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New Oracle Cloud Service Helps Banks Quickly Identify Financial Crime Risk
Prnewswire· 2024-09-17 12:00
Financial Crime and Compliance Management Monitor delivers advanced visualizations to support banks in managing risk and meeting compliance analysis and reporting requirementsAUSTIN, Texas, Sept. 17, 2024 /PRNewswire/ -- Oracle today announced Oracle Financial Crime and Compliance (FCCM) Management Monitor Cloud Service. With the new solution banks, fintechs, and other financial services companies can gain a holistic, centralized view of their FCCM efforts, enabling them to identify potential issues faster ...
Hyatt Selects Oracle OPERA Cloud as Property Management System for its Global Properties
Prnewswire· 2024-09-17 11:45
Leading hotel brand to centralize its operations and data on the secure Oracle Hospitality Cloud platformAUSTIN, Texas, Sept. 17, 2024 /PRNewswire/ -- Hyatt (NYSE: H) has chosen the Oracle OPERA Cloud hospitality platform as the property management system (PMS) for its global hotel portfolio. With OPERA Cloud, Hyatt properties will be able to standardize its operations and data management across more than 1,000 hotels and all-inclusive properties. With a modern data platform delivering a common user interfa ...
Why Oracle Stock Jumped More Than 5% to a Record High on Monday
Investopedia· 2024-09-16 21:27
Key TakeawaysOracle stock was one of the top performers in the S&P 500 on Monday, jumping to an all-time high.The gains came as Jefferies analysts lifted their price target on shares of the software giant and Melius upgraded Oracle stock to "buy."Analysts believe Oracle's strength in cloud infrastructure and partnerships with major cloud players will drive revenue growth. Oracle (ORCL) shares jumped to a record high on Monday, after a pair of investment firms commended the software giant's advancements and ...
Why Oracle Stock Was Climbing Higher Today
The Motley Fool· 2024-09-16 18:31
Analysts continue to upgrade the tech giant following its earnings report last week.Shares of Oracle (ORCL 5.13%) were moving higher today as the tech giant continued to win acclaim from Wall Street analysts, a week after the company posted a strong fiscal first-quarter earnings report as the company's cloud infrastructure business continues to surge in the artificial intelligence (AI) era.As of 1:14 p.m. ET, the stock had jumped 6.3% on the news. Oracle still looks overlookedIn the aftermath of gains follo ...
Investing in Oracle (ORCL)? Don't Miss Assessing Its International Revenue Trends
ZACKS· 2024-09-16 14:15
Did you analyze how Oracle (ORCL) fared in its international operations for the quarter ending August 2024? Given the widespread global presence of this software maker, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become essential for inve ...
Better Database Stock: Oracle vs. MongoDB
The Motley Fool· 2024-09-15 09:25
Oracle Overview - Oracle is a stable stock with a long-standing presence in the tech industry, serving as the world's largest database management company [2] - The company derives most of its revenue from cloud services and license support, including database services, applications, and cloud infrastructure [2] - Oracle holds approximately 2% of the cloud market share, which is critical for supporting AI and maintaining relevance in the database market [2] - In Q1 FY2025, Oracle reported $13 billion in revenue, a 6% YoY increase, with net income rising 21% to $2.9 billion due to controlled operating expense growth [3] - Oracle's stock has risen approximately 25% over the past year, but its valuation metrics (P/E ratio of 42 and P/S ratio of 8) may raise concerns despite 20%+ earnings growth [3][4] MongoDB Overview - MongoDB, founded in 2007, is a newer player in the database industry, offering a non-relational database (Atlas) that can store unstructured data types [1][5] - MongoDB's Atlas database has over 85 million downloads and 1 million developers in its community, with many prominent corporations using its services [5] - In Q2 FY2025, MongoDB reported $478 million in revenue, a 13% YoY increase, but this growth rate has decelerated from 17% in FY2025 and 31% in the previous fiscal year [6] - The company reported a $55 million loss in Q2 FY2025, up from a $38 million loss in the same period last year [6] - MongoDB's stock has declined over 20% in the past year, and its P/S ratio of 12 may deter investors given its slowing growth and lack of profitability [6] Industry Dynamics - The nature of data has evolved with increased computing capabilities, prompting MongoDB to introduce non-relational databases to handle unstructured data [1] - Oracle has responded to this shift by introducing its own non-relational database and expanding into the cloud infrastructure business [1] - Non-relational databases like MongoDB's Atlas are gaining traction due to their ability to manage unstructured data types, such as videos and abstract text, which traditional relational databases struggle with [5] Investment Considerations - Oracle is seen as a more stable investment due to its profitability, lower valuation, and continued growth in software and cloud services [7] - MongoDB's non-relational database poses a potential long-term challenge to Oracle's traditional database model, but its decelerating growth and lack of profitability make it a less attractive investment at its current valuation [7]
Oracle's Larry Ellison briefly tops Jeff Bezos to become world's second-richest person
CNBC· 2024-09-13 16:29
Oracle's best week on the stock market since 2021 has bolstered Chairman Larry Ellison's net worth, briefly edging him past Amazon founder Jeff Bezos on Friday to become the world's second-richest person.Ellison's net worth reached $208.4 billion shortly after the market open, then fell to $199 billion, according to Forbes' real-time billionaires list. Bezos, who has claimed the title of world's second-richest person on and off over the years, is worth $205 billion. Only Tesla CEO Elon Musk, at $252 billion ...
Why Oracle (ORCL) is a Top Growth Stock for the Long-Term
ZACKS· 2024-09-13 14:51
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores. ...
Oracle Is an Excellent AI Stock to Buy Right Now
The Motley Fool· 2024-09-13 14:29
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Oracle. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...
Oracle Rally Briefly Propels Larry Ellison To World's Second-Richest
Forbes· 2024-09-13 14:18
ToplineAnother rally from software giant Oracle propelled its chairman Larry Ellison to the second spot on Forbes’ rankings of the wealthiest people on the planet briefly on Friday, joining his self-described “very close friend” Elon Musk at the top of the list. Larry Ellison smiles as he chats to Elon Musk last year.Getty Images Key FactsEllison’s net worth rose by $11 billion shortly after market open, jumping from $197 billion to as high as $208.4 billion amidst by far the largest daily jump in net worth ...