrix™ Assessment of Life Sciences Clinical Trial Products 2017.
 
Oracle Health Sciences received superior marks in “clinical trials value chain coverage” which included pre-clinical, clinical trials, pharmacovigilance and regulatory affairs.  
 
“We believe our being named a leader and in the top position is further validation of Oracle’s continued momentum in the eClinical space,” said Steve Rosenberg, general manager, Oracle Health Sciences. “We realized some time ago that the way technology was supporting clinical research had to change.  The collections of point solutions you see on the market today are not serving the industry’s needs.  Our response to this problem is Clinical One.  Our vision, resources and technology are designed to carry our customers into the future with a single cloud-based eClinical platform that unifies clinical teams, processes and data in a profound new way.”
 
Unlike other reports and analyses that rank solution providers solely based on revenue, Everest Group assesses companies based on market impact (market adoption, value delivered and portfolio mix) as well as vision and capability (vision and strategy, functionality, flexibility and ease of deployment, engagement and commercial model and support) to evaluate marketplace success.
 
“After evaluating Oracle’s vision and capability as well as market impact for their Clinical One Platform, which is approaching clinical technology in a new and innovative manner, we placed them as a Leader. In addition to their market penetration, Oracle’s breadth and depth of capabilities represent what we consider to be a leading solution in the eClinical space,” said Nitish Mittal, Practice Director, Everest Group.
Contact Info
Valerie Beaudett
Oracle
+1 650.400.7833
Valerie.Beaudett@oracle.com
Christina McDonald
Burson Marsteller
+1 516.603.2445
Christina.McDonald@bm.com
Additional Resources
Download the Everest Group PEAK Matrix Summary Report
Learn more about Oracle Health Sciences Clinical One eClinical Platform
 
About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.
 
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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
Talk to a Press Contact

Valerie Beaudett

  • +1 650.400.7833

Christina McDonald

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Independent News and Media Selects Oracle to Enhance its Advertising Operations

Tue, 2017-11-14 03:00
Press Release
Independent News and Media Selects Oracle to Enhance its Advertising Operations Oracle BlueKai Data Management Platform to provide relevant and targeted adverts to readers in Ireland

Dublin, Ireland—Nov 14, 2017

Independent News and Media (INM), has selected Oracle to help it offer its advertisers personalised, targeted data-driven campaigns across their online platforms. Using Oracle BlueKai Data Management Platform (DMP), INM will be one of the first media outlets in Ireland to be able to offer this innovation in advertising technology to its advertisers.

Independent News and Media is looking to make use of the most innovative technologies, including cloud and mobile, to ensure that it provides the best possible experience to its advertisers, partners and readers throughout Ireland. To meet these goals and enhance its advertising function, Independent News and Media selected Oracle BlueKai DMP. 

By implementing Oracle BlueKai DMP, Independent News and Media will be able to offer advertisers more personalised and targeted marketing campaigns. In addition, the new data management platform will ensure that readers only receive advertising that is relevant to them.

“At INM we are passionate about creating meaningful connections with our 2.4M weekly readers through our content and advertising solutions. We are particularly proud to announce that we have partnered with Oracle to launch our new Data Management Platform. This partnership will open a world of new possibilities for brands to connect with our audiences through advertising solutions that are based on first party data. After in-depth research into selecting the right DMP partner for INM, Oracle is the perfect fit as it continually proves itself to be at the forefront of innovation when it comes to digital marketing technology,” said Chris Gordon, Head of Digital Ad Operations at Independent News and Media, Ireland’s largest publisher.

“Delivering robust and compelling marketing campaigns comes down to having an in-depth understanding of your audience,” commented John Donnelly, Oracle Country Leader, Ireland. “This understanding only comes from extracting the huge amount of data media publications own and analysing and segmenting. With the implementation of Oracle Bluekai DMP, Independent News and Media will be able to drill down into the granular detail of its data and provide its advertising partners with campaigns that deliver a strong return on investment.”

Contact Info
James Drake
Oracle EMEA Corporate Communications
+44 (0)7917584801
james.w.drake@oracle.com
Maria Harte
INM Business Marketing Manger
+353 083 4507853
mharte@independent.ie
About Independent News & Media

Independent News & Media is the largest media company in Ireland. Our titles dominate the Irish newspaper market and online media space, reaching a combined 2 million readers weekly.

INM is powered by a team of experts in the fields of journalism, marketing, product, design and research. We produce the most informed content and bring it to our readers through progressive digital technologies and distribution.

We collaborate with brands to devise the most effective advertising solution every time. Together we engage with loyal and passionate audiences across digital and print, every minute of every day.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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

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James Drake

  • +44 (0)7917584801

Maria Harte

  • +353 083 4507853

Under a Project Commissioned by the Ministry of Environment Japan, Oracle Utilities Collaborates with Five Major Utilities in Support of Reducing Japan’s CO2 Emissions

Mon, 2017-11-13 07:00
Press Release
Under a Project Commissioned by the Ministry of Environment Japan, Oracle Utilities Collaborates with Five Major Utilities in Support of Reducing Japan’s CO2 Emissions Oracle Opower Home Energy Reports to educate consumers on energy consumption behaviors in support of energy efficiency

Redwood Shores, Calif.—Nov 13, 2017

Oracle Utilities today announced that it is working with the Ministry of Environment (Japan) and five major utilities in the country as part of the Ministry’s effort to promote a Japanese model of information-based C02-reducing behavioral changes in the residential sector. To help Japan meet its climate change counter-measure plan and Paris Agreement commitments to reduce greenhouse gas emissions by 26 percent by fiscal year 2030 (compared to fiscal year 2013 levels), Oracle Utilities Opower Energy Efficiency Cloud Service will be utilized to provide personalized energy efficiency guidance to 300,000 households across five utility territories throughout Japan.

With nearly 70 percent of the average Japanese household’s carbon footprint stemming from energy use, Japan’s Ministry of Environment (MOE) commissioned a nationwide study to measure the potential of residential behavioral energy efficiency programs as a means of reaching Japan’s fiscal year 2030 CO2 emissions’ reduction goals—of which a 40% reduction is required in residential-sector emissions alone. As part of this effort, Oracle Utilities will work with five major Japanese utilities, including Hokkaido Gas, Ltd., Tohoku Electric Power Co., Inc., Hokuriku Electric Power Co., Inc., Kansai Electric Power Co., Inc., and Okinawa Electric Power, Co., Inc., to deliver Home Energy Reports (personalized energy consumption communications) to residents across each utility territory using the Opower Energy Efficiency Cloud Service platform.

“It is very rewarding to be able to contribute to energy efficiency around the globe. Japan is another example of the current energy efficiency programs we are running with 87 utilities around the world in order to create a more sustainable planet. The goal of Oracle Utilities is to provide superior technology—both cloud and on-premises—to support our utility customers in meeting objectives such as energy efficiency, improving customer experience, modernizing network management and better managing their assets as the industry continues to innovate,” said Rodger Smith, senior vice president and general manager of Oracle Utilities.

Leveraging Oracle Utilities’ Opower Energy Efficiency Cloud Service, each of the five utilities will deliver Home Energy Reports to 60,000 of their residents for a total of 300,000 homes across Japan. Each resident will receive reports with personalized insights that are designed to raise energy efficiency awareness by making consumers’ energy consumption easy to understand (such as by comparing each household’s gas or electricity usage with that of similar homes and providing tips tailored to each household on how they can reduce waste where it makes sense for them to do so). This unique combination of analytics and behavioral design, enabled through a scalable SaaS platform, is proven to drive measureable energy efficiency results around the world.

“Enabling consumers to track their energy usage and contribute to the country’s goal of reducing greenhouse gas emissions has been a goal for Japan for many years. Taking this next step in our efforts with Oracle Utilities Japan is yet another milestone for us in meeting our objectives”, said Hidetoshi Nakagami, Chairman of Jyukankyo Research Institute, President of JAESCO, and member/leader of numerous governmental advisory committees in Japan.

Contact Info
Valerie Beaudett
Oracle
+1 650.400.7833
valerie.beaudett@oracle.com
Christina McDonald
Burson Marsteller
+1 212.614.4221
christina.mcdonald@bm.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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

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Valerie Beaudett

  • +1 650.400.7833

Christina McDonald

  • +1 212.614.4221

Healthcare Organizations Choose Oracle EPM Cloud to Modernize Operations

Thu, 2017-11-09 07:00
Press Release
Healthcare Organizations Choose Oracle EPM Cloud to Modernize Operations Hospitals, healthcare providers and research centers select Oracle EPM Cloud to deliver high-quality patient care and control costs

Redwood Shores, Calif.—Nov 9, 2017

Healthcare organizations across the U.S. have invested in Oracle Enterprise Performance Management (EPM) Cloud solutions to embrace digital technologies and modern best practices. Oracle EPM Cloud healthcare customers include: Harvard Pilgrim Health Care, University of Texas Medical Branch at Galveston, and the University of Texas at Tyler.

To deliver high-quality patient care while controlling costs, healthcare organizations need to rethink existing business processes in order to enhance operational performance. To successfully make this transition and modernize operations, hospitals, health care providers and research centers need accurate and reliable data to plan, monitor, forecast and assess clinical, financial and operational performance across all departments.

Oracle EPM Cloud enables healthcare organizations of any size to drive predictable performance through transparent reporting and accurate forecasting insights. With an intuitive user experience and prebuilt financial functions, Oracle EPM Cloud provides healthcare organizations with greater insights by automating data analysis and creating custom planning and forecasting models. The increased visibility into financial operations delivered by Oracle EPM Cloud also helps healthcare organizations become more efficient and improve decision-making processes.

As the healthcare industry transforms, Oracle EPM Cloud solutions enable healthcare organizations to modernize operations by delivering:

  • Increased Visibility: Oracle EPM Cloud delivers modern, simple and easy-to-use solutions that empower employees by providing a centralized platform that increases collaboration and improves visibility and control.
  • Transparent Reporting: Oracle EPM Cloud enables healthcare organizations to improve profitability and cost management by providing accurate, real-time business insights that help predict performance and improve financial decision making.
  • Cost Management: Oracle EPM Cloud helps healthcare organizations increase efficiencies and spend more time on patient care by standardizing and automating business processes and reducing IT costs.

“We are helping healthcare organizations keep pace in their dynamic environment,” said Hari Sankar, group vice president, EPM product management at Oracle. “Oracle is helping more and more healthcare organizations fully realize the business benefits from the cloud. With Oracle EPM Cloud, these organizations can simplify manual processes to spend more time with their patients.”

Contact Info
Evelyn Tam
Oracle PR
1.650.506.5936
evelyn.tam@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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.

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Evelyn Tam

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Smartphones, IoT and Connected Cars Fueling Rise in LTE Network Traffic

Wed, 2017-11-08 07:00
Press Release
Smartphones, IoT and Connected Cars Fueling Rise in LTE Network Traffic Annual Oracle Index Provides Communications Professionals a Road Map to Better Plan For and Manage Global Growth in LTE Diameter Signaling

AFRICACOM 2017, SOUTH AFRICA and REDWOOD SHORES, Calif.—Nov 8, 2017

Oracle today announced the “Oracle Communications LTE Diameter Signaling Index, Sixth Edition,” highlighting the continued explosive growth in LTE Diameter Signaling traffic. Fueled heavily by the proliferation of smartphones and rise of Internet of Things (IoT) enabled devices, the report demonstrates that Diameter signaling shows no sign of slowing and is expected to generate 595 million messages per second (MPS) by 2021. Other key developments impacting LTE network traffic include LTE broadcast, VoLTE, and signaling associated with the policy management required to support more sophisticated data plans and applications. Connected cars also continue to show strong network traffic momentum, with 9.4 MPS and a compound annual growth rate (CAGR) of 30 percent.

The report was designed as a tool for communications service providers (CSPs) network engineers and executives to plan for expected increases in signaling capacity over the next five years. Download the Full Report and Infographic.

It is anticipated that growth will continue in Diameter even as 5G implementations begin. While Diameter will not be the main signaling protocol of 5G, it will remain as an important part of 5G networks.

For example, according to Statista.com, smartphones will represent 76 percent of wireless connections by 2021. As consumers maintain their appetite for “always on” connections to increasingly sophisticated and data intensive applications such as gaming and video, LTE network traffic will continue to skyrocket. Likewise, devices that reach beyond the traditional mobile handset, such as IoT sensors used in everything from tracking available parking spots and moisture in crops to lost pets or workers on a job site will have a significant impact on Diameter signaling growth.

“Diameter signaling traffic continues to grow significantly with little end in sight. While smartphones continue to be the traffic leader, applications such as connected cars and IoT promise a significant impact to network traffic in years to come,” said Greg Collins, Founder and Principal Analyst, Exact Ventures. “Diameter signaling controllers continue to be vital network elements, which help enable operators to secure their network borders and to efficiently and effectively route signaling traffic. As such, it is critical for CSPs to understand what’s driving traffic and where, enabling them to avoid signaling traffic issues than can cause network outages, thereby reducing customer satisfaction and increasing customer churn.”

 “With consumer expectations at an all-time high, it’s more critical than ever that CSPs innovate and plan for continued Diameter signaling growth in order to stay relevant,” said Doug Suriano, senior vice president and general manager, Oracle Communications. “The cloud continues to offer one of the clearest avenues for CSPs to accelerate and achieve these goals.”

Oracle helps CSPs create a more scalable and reliable Diameter signaling infrastructure with Oracle Communications Diameter Signaling Router and Oracle Communications Policy Management.

LTE Diameter Signaling Traffic by Region
  • Latin America and the Caribbean continues to show accelerated growth in Diameter networks. The region will generate 52 million MPS by 2021, a CAGR of 34 percent. Brazil is the largest contributor of Diameter signaling, followed by Mexico. 

  • The Middle East will reach 27.9 million MPS of Diameter signaling by 2021, a CAGR of 23 percent. Turkey and Iran are the largest generators in the region.

  • Africa continues to show strong growth in Diameter signaling. The region will generate 20 million MPS by 2021, a CAGR of 63 percent. Egypt is the top generator, followed by Nigeria and South Africa.

  • Central and Southern Asia will account for 10 percent of the world’s Diameter signaling, reaching 62.4 million MPS, a CAGR of 38 percent, by 2021. Policy management is the largest generator of Diameter signaling in the region, generating 10.4 percent of the world’s policy-related Diameter signaling. Pakistan, followed by India, is the largest generators.

  • Oceania, Eastern and South-Eastern Asia generates nearly half of the world’s Diameter signaling (45 percent). By 2021, the region will generate 265 million MPS of Diameter signaling, a CAGR of 18 percent. The region is also responsible for 44 percent of the world’s policy Diameter signaling, generating 131 million MPS by 2021. China alone will generate 83.5 million MPS of policy generated Diameter signaling by 2021. Indonesia is also showing strong growth.

  • North America leads the world in LTE penetration as service providers move aggressively to sunset 2G and 3G services in favor of 4G/5G. The region will show moderate growth in the coming year, generating 59.3 million MPS by 2021, a CAGR of 12 percent.

  • Eastern and Western Europe. Eastern Europe will generate 48 million MPS of Diameter signaling, a CAGR of 46 percent by 2021. Russia, followed by Poland, are the strongest generators in the region. In comparison, Western Europe will generate 61 million MPS, a CAGR of 23 percent. The United Kingdom generates the most Diameter signaling in the region today, but Germany will surpass the UK generating 6.4 million MPS of Diameter signaling by 2021. 


Usage and Citation

Oracle permits the media, financial and industry analysts, service providers, regulators, and other third parties to cite this research with the following attribution:
Source: “Oracle Communications LTE Diameter Signaling Index, Sixth Edition.”

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

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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.

Talk to a Press Contact

Katie Barron

  • +1.202.904.1138

Kristin Reeves

  • +1.415.856.5145

SunMoon Food Company Implements NetSuite OneWorld to Support Rapid Global Expansion

Tue, 2017-11-07 20:00
Press Release
SunMoon Food Company Implements NetSuite OneWorld to Support Rapid Global Expansion Fresh produce distributor increases productivity and efficiency, saves S$20,000 in just five months

Sngapore—Nov 8, 2017

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, announced today that SunMoon Food Company Limited (SunMoon), a global distributor of fruit and food products, has deployed NetSuite OneWorld to support its global growth, enabling dramatically increased overall productivity and efficiency. In just five months, NetSuite OneWorld facilitated 900 transactions, having saved SunMoon 150 hours and an estimated S$20,000.

Live in April 2017, SunMoon is leveraging OneWorld for financials, inventory and order management, financial consolidation across three subsidiaries in China, Indonesia, and the US, and multicurrency transactions in 11 different currencies – Australian, Canadian, Hong Kong, Singapore and US Dollar, Euro, Indonesian Rupiah, Malaysian Ringgit, Renminbi and Thai Baht. It also supports, English, Chinese, and Bahasa Malay.

Established in 1983, SunMoon distributes a wide range of fresh and sustainable produce, from premium frozen durians to ready-to-eat sweet corn. The produce is directly sourced from over 200 carefully selected and certified suppliers according to the ‘SunMoon Quality Assurance’ standard, a critical checklist of freshness, quality, safety and traceability. It is then distributed to health-conscious consumers globally, across various ecommerce channels, major supermarkets and SunMoon’s own franchise outlets.

Prior to deploying NetSuite OneWorld, SunMoon primarily used emails to correspond with its farmers, suppliers and customers for stock taking, order management, invoicing and billing. This required significant manual coordination, making it extremely difficult to track orders and compare quotes, greatly impacting productivity and the company’s growth potential.

NetSuite OneWorld empowers SunMoon’s suppliers to enter expiry dates, packaging sizes and other details from any internet-connected device into the cloud-based system. Based on this information, SunMoon can easily create a quote for its customers, which they can accept with just one click. NetSuite OneWorld then automatically sends a PO to farmers and generates an invoice once the order has been fulfilled.

“SunMoon offers over 200 products through more than 11,000 points of sales to 169 customers in 20 countries, and these numbers are growing daily,” said Gary Loh, Deputy Chairman and CEO of SunMoon Food Company Limited. “With NetSuite OneWorld, we’ve been able to move our products seamlessly from farm to fork on a global scale much faster and more efficiently. Using NetSuite OneWorld’s integrated capabilities helps us transform SunMoon into an asset-light and customer-centric enterprise.”

NetSuite OneWorld also supports SunMoon’s aggressive expansion plans. “Thanks to NetSuite OneWorld, we can enter new markets more easily,” continued Loh. “It’s multi-language and multi-currency features put us on the world map, empowering us to further expand our operations in Indonesia, the US and Southeast Asia. And best of all, we won’t even need an overseas IT department to support these countries. Our Singapore team can provide support remotely as NetSuite OneWorld is completely cloud based.”

Zakir Ahmed,General Manager, Oracle NetSuite Asia commented: “With Asia Pacific accounting for nearly 60 percent of the global population, an efficient food supply chain and distribution network is even more critical here than anywhere else in the world. We are committed to giving forward-looking businesses the tools to innovate. SunMoon is a great example of a business that harnesses technology to digitise and transform this traditional market.

NetSuite OneWorld supports 190 currencies, 20 languages, automated tax calculation and reporting in more than 100 countries, and customer transactions in more than 200 countries and territories. These global financial capabilities give SunMoon real-time organisation-wide visibility and new insights for its three subsidiaries via supplier, customer and other transaction data.

Contact Info
Suzanne Myerson
Oracle NetSuite
+61 414 101 583
suzanne.myerson@oracle.com
Mizu Chitra
Text100 Singapore
+65 6603 9000
SGNetSuite@text100.com.sg
About Oracle NetSuite

Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world's first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.com.sg.

Follow NetSuite's Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

About SunMoon Food Company Limited (www.sunmoonfood.com)

SunMoon Food Company Limited (“SunMoon”) is a global distributor and marketer of nutritious fresh fruits, vegetables, and products, delivered to the health-conscious consumer in the most convenient way.

Started in 1983, SunMoon has grown its product offering to over 200 product types, including fresh fruits, vegetables, freeze-dried fruit snacks, nuts, fruit cups, fruit sticks, juices, sorbets, frozen fruits and assorted water packaged under its own brand.

With an extensive sales network of over 11,000 points of sales globally, SunMoon's offering of quality, premium products are distributed via supermarkets, convenience stores, online and wholesale channels, airlines, food services as well as SunMoon's franchise outlets in Singapore.

Since 2015, the company has shifted towards an asset-light consumer-centric and brand-focused business model by tapping on its strong brand equity and the 'Network x Geography x Product' operational model. Instead of owning farms, SunMoon works with farmers to ensure they meet our quality standards.

SunMoon's products come with the SunMoon Quality Assurance, backed by internationally recognised accreditations such as HACCP; Good Manufacturing Practice (GMP); AIB (Excellent), ISO 22000, Halal and Kosher Certification.

SunMoon was listed in 1997 on the Mainboard of the Singapore Exchange. 

Talk to a Press Contact

Suzanne Myerson

  • +61 414 101 583

Mizu Chitra

  • +65 6603 9000

Chartis Names Oracle RiskTech100 Leader

Tue, 2017-11-07 08:00
Press Release
Chartis Names Oracle RiskTech100 Leader Oracle wins four best-in-category awards at annual RiskTech event

Redwood Shores Calif—Nov 7, 2017

Oracle Financial Services Analytical Applications (OFSAA) has been named a leader on this year’s Chartis: RiskTech100 list. Adding to this success, Oracle brought home four category awards including: Risk Data Aggregation & Reporting (3rd year in a row), Balance Sheet Risk Management, Banking (Industry Category) and Core Technology (Chartis Category). This marks the second consecutive year that Oracle Financial Services has ranked at the top of the Chartis RiskTech100.
 
“For the second year in a row we are delighted to see our OFSAA suite recognized as an industry leader on the RiskTech100 list,” said Vice President of the Oracle Financial Services Global Business Unit, Ambreesh Khanna. “Our integrated architecture with a broad array of Risk, Finance, Compliance and Front Office applications continue to help banks manage their Risk, deploy Capital more efficiently, reduce operating costs and improve overall profitability. Our unified data architecture which allows banks to source data once and use multiple times is unique in the market. Our relentless focus on using modern technology within our platform allows us to scale our applications to meet the demands of the largest banks while significantly lowering operating costs.”
 
The Chartis RiskTech100 ranking is acknowledged globally as a comprehensive independent study of major players in risk and compliance technology. Companies featured in the RiskTech100 are drawn from a range of RiskTech specialisms and meet the needs of both financial and non-financial organizations. Rankings are determined by a focus on solutions, industry segments and success factors. Only companies that sell their own risk management software products and solutions are included within the report.
 
“Based on our extensive methodology, Oracle has once again garnered strong placement on the RiskTech100,” said Rob Stubbs, Head of Research at Chartis Research. “As the risk and financial crime landscape has evolved, Oracle Financial Services continues to keep pace with the industry to deliver strong solutions and continued growth.”
 
RiskTech100 evaluates the fast-moving RiskTech market with a considered methodology that has seen a greater focus on financial crime in 2018. The report rankings reflect Chartis analyst expert opinions along with research into market trends, participants, expenditure patterns and best practices. Chartis began accumulating data for this study in January 2017 and validated the analysis through several phases of independent verification. Individual ranking assessment criteria comprises six equally weighted categories: functionality, core technology, strategy, customer satisfaction, market presence and innovation. Oracle scored high marks across the board, re-affirming their position at the forefront of RiskTech.
 
Download an executive summary of the 2018 Chartis RiskTech100 ranking here.
Contact Info
Alex Moriconi
Oracle
+1-650-607-6598
alex.moriconi@oracle.com
About Oracle
The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries and territories while processing 55 billion transactions a day. For more information about Oracle (NYSE:ORCL), please visit us at http://cloud.oracle.com.
 
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
 
About Chartis
Chartis is the leading provider of research and analysis on the global market for risk technology, and is part of InfoPro Digital. Chartis's goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.
 
RiskTech Quadrant®, RiskTech100® and FinTech QuadrantTM are registered trademarks of Chartis Research (http://www.chartis-research.com).
 
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Alex Moriconi

  • +1-650-607-6598

Oracle Utilities Defines Cloud Path for Utilities

Mon, 2017-11-06 09:30
Press Release
Oracle Utilities Defines Cloud Path for Utilities Trusted industry leader showcases cloud expertise, solutions at new Cloud for Utilities Summit this week in Washington, D.C.

Cloud for Utilities Summit, Washington DC—Nov 6, 2017

Today Oracle Utilities announced it is bringing the benefits of cloud to D.C. as part of the inaugural Cloud for Utilities Summit. The conference offers Oracle Utilities, a leading provider of cloud applications to utilities, the opportunity to put its cloud imperative into practice: that vendors and utilities must collaborate to deliver on the promise of the cloud—a new, two-way, customer-centric utility of the future.

With over 100 SaaS clients worldwide, Oracle Utilities delivers one of the largest platforms of Software as a Service (SaaS) applications for utilities and is rapidly expanding its cloud suite, which already includes applications for work and asset management, AMI, smart meter and device management, and analytics. And, with the acquisition of Opower in 2016, Oracle Utilities further expanded its cloud platform with SaaS utility customer engagement and energy efficiency solutions.

While some major technology providers’ cloud applications require buy-in to large, hosted technology or data platforms that are not truly SaaS, Oracle Utilities has taken a different approach—delivering targeted, true cloud solutions that address utilities’ most pressing challenges, while being flexible and modular to support utility evolution and growth.

“We are not going to simply put a cloud stamp on hosted solutions, that’s not what our clients expect from a trusted and committed technology partner. It’s important that our utility clients have access to true SaaS applications that will deliver the greatest benefit, and that they have our support in defining the best cloud strategy that takes advantage of all cloud options available,” said Rodger Smith, senior vice president and general manager, Oracle Utilities.

Oracle Utilities is committed to delivering the cloud benefits its clients need quickly. In the past year alone, three brand new SaaS applications were released to meet clients’ needs: Oracle Utilities Work and Asset Cloud Service, Oracle Utilities Operational Device Cloud Service, and Oracle Utilities Digital Self Service (DSS). DSS was born in the Cloud as the first joint application with Opower and allows utilities to deliver deep digital customer engagement while connecting seamlessly to back office systems.

“This is just the beginning, we’re about to change the SaaS CIS market, too,” Smith added.

Oracle Utilities Customer Cloud Service is set to release in the next 12 months, and it will be the first truly SaaS, market-leading customer information system built for the utilities industry, with a comprehensive meter-to-cash-to-customer solution, standardized implementation and Oracle-delivered solution maintenance. This service is set to tackle some of the biggest challenges for utilities by lowering both risk and costs for implementation projects and technology maintenance.

“We continue to hear from the industry that true SaaS solutions are increasingly attractive,” added Marisa Uchin, senior director, regulatory affairs for Oracle Utilities. “As the utility industry continues to transform into more customer-centric and data-driven, digitized businesses, we are seeing a recognition by both utilities and regulators alike that true SaaS solutions provide the responsiveness, agility and customer-centric benefits needed to master this transformation. We are excited to continue our close work with utility partners and regulators to facilitate cloud adoption in a way that delivers benefits for both utilities and customers.”

Rick Cutter, Managing Director, Cloud for Utilities, said, “We are very happy to have Oracle as a partner in this endeavor. Oracle continues to lead in technology and business models for the utility industry.”

Contact Info
Valerie Beaudett
Oracle
+1 650.400.7833
valerie.beaudett@oracle.com
About Cloud for Utilities

The Cloud for Utilities organization is the preeminent resource for cloud business models focused on the utility industry. The organization focuses on the education, supporting career advancement, improving organization success and to support the advancement of cloud business models in the utility industry. The inaugural Cloud for Utilities Summit will be held Sunday November 5th through the Tuesday November 7th at the Mayflower Hotel in Washington DC. To learn more about the Cloud for Utilities Summit, visit CloudForUtilities.org.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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.  

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Valerie Beaudett

  • +1 650.400.7833

National Restaurant Association Educational Foundation and Oracle Hospitality Empower Students to Get Creative about Future of Hospitality

Thu, 2017-11-02 08:00
Press Release
National Restaurant Association Educational Foundation and Oracle Hospitality Empower Students to Get Creative about Future of Hospitality New report highlights innovative culinary and restaurant management concepts developed by students participating in the national ProStart Invitational

Redwood Shores, Calif.—Nov 2, 2017

The National Restaurant Association Educational Foundation (NRAEF) and Oracle Hospitality present “A Look Inside the National ProStart Invitational.” The report showcases the innovative restaurant and culinary concepts developed by high school students who are enrolled in ProStart®, a two-year career and technical education program in secondary schools nationwide that teaches culinary arts and restaurant management skills and fundamentals.

“Oracle Hospitality is extremely proud to be supporting the 2017 National ProStart Invitational—it gives the students a life-changing opportunity to find a career in this exciting industry of ours, while simultaneously helping our customers, restaurant operators, in finding new talent for them to recruit,” said Brett R. Smith, Senior Director, Food and Beverage Solutions Management, Oracle Hospitality. “This report offers us a glimpse into the creative innovative minds of the next generation foodservice industry.”

Nearly 400 students who participated in this year’s National ProStart Invitational presented concepts to a panel of industry judges. Based on qualitative data collected from the students’ submitted materials, the NRAEF tracked methods, ingredients used, restaurant concepts and students inclusion of technology and innovation to determine the core themes of the competition and ultimately the report findings.

This year’s report unveils themes of sustainability, philanthropy and efficiency. It also showcases innovation, not only with food ingredients and various culinary concepts, but students’ desire to use technology to enhance the food service experience overall.

“Once again, we’re proud to partner with Oracle to highlight insights from students at our National ProStart Invitational,” said Rob Gifford, Executive Vice President, NRAEF. “The report showcases how much students learn from ProStart, and the students’ dedication to coming up with new and creative concepts and possible trends in the restaurant and foodservice industry.”

Report highlights include:

Students incorporated innovative technology into their restaurant concepts:

  • Students used restaurant floor planning software to design a layout of their concepts, designed websites as a marketing technique, created social media campaigns, ideated smartphone applications, and allowed ordering through tablets
  • Teams employed different point-of-sale systems, allowing customers to place orders through tablets, kiosks, or mobile applications
  • The use of technology was not simply limited to the customer and employee experiences—teams leveraged solar panels, biogas generator, and geothermal energy to sustain restaurant operations

Students showcased their culinary skills through new techniques:

  • Seafood was the overwhelming favorite ingredient used for appetizers
  • Standout ingredients included wakame seaweed, quail eggs and game meats
  • Teams exercised pickling techniques across starters, entrees and desserts—from chicken wings to lemon curd
  • Required to showcase certain knife skills, students chose chiffonade, julienne, small dice, brunoise and rondelle

Students promoted sustainability, philanthropy and efficiency across concepts:

  • Concepts centered on locally-sourced, health-conscious and fusion cuisine; more than half of the menus featured gluten free, vegan and vegetarian options
  • Concepts presented were classified as either casual dining, quick casual/fast casual or quick service, which illustrated a critical trend in the industry—a shift away from traditional, sit-down, in-restaurant dining
  • Nearly 50 percent of management teams’ concepts promoted community engagement and contained a philanthropic component, such as a culinary internship for at-risk youth, a book donation drop, a pay-it-forward giving model, and a weekly fundraising night for local non-profits
  • Concepts also incorporated unique food delivery services at popular on-the-go venues, such as the airport or gym, to effectively reach target audiences

“A Look Inside the National ProStart Invitational” and an accompanying infographic can be found here: https://go.oracle.com/LP=60748?elqcampaignid=104070.

As a sponsor of the ProStart program Oracle Hospitality is actively taking a role in empowering the next generation of hospitality. Oracle Hospitality provides comprehensive solutions that elevate guest experiences while streamlining operations with point of sale, kitchen and back office management and mobile technologies. Oracle Hospitality tools ensure that food and beverage operations with thousands of workstations or single property locations have the same ability to deliver brand loyalty and customer loyalty.

Reaching nearly 140,000 students annually, ProStart is offered in more than 1,800 high schools and career and technical education centers in all states, Guam and Department of Defense Education Activity schools in Europe and the Pacific. For more information on the ProStart program, visit ChooseRestaurants.org/ProStart or find us on Twitter or Facebook.

Contact Info
Matt Torres
Oracle PR
+1.415.595.1584
matt.torres@oracle.com
Patty Oien
Blanc & Otus
+1.510.303.7289
patty.oien@blancandotus.com
Jasmine Jones
NRAEF
202-315-4101
jajones@nraef.org
About the National Restaurant Association Educational Foundation

As the philanthropic foundation of the National Restaurant Association, the National Restaurant Association Educational Foundation’s mission of service to the public is dedicated to enhancing the industry’s training and education, career development and community engagement efforts. The NRAEF and its programs work to Attract, Empower and Advance today’s and tomorrow’s restaurant and foodservice workforce. NRAEF programs include: ProStart®—a high-school career and technical education program; Restaurant Ready—partnering with community based organizations to provide “opportunity youth” with skills training and job opportunities; Military—helping military servicemen and women transition their skills to restaurant and foodservice careers; Scholarships—financial assistance for students pursuing restaurant, foodservice and hospitality degrees; and, the Hospitality Sector Registered Apprenticeship Project—a partnership with the American Hotel & Lodging Association providing a hospitality apprenticeship program for the industry. For more information on the NRAEF, visit ChooseRestaurants.org.

About Oracle Hospitality

Oracle Hospitality brings 35 years of experience in providing technology solutions to food and beverage operators. We provide hardware, software, and services that allow our customers to deliver exceptional guest experiences while maximizing profitability. Our solutions include integrated point-of-sale, loyalty, reporting and analytics, inventory and labor management, all delivered from the cloud to lower IT cost and maximize business agility. For more information about Oracle Hospitality, please visit www.Oracle.com/Hospitality.

About Oracle

The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries and territories while processing 55 billion transactions a day. For more information about Oracle (NYSE:ORCL), please visit us at 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.

Talk to a Press Contact

Matt Torres

  • +1.415.595.1584

Patty Oien

  • +1.510.303.7289

Jasmine Jones

  • 202-315-4101

Unilab Turns to NetSuite OneWorld for a Modern, Cloud-based System to Transform B2B Operations

Wed, 2017-11-01 19:00
Press Release
Unilab Turns to NetSuite OneWorld for a Modern, Cloud-based System to Transform B2B Operations Philippines' largest pharmaceutical company improves efficiency, transparency in B2B healthcare distribution channel

San Mateo, Calif., and Makati Citry, Philippines—Nov 2, 2017

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERPHRProfessional Services Automation (PSA) and omnichannel commerce software suites, announced today that Unilab, the largest pharmaceutical company in the Philippines, has implemented NetSuite OneWorld to help power its 21 distributors by setting them up as individual business partners. Unilab upgraded from a 15-year-old locally developed application to a unified cloud ERP system, enabling its distributors to easily manage inventory and billing processes of around 10,000 trade accounts such as drug stores, clinics, and groceries. Unilab is also using OneWorld for sales and data consolidation and multi-subsidiary management. Since completing the NetSuite OneWorld implementation in January 2017, Unilab has streamlined operations for its distributors and has gained greater visibility into the channel, which accounts for a significant percentage of its US $1 billion annual revenue. Unilab is the first in the industry to leverage cloud ERP to standardize and stabilize its distributor management program through its project called iSERV 2.0.

Founded in 1945, Unilab manufactures over 350 brands of over-the-counter and prescription medications and personal health care products. The 4,000-person company, based in Mandaluyong in greater Manila, has maintained more than 20-percent market share in the Philippines for more than three decades. To help support continued growth and keep up with the changing times, Unilab needed to modernize from an on-premise system used by distributors to a flexible and scalable cloud-based system. Previously, Unilab’s business leaders had to manually consolidate and track data from distributors. Unilab realized it would need a new modern system that did not need to rely on servers scattered across the corporate landscape.

As part of its business continuity plan, Unilab also wanted to transition to the cloud as a disaster-protection measure that would stabilize the entire system during unexpected events like typhoons.

After evaluating several software options, Unilab selected NetSuite OneWorld as an agile, scalable cloud platform ideal to improve efficiency, visibility and standardization in the distribution channel.  NetSuite Solution Provider CloudTech played a key role, successfully and seamlessly implementing NetSuite at Unilab’s distributors.

With NetSuite OneWorld, Unilab has been able to realize its goals of real-time data visibility, streamlined distribution process, simplified data consolidation, and strengthened compliance while providing disaster protection through its cloud-based architecture.

NetSuite OneWorld supports 190 currencies, 20 languages, automated tax calculation and reporting in more than 100 countries, and transactions in more than 200 countries.

With NetSuite OneWorld, Unilab has also realized the following benefits:

Channel efficiency and visibility. Today, distributors use NetSuite for transactions with its trade accounts such as managing the inventory and billing process. Distributors are also able to monitor accounts receivable, inventory status, order status, and credit limits in NetSuite, while Unilab can better track vital data in real time.

Improved compliance. NetSuite gives Unilab better inventory management with lot-tracking capabilities to support compliance of distributors with the FEFO (first expiration, first out) distribution.

Multi-subsidiary management. With OneWorld, Unilab is able to centrally manage each of its 21 distributors.  

Contact Info
Mary Joy Katrina R. Contreras
NetSuite
+63 920 926 3024
PR@netsuite.com
About Oracle NetSuite

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

Follow NetSuite's Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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. 

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Mary Joy Katrina R. Contreras

  • +63 920 926 3024

Oracle to Launch Four New Professional Tennis Events in Early 2018

Wed, 2017-11-01 08:00
Press Release
Oracle to Launch Four New Professional Tennis Events in Early 2018 Oracle Challenger Series Aims to Support American Players

Redwood Shores, Calif.—Nov 1, 2017

In another sign of its continued support of American tennis, Oracle Corp. announced today that it is launching four new professional tennis tournaments—two men’s events and two women’s events—in the United States next year in conjunction with the Association of Tennis Professionals (ATP) and the Women’s Tennis Association (WTA).

The Oracle Challenger Series—two ATP Challenger Tour events and two WTA 125K Series events—will take place as combined events Jan. 20-28, 2018 at the Newport Beach Tennis Club and February 24-March 4, 2018 at the Indian Wells Tennis Garden. Each event will pay equal prize money for a total of $150,000 per tournament.

The top two male and female Americans with the highest accumulated points at the events will be awarded wild cards in their respective singles main draws at the 2018 BNP Paribas Open, held March 5-18 at the Indian Wells Tennis Garden, which is widely considered the top combined ATP/WTA professional tennis tournament in the world. Player participation in the Oracle Challenger Series will be determined by ATP and WTA rankings and procedures used for similar tournaments.

“Tennis players in the United States need more chances to compete at home and more chances to earn a living from the sport,” said Oracle CEO Mark Hurd. “Oracle is committed to American tennis and these events are designed to provide opportunities for players to make meaningful gains in both prize money and ranking points on their home soil. We hope to continue to grow the number of events annually in the years ahead.”

“Our players in the United States are eager for more opportunities like this,” said Chris Kermode, ATP World Tour Executive Chairman and President. “We’re so pleased to partner with a company like Oracle to further promote and develop tennis in the United States.”

“We are thrilled that Oracle is making this commitment to grow the pathway for young emerging national and regional talent here in the USA to reach their goal of competing on the WTA Tour. This will lead to great things for tennis in America,” said Steve Simon, Chairman and Chief Executive Officer of the WTA.

The Series builds on Oracle’s commitment to help support U.S. tennis at both the professional and collegiate level. Earlier this year, Oracle unveiled the Oracle US Tennis Awards, two $100,000 grants awarded annually to assist young players as they transition from college into the professional ranks. Oracle also is working with the Intercollegiate Tennis Association (ITA) to host the Oracle ITA National Fall Championships, which begins today at the Indian Wells Tennis Garden and another resort-area location. The Oracle-sponsored event is the culmination of the fall collegiate tennis season and features the nation’s top 64 men’s and women’s singles players and top 32 men’s and women’s doubles teams. It replaces the ITA National Indoor Intercollegiate Championships. 

Contact Info
Deborah Hellinger
Oracle Corporate Communications
+1.212.508.7935
deborah.hellinger@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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.

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Deborah Hellinger

  • +1.212.508.7935

Oracle Leads the Pack in Independent Analyst Report on Digital Experience Platforms

Wed, 2017-11-01 07:00
Press Release
Oracle Leads the Pack in Independent Analyst Report on Digital Experience Platforms Oracle named sole leader in evolving digital experience platform market with a balance of product and platform

Redwood Shores, Calif.—Nov 1, 2017

Oracle today announced that Forrester Research has named the company the sole leader in digital experience platforms in its recent The Forrester Wave™: Digital Experience Platforms, Q3 2017 report. Oracle was recognized for having one of the broadest portfolios—including content, commerce, marketing, data, analytics and customer care.

Organizations today are under pressure to meet skyrocketing customer expectations. To meet these needs, organizations must be able to provide unique digital experiences across every step of a customer’s journey—requiring software that spans marketing, commerce, service, analytics and more. The Oracle CX Cloud Suite offers an integrated set of applications that blend innovative technologies, such as artificial intelligence (AI), Internet of Things (IoT) and data that span the entire customer lifecycle. By enabling a smarter approach to customer experience, Oracle empowers organizations to not only save time and money, but also improve the bottom line and exceed customer expectations.

“I believe that our performance as sole leader in Forrester’s digital experience report reflects the large investments and progress we’ve made in building the Oracle CX Cloud Suite,” said Des Cahill, vice president and head CX evangelist, Oracle. “Our mantra is simple: we want our customers to have connected data that spans their organization; to apply connected intelligence to that data; and to deliver connected experiences to their customers across any channel. Only the Oracle CX Cloud Suite is able to deliver on this promise.”

Of the 14 vendors Forrester evaluated for digital experience, the Oracle CX Cloud Suite was named sole leader based on evaluation across 28 criteria, including current offering, strategy and market presence. Oracle was cited for its balance of product and platform. As one Oracle reference noted: “No one else has the length and breadth of integration and future development dollars. I think Oracle is in this for the long haul.”

Oracle CX Cloud Suite empowers organizations to take a smarter approach to customer experience management and business transformation initiatives. By providing a trusted business platform that connects data, experiences and outcomes, Oracle CX Cloud Suite helps customers reduce IT complexity, deliver innovative customer experiences and achieve predictable and tangible business results. The Oracle CX Cloud Suite includes Oracle Commerce Cloud, Oracle Marketing Cloud, Oracle Sales Cloud and Oracle Service Cloud.

Download The Forrester Wave™: Digital Experience Platforms, Q3 2017

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

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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.

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Simon Jones

  • +1.415.856.5155

Oracle Transforms the Student Experience with Oracle Student Cloud

Wed, 2017-11-01 07:00
Press Release
Oracle Transforms the Student Experience with Oracle Student Cloud Integrates Artificial Intelligence and Machine Learning to Modernize and Personalize the Student Journey, Improving Experience and Outcomes

EDUCAUSE, Philadelphia, PA.—Nov 1, 2017

Empowering higher education institutions with the data-driven intelligence and tools they need to deliver a personalized, modern student experience, Oracle today announced Oracle Student Management as the newest entry in the Oracle Student Cloud suite. Enhancing the traditional capabilities of student information systems (SIS), the offering transforms the student experience with new capabilities for student recruiting, engagement, support and management. With powerful built-in Artificial Intelligence (AI), machine-learning and predictive analytics, Oracle Student Management can proactively anticipate student needs, monitor progress and make suggestions when students appear to be at-risk or going off course.

“With the introduction of adaptive intelligence in the new Oracle Student Management module in Oracle Student Cloud, Oracle is bringing higher education out of the shadows and into the main stage,” said Nicole Engelbert, director of research and analysis, Ovum.  “For institutions looking to upgrade their student information systems, Oracle Student Cloud provides a comprehensive student experience throughout the student lifecycle, from recruiting through graduation. This solution will enable the institution to promote student success, as they improve retention and graduation rates. “

Two decades ago, most schools built the SIS infrastructure around transactions, such as registration and enrollment. Today, there is a pressing need to collect and use data to understand students and create more productive, meaningful and lasting relationships with them. Modern student cloud solutions must re-imagine the student journey to meet current expectations across the entire student lifecycle. Using the right tools, institutions will be able to anticipate the needs of their students and illuminate the right path to empower them to succeed.

“The higher education experience is transforming overall – from what students expect, to how they are pursuing their learning goals,” said Vivian Wong, Oracle’s group vice president of Higher Education Development. “As such, colleges and universities need to be more flexible, agile and responsive in their approach – meeting student expectations across new channels and modes of communication. This will require new intelligence and tools to help students carve their own unique path and find success. Oracle Student Cloud was built around this modern mentality and geared to help schools and their students succeed together.”

Architected from the ground up as a student-centric offering, Oracle Student Management will initially support a Continuing Education business model with subsequent updates providing the full spectrum of support for traditional models.This first release allows students to use any mobile device or personal computer to easily:

  • Self-create an account: no waiting on paperwork or administrator data entry, students can create an account, find learning and enroll all in one sitting.
  • Find learning opportunities (e.g., courses) using modern search paradigms: from intelligent type-ahead searching to curated postings like trending and highlighted courses to the use of configurable facets and filters to narrow results, students can quickly and easily find their way to just the right class.
  • Enroll and Pay-as-They-Go: with a streamlined business process and point and click interface, students can quickly progress through finding their class (including the number of open seats), adding it to their cart, and paying for it. Students get quick access to the learning they need, and institutions instantly see the status of enrollments and the financial viability of offerings.
  • View Courses: with one click access, students can view their current courses, either in a filterable List View or with Course Cards that provide additional details like meeting times, credits, location (with embedded mapping) and a more at-a-glance format.
  • Manage Finances: students can monitor their financial situation with on-demand access to view and manage their individual account.

With the addition of Oracle Student Management, Oracle Student Cloud enables higher education institutions to interact with students at all stages of the student lifecycle, including optimizing:

  • Student Engagement: personalize the student journey by delivering relevant, targeted, cross-channel outreach and engagement, deepen social interactions, deliver content in context to targeted audience segments, and demonstrate marketing’s impact on the institution’s goals.
  • Student Recruiting: meet enrollment goals by boosting pipeline and improving forecasting, managing recruiters and their territories, driving recruiting results with complete mobility, and optimizing recruiting performance with powerful analytics.
  • Student Support: deliver the best, fastest resolution by guiding the student’s personal journey based on their needs, empowering students with mobile-friendly web self-service, knowledge, and social tools, adapting support processes to meet student’s rising expectations and changing behaviors, and reduce support costs through improved productivity.

New solutions for Student Financial Aid, Student Success, and Advancement are planned for Oracle Student Cloud in the near future. Enabling institutions to reduce cost and complexity with a truly end-to-end system, Oracle Student Cloud also integrates seamlessly with other Oracle Cloud solutions, including Oracle HCM Cloud and Oracle Financials Cloud. From managing employees and assigning instructors to classes, to managing students’ accounts and providing easy payment processing during the enrollment process, these solutions work together to provide users all the tools they need to better serve the needs of students and administrators.  

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

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at 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.

Talk to a Press Contact

Katie Barron

  • +1.202.904.1138

Kristin Reeves

  • +1.415.856.5145

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