Oracle Corporation (ORCL)
Market Cap | 338.99B |
Revenue (ttm) | 52.51B |
Net Income (ttm) | 10.64B |
Shares Out | 2.75B |
EPS (ttm) | 3.79 |
PE Ratio | 32.59 |
Forward PE | 20.80 |
Dividend | $1.60 (1.30%) |
Ex-Dividend Date | Apr 9, 2024 |
Volume | 4,180,330 |
Open | 123.18 |
Previous Close | 122.16 |
Day's Range | 122.08 - 123.58 |
52-Week Range | 97.29 - 132.77 |
Beta | 1.02 |
Analysts | Buy |
Price Target | 135.56 (+9.77%) |
Earnings Date | Jun 10, 2024 |
About ORCL
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 Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sale... [Read more]
Financial Performance
In 2023, Oracle's revenue was $49.95 billion, an increase of 17.70% compared to the previous year's $42.44 billion. Earnings were $8.50 billion, an increase of 26.59%.
Financial StatementsAnalyst Forecast
According to 31 analysts, the average rating for ORCL stock is "Buy." The 12-month stock price forecast is $135.56, which is an increase of 9.77% from the latest price.
News
Oracle shares jump over 5% on potential $10 billion cloud deal with Elon Musk's xAI
Oracle Corp. (NYSE:ORCL) saw its shares rise by as much as 5.3% following a report from The Information that the company is nearing a $10 billion cloud contract with Elon Musk's artificial intelligenc...
Elon Musk's xAI nears $10 bln deal to rent Oracle's AI servers, The Information reports
Elon Musk's artificial intelligence startup xAI has been talking to executives from Oracle about spending $10 billion to rent cloud servers from the company over a period of years, The Information rep...
Oracle Named a Leader in 2024 Gartner® Magic Quadrant™ for Warehouse Management Systems
Oracle recognized based on its Ability to Execute and Completeness of Vision AUSTIN, Texas , May 14, 2024 /PRNewswire/ -- Oracle has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Wareho...
Oracle Hospitality Hotel Merchandising Solution to be Offered to Choice Hotels International's Portfolio of Upscale Hotels
With the Oracle Nor 1 AI-powered upselling tool, properties can help increase revenue while providing tailored experiences to guests Properties using Nor1 eStandby Upgrade averaged a 17% uptick in ups...
Report: Oracle Health Facing Challenges Modernizing Outdated Systems
Oracle has reportedly encountered obstacles in its ambitious plans for electronic medical records company Cerner, which it acquired for $28 billion in December 2021.
Oracle Increases Research and Development Investments in Morocco
More than 1,000 new employees will develop cloud and AI solutions for global export AUSTIN, Texas , May 9, 2024 /PRNewswire/ -- Oracle will expand its research and development (R&D) capabilities in Mo...
Oracle Named a Leader in Utilities CIS and Billing IDC MarketScape
Oracle recognized for excellence in complex billing, commercial and industrial customer management, demand response, and innovative programs for limited-income consumers AUSTIN, Texas , May 9, 2024 /P...
Oracle Introduces New AI-Powered Skills Solution to Help Organizations Drive Employee and Business Growth
New solution within Oracle Cloud HCM helps leadership teams maximize talent potential and align upskilling with business priorities AUSTIN, Texas , May 8, 2024 /PRNewswire/ -- Oracle today announced a...
Crexendo Selects Oracle Cloud Infrastructure to Support Unprecedented Company Growth
PHOENIX, AZ / ACCESSWIRE / May 7, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning premier provider of cloud communication platforms and services, video collaboration, and managed IT services de...
Oracle Code Assist Can Help Developers Build Applications Faster with AI
Oracle Code Assist is intended to help developers boost velocity, enhance code consistency, and will be optimized for Java, SQL, and Oracle Cloud Infrastructure-based applications AUSTIN, Texas , May ...
Oracle Named a Leader in 2024 Gartner® Magic Quadrant™ for Supply Chain Planning Solutions
Oracle recognized based on its Ability to Execute and Completeness of Vision AUSTIN, Texas , May 7, 2024 /PRNewswire/ -- Oracle has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Supply ...
Accenture and Oracle Partner on Generative AI for Finance Teams
Accenture and Oracle expanded their partnership to help clients accelerate their adoption of generative artificial intelligence in the finance organization. The new solutions offered through this coll...
Red Hat OpenShift Generally Available on Oracle Cloud Infrastructure
DENVER & AUSTIN, Texas - Red Hat Summit 2024--(BUSINESS WIRE)--Red Hat, Inc., the world's leading provider of open source solutions, and Oracle today announced the general availability of Red Hat Open...
Accenture and Oracle Collaborate to Help Clients Accelerate Generative AI Adoption, Starting with the Finance Organization
NEW YORK & AUSTIN, Texas--(BUSINESS WIRE)--Accenture and Oracle are collaborating to help clients accelerate generative AI adoption.
Oracle Database 23ai Brings the Power of AI to Enterprise Data and Applications
Oracle AI Vector Search allows documents, images, and relational data that are stored in mission-critical databases to be easily searched based on their conceptual content Generative AI can now be use...
Oracle updates database technology for AI chatbots
Oracle on Thursday released an update to its database technology intended to make it more useful with artificial intelligence technology.
Oracle and TIM Collaborate to Accelerate Cloud Adoption in Italy
TIM to integrate Oracle Cloud Infrastructure into its managed cloud services Agreement will enable public and private sector organizations to take advantage of OCI's high performance, built-in securit...
Oracle Advances Global RTSM Capabilities to Help Sponsors
Latest updates to Oracle Clinical One RTSM cloud-based solution make it easier for sponsors and CROs to configure, scale, and automate to support complex and global clinical trial studies BOSTON , May...
Oracle Energy and Water Awards Recognize Utilities Leading in Industry Transformation and Innovation
Exelon, JXN Water, and Portland General Electric win for their efforts to engage customers, execute meaningful grid management strategies, and drive business transformation AUSTIN, Texas , May 1, 2024...
CPS Energy to Power its Operations with Oracle Cloud
Nation's largest community-owned provider of electric and natural gas services standardizes on Oracle's AI-supported technology to improve efficiency and customer service AUSTIN, Texas , April 30, 202...
Oracle boosts its generative AI capabilities as cloud competition heats up
Oracle in March announced new generative AI features embedded across applications in finance, supply chain, HR, sales, marketing, and service.
CNBC's 2024 Stock Draft: Hot dog eating champ Joey Chestnut chooses Oracle for his first-round pick
CNBC's annual stock draft is underway. Celebrities, athletes, and financial gurus join ‘Power Lunch' to make their picks.
CNBC's 2024 Stock Draft: Comedian Druski chooses Oracle for his first-round pick
CNBC's annual stock draft is underway. Celebrities, athletes, and financial gurus join ‘Power Lunch' to make their picks.
Why is Oracle moving to Nashville? Because this one industry is thriving there.
The town known as Music City is striking a chord as a tech hub, and Oracle Corp. is about to join the chorus.
Oracle Introduces New AI Capabilities to Help Organizations Boost Sales
New AI capabilities in Oracle Cloud CX help marketers, sellers, and service agents, improve customer satisfaction, increase productivity, and accelerate deal cycles MEXICO CITY , April 25, 2024 /PRNe...