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☆ A business system without AI is like a 'car without wheels,' Oracle says
▼ + stars: | 2024-07-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA business system without AI is like a 'car without wheels,' Oracle saysEvan Goldberg, executive vice president of Oracle NetSuite, says "we truly believe that it has to be an intrinsic part of our business application."

Persons: Oracle, Evan Goldberg, Oracle NetSuite Organizations: Oracle

☆ Oracle shares slide as revenue misses estimates
▼ + stars: | 2023-12-11 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. Oracle shares dropped more than 9% in extended trading Monday after the software company reported fiscal second-quarter revenue and quarterly revenue guidance that fell short of Wall Street expectations. Analysts polled by LSEG had predicted $1.37 in adjusted earnings per share and $13.34 billion in revenue, which implies 7.6% revenue growth. "We did not bring up as much capacity as we could have used this past quarter," Oracle CEO Safra Catz said on the call. OCI is the Oracle Cloud Infrastructure, the company's answer to Microsoft Azure and the market-leading Amazon Web Services.

Persons: Larry Ellison, LSEG, Safra Catz, Oracle, Ellison, Edward Jones Organizations: Oracle Corp, Oracle, Elon, Halliburton, Samsung, Microsoft, Oracle Cloud Infrastructure, Amazon Web Services, Technik Locations: San Francisco, LSEG

☆ Oracle's NetSuite adds AI features to finance software
▼ + stars: | 2023-10-17 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

NetSuite, owned by Oracle (ORCL.N), said that it is using its parent company's cloud-based systems to develop the new "Text Enhance" feature. In NetSuite's case, some of the new features are aimed at automating the mundane day-to-day tasks of a finance department. Other new NetSuite features are aimed at reading and analyzing financial data to generate summaries and reports. NetSuite said the "Text Enhance" features will roll out over the next six months. The company said typical use levels of the new features, which rely on a new supercomputer built by Oracle, will be included in existing subscription prices, but further new AI features or higher use levels may include additional costs.

Persons: Evan Goldberg, NetSuite's, Goldberg, we've, NetSuite, Stephen Nellis, Will Dunham Organizations: Oracle, Microsoft, LinkedIn, Adobe, Thomson Locations: San Francisco

☆ Barclays says buy this software stock with AI tailwinds
▼ + stars: | 2023-09-05 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Oracle shares have surged nearly 48% in 2023 and close to 62% over the past 12 months. Barclays thinks the company is set to maintain high levels of growth in the near future as its tailwinds have yet to fully take effect. "OCI, partly fueled by emerging AI workloads, will be key to the database and overall story." He added that OCI is well-positioned for an AI tailwind due to its close relationship with Nvidia. Oracle was also one of the first cloud solutions providers to enter the market with Nvidia's software as a service products, Lenschow added.

Persons: Raimo, Lenschow, — CNBC's Michael Bloom Organizations: Oracle, Barclays, Oracle Cloud Infrastructure, Nvidia

☆ Oracle hits record after 50% surge in 2023, defying tech struggles
▼ + stars: | 2023-06-14 | by ( Jordan Novet | ) www.cnbc.com time to read: +7 min

Larry Ellison, Oracle's chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019. For years, the database software developer lagged behind tech rivals in building cloud technology that met the demands of the modern-day enterprise. The shares are up over 50% in 2023, which would mark the best year for shareholders since the dot-com boom of 1999. Oracle got its latest boost this week after reporting stronger-than-expected earnings and revenue, prompting nods of approval from analysts. On Oracle's earnings call this week, CEO Safra Catz took a minute to express gratitude to the company's customers and employees.

Persons: Larry Ellison, Justin Sullivan, Larry Ellison's, Goldman Sachs, Ellison, Bill Gates, Let's, it's, Eric Lynch, Scharf, Salesforce, Kash Rangan, Oracle, Lynch, Safra Catz, Catz, Jefferies, Brent Thill Organizations: Oracle, Getty, Nvidia, Bloomberg, Microsoft, Scharf Investments, Google, Goldman, Amazon Web Services, Monday, Exxon Mobil, Pfizer Locations: San Francisco, TikTok, Cohere, IaaS, NetSuite, Los Gatos , California, Silicon Valley, A.I

☆ Bank of America ranks the biggest A.I. winners in software stocks. Here are its top picks
▼ + stars: | 2023-05-31 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

As investors look for winners in the artificial intelligence boom, several software stocks stand out, including Microsoft and Oracle, according to Bank of America. Given the "immense opportunity ahead for both vendors and investors," Bank of America analysts have created a proprietary ranking system to identify potential AI beneficiaries in the software group. The rankings identify consensus AI leaders and software vendors, the firm said in a note Tuesday. "We have created a proprietary framework of analysis (based on 13 yes or no questions) that investors can use to predict potential AI beneficiaries. HubSpot may also potentially use AI for data cleansing and email data capture, among other things, he said.

Persons: Brad Sills, Bing, OpenAI, Sills, HubSpot, — CNBC's Michael Bloom Organizations: Microsoft, Oracle, Bank of America, Nvidia, OpenAI, HubSpot Locations: OpenAI

☆ The market crash could finally break Big Tech's addiction to subscriptions
▼ + stars: | 2023-01-26 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +6 min

With another recession looming, experts say usage-based models will become standard. Now, a decade and a half later, the subscription model is the hallmark of the cloud-computing era. As the name suggests, the usage-based model sees customers only billed for what they use — no more, and no less. Usage-based pricing has drawbacks, but can ultimately pay offThe one drawback of usage-based models for the companies that offer them is a lack of predictability. That, in turn, leaves usage-based companies more susceptible to a downturn, since it's a relatively easy for customers to cut spending.

☆ The executive running Oracle's tattered marketing group, called 'the hatchet man' by some employees, is tasked with cutting costs, insiders say
▼ + stars: | 2022-08-26 | by ( Belle Lin | Ryan Joe | ) www.businessinsider.com time to read: +10 min

Oracle's marketing team "imploded" following layoffs and the departure of its CMO this summer. A source told Insider that means salespeople will be selling products to sectors they never had before, including healthcare, which is now a key focus with Cerner. Plus, products like Oracle's cloud infrastructure face competition from tech giants like Amazon, making marketing a key lever in that fight. That morning, nearly 50% of some marketing groups received phone calls that they were being laid off, including Kelman's senior staff, multiple sources told Insider. Oracle's marketing structure, as it once was, is gone.

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