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Oracle (ORCL) WMS Offering Adds New Cloud-Based Capabilities
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Oracle (ORCL - Free Report) recently increased capabilities of its Oracle Warehouse Management (“WMS”) Cloud offering. New features include introduction of ten additional languages, new user interface display and customized extensions as well as enhanced yard management to improve shipment tracking. All these features are anticipated to enrich the customer experience. Further, the simplified customized functionalities will reduce time and cost.
Oracle integrated Oracle WMS Cloud with Oracle Inventory Management Cloud solution through Oracle Integration Service (“ICS”). This will accelerate the processes of Oracle Supply Chain Management (“SCM”) and Enterprise Resource Planning (“ERP”) Cloud customers.With the improved bar code scanning capabilities, processing of both multi-element 1D and 2D barcodes will be possible.
"The extended capabilities to Oracle WMS Cloud enable companies to gain greater visibility of inventory so they can implement more rapidly, reduce costs, optimize inventory levels and deliver consistent, high-quality customer experience," said Diego Pantoja-Navajas, vice president, WMS Product Development at Oracle.
Customers will benefit a great deal from enhanced inventory visibility across the global scale of operations and improved logistics performance. The new capabilities are expected to aid Oracle to maintain its dominant position in both the cloud-based WM Systems and Transportation Management Systems.
Notably, the company’s shares have lost 7.4% year to date, against the industry’s rally of 12.2%.
What the Investors Need to Know?
Oracle Cloud is witnessing traction. The company recently announced that Oracle Cloud will be leveraged by mobile start-up Virtual Artifacts. Oracle Cloud will aid Virtual Artifacts to introduce Hibe Mobile Application Network, a social network for mobile based apps. Artificial Intelligence (“AI”) capabilities will improve the way mobile users interact, transact and connect.
Oracle University recently furnished new Oracle LaunchPad. It is an online learning tutorial platform to enable the customers to stay ahead of the curve with innovations in Oracle Cloud Applications.
The improved capabilities of Oracle WMS Cloud also bode well. Moreover, overall growth expectation for the public cloud computing services market is very bullish. According to Gartner, the worldwide public cloud services market was projected to grow 18% through 2016 to $246.8 billion in 2017. This figure will increase to $383.3 billion by 2020.
Exponential growth in the amount of data, complexity of data formats and the need to scale resources at regular intervals compelled several companies to turn to cloud computing vendors. Consequently, considering the growing need for cloud-based applications and software, we expect Oracle’s investments in this space to aid long-term growth.
To Conclude
Oracle had announced the accessibility of its next-generation Cloud Platform services. The move is aimed at providing required programmability, performance and flexibility for rapid service deployment in the cloud economy.
The latest addition to its cloud platform reflects the company’s focus on expanding cloud computing product portfolio inorganically. The strategy will enable the company to scale up cloud operations much faster. Through product expansion, it hopes to challenge the dominant position of Amazon (AMZN - Free Report) and Microsoft (MSFT - Free Report) in both the Platform as a Service (“PaaS”) and (Infrastructure as a Service (“IaaS”).
In fourth-quarter fiscal 2018, Oracle’s top-line growth benefited from the ongoing cloud-based momentum. Total cloud services and license support revenues (60% of total revenues) for the quarter advanced 7% (5% in constant currency) to $6.77 billion.
We believe that the company’s growing cloud market share will continue to drive top-line growth in the foreseeable future.
Zacks Rank &Stocks to Consider
Oracle carries a Zacks Rank #3 (Hold).
A better-ranked stock in the broader technology sector is Micron Technology Inc. (MU - Free Report) , flaunting Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. The projected long-term earnings growth rate for Micron is approximately 8.2%.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
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Oracle (ORCL) WMS Offering Adds New Cloud-Based Capabilities
Oracle (ORCL - Free Report) recently increased capabilities of its Oracle Warehouse Management (“WMS”) Cloud offering. New features include introduction of ten additional languages, new user interface display and customized extensions as well as enhanced yard management to improve shipment tracking. All these features are anticipated to enrich the customer experience. Further, the simplified customized functionalities will reduce time and cost.
Oracle integrated Oracle WMS Cloud with Oracle Inventory Management Cloud solution through Oracle Integration Service (“ICS”). This will accelerate the processes of Oracle Supply Chain Management (“SCM”) and Enterprise Resource Planning (“ERP”) Cloud customers.With the improved bar code scanning capabilities, processing of both multi-element 1D and 2D barcodes will be possible.
"The extended capabilities to Oracle WMS Cloud enable companies to gain greater visibility of inventory so they can implement more rapidly, reduce costs, optimize inventory levels and deliver consistent, high-quality customer experience," said Diego Pantoja-Navajas, vice president, WMS Product Development at Oracle.
Customers will benefit a great deal from enhanced inventory visibility across the global scale of operations and improved logistics performance. The new capabilities are expected to aid Oracle to maintain its dominant position in both the cloud-based WM Systems and Transportation Management Systems.
Notably, the company’s shares have lost 7.4% year to date, against the industry’s rally of 12.2%.
What the Investors Need to Know?
Oracle Cloud is witnessing traction. The company recently announced that Oracle Cloud will be leveraged by mobile start-up Virtual Artifacts. Oracle Cloud will aid Virtual Artifacts to introduce Hibe Mobile Application Network, a social network for mobile based apps. Artificial Intelligence (“AI”) capabilities will improve the way mobile users interact, transact and connect.
Oracle University recently furnished new Oracle LaunchPad. It is an online learning tutorial platform to enable the customers to stay ahead of the curve with innovations in Oracle Cloud Applications.
The improved capabilities of Oracle WMS Cloud also bode well. Moreover, overall growth expectation for the public cloud computing services market is very bullish. According to Gartner, the worldwide public cloud services market was projected to grow 18% through 2016 to $246.8 billion in 2017. This figure will increase to $383.3 billion by 2020.
Exponential growth in the amount of data, complexity of data formats and the need to scale resources at regular intervals compelled several companies to turn to cloud computing vendors. Consequently, considering the growing need for cloud-based applications and software, we expect Oracle’s investments in this space to aid long-term growth.
To Conclude
Oracle had announced the accessibility of its next-generation Cloud Platform services. The move is aimed at providing required programmability, performance and flexibility for rapid service deployment in the cloud economy.
The latest addition to its cloud platform reflects the company’s focus on expanding cloud computing product portfolio inorganically. The strategy will enable the company to scale up cloud operations much faster. Through product expansion, it hopes to challenge the dominant position of Amazon (AMZN - Free Report) and Microsoft (MSFT - Free Report) in both the Platform as a Service (“PaaS”) and (Infrastructure as a Service (“IaaS”).
In fourth-quarter fiscal 2018, Oracle’s top-line growth benefited from the ongoing cloud-based momentum. Total cloud services and license support revenues (60% of total revenues) for the quarter advanced 7% (5% in constant currency) to $6.77 billion.
We believe that the company’s growing cloud market share will continue to drive top-line growth in the foreseeable future.
Zacks Rank &Stocks to Consider
Oracle carries a Zacks Rank #3 (Hold).
A better-ranked stock in the broader technology sector is Micron Technology Inc. (MU - Free Report) , flaunting Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. The projected long-term earnings growth rate for Micron is approximately 8.2%.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>