Oracle Corporation (ORCL) Benefitted from Surge in AI Demand and Strong Booking Growth

Oracle Corporation has seen significant benefits from a surge in AI demand and strong booking growth in Q2 2024. The company's stock closed at $137.88, with a market cap of approximately $380 billion. Oracle's partnership with Google Cloud and Microsoft Azure further strengthens its position in the database market. The company also provided optimistic guidance for fiscal 2025, anticipating a double-digit increase in total revenue. Additionally, Oracle ranks 27th among the top 100 AI stocks, with 93 hedge fund portfolios holding its shares at the end of Q2.

Oracle Corporation

Oracle Corporation is an American multinational computer technology company known for its enterprise software, cloud computing, and computer hardware. It is best known for its Oracle database software and offers a suite of enterprise software products, including ERP, HCM, CRM, EPM, CX Commerce, and SCM software.

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We’re a cloud technology company that provides organizations around the world with computing infrastructure and software to help them innovate, unlock efficiencies and become more effective. We also created the world’s first – and only – autonomous database to help organize and secure our customers’ data.
 
Oracle Cloud Infrastructure offers higher performance, security, and cost savings. It is designed so businesses can move workloads easily from on-premises systems to the cloud, and between cloud and on-premises and other clouds. Oracle Cloud applications provide business leaders with modern applications that help them innovate, attain sustainable growth, and become more resilient. 
 
The work we do is not only transforming the world of business--it's helping defend governments, and advance scientific and medical research. From nonprofits to companies of all sizes, millions of people use our tools to streamline supply chains, make HR more human, quickly pivot to a new financial plan, and connect data and people around the world.  

At work, we embrace diversity, encourage personal and professional growth, and celebrate a global team of passionate people developing innovative technologies that help people and companies tackle real-world problems head-on.

If you’d like to join us, please visit our Careers page: https://www.oracle.com/corporate/careers/

For investor news, SEC filings, and financial information about Oracle (NYSE:ORCL), please visit https://investor.oracle.com/home/.
 
Follow us on Twitter: https://twitter.com/oracle 
Like our page on Facebook: https://www.facebook.com/Oracle/ 
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Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing. The company also offers cloud-based industry solutions for various industries; Oracle application licenses; and Oracle license support services. In addition, it provides cloud and license business' infrastructure technologies, such as the Oracle Database, an enterprise database; Java, a software development language; and middleware, including development tools and others. The company's cloud and license business' infrastructure technologies also comprise cloud-based compute, storage, and networking capabilities; and Oracle autonomous database, MySQL HeatWave, Internet-of-Things, digital assistant, and blockchain. Further, it provides hardware products and other hardware-related software offerings, including Oracle engineered systems, enterprise servers, storage solutions, industry-specific hardware, virtualization software, operating systems, management software, and related hardware services; and consulting and customer services. The company markets and sells its cloud, license, hardware, support, and services offerings directly to businesses in various industries, government agencies, and educational institutions, as well as through indirect channels. Oracle Corporation was founded in 1977 and is headquartered in Austin, Texas.

COM:ORACLE

Oracle Corporation

Last Close

139.42

30/08 20:00

Market Cap

391.53B

Beta: -

Volume Today

4.02M

Avg: -

Analysis Not Available