We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Oracle Expands Analytics Offerings to Aid Customer Experience
Read MoreHide Full Article
Oracle Corporation (ORCL - Free Report) recently launched new solutions on Oracle Analytics Cloud Platform to handle business processes and offer augmented analytics, natural language processing (NLP), cloud-computing, machine-learning, enterprise planning workflows and data-analysis services.
The announcement was made at the Oracle’s Analytics Summit. The new offerings will help in creating best-in-class systems, scalable digital platforms and productivity systems.
This move of Oracle will enhance AI accessibility across companies. This will also aid the companies in application of the meaningful data insights generated structurally to transform business. The clients will also benefit from the new platform’s data security feature.
Oracle’s Analytics Cloud Platform, which includes Oracle Mobile Cloud Enterprise, Oracle Data Integration Platform Cloud, and Oracle API Platform Cloud, will enable organizations to manage business better and help reduce risk. Users can gain from the enhanced performance, favorable cost, reliable security and innovation offered by these solutions. We believe the company’s cloud platform will be one of its key revenue generating businesses in the days ahead.
Per the press release, Oracle's analytic abilities are now available in the cloud via Oracle Analytics Cloud, while on premises is accessible via Oracle Analytics Server. Notably, Oracle Cloud Applications is powered by Oracle Autonomous Data Warehouse and available via Oracle Analytics Cloud.
The latest addition to its cloud platforms reflects Oracle’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, Oracle hopes to challenge the dominant position of Amazon (AMZN - Free Report) and Microsoft (MSFT - Free Report) in cloud computing market.
According to T.K. Anand, senior vice president of AI, Data Analytics and Cloud of Oracle, “Today, we are announcing a new vision, product experience, and commitment to customer success that will enable us to collaborate with our entire ecosystem and deliver a new era of enterprise analytics."
Cloud still remains an expanding market with high growth prospects. In a recent report, Gartner projected the public cloud market to reach $411.4 billion by 2020. According to International Trade Administration, the Chinese cloud market is likely to touch $20 billion mark by 2020 at a CAGR of 40%.
Per Technavio data, considering the government sector, the global cloud computing market is anticipated to witness a CAGR of over 13% amid 2018 and 2022.
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 boost long-term growth.
Bottom Line
Oracle is gaining traction in cloud business as evident from its fourth-quarter fiscal 2019 performance, which benefited from the ongoing cloud-based momentum. Total cloud services and license support revenues (61% of total revenues) for the reported quarter was up 3% in constant currency year over year and came in at $6.8 billion.
Further, total cloud license and on-premise license increased 12% year over year (15% in constant currency) to $2.52 billion. We believe that the company’s growing cloud market share will continue to drive the top line in the foreseeable future.
In fact, the cloud computing is likely to be one of its major growth drivers in the long run.
Match Group has a long-term earnings growth rate of 15.2%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Oracle Expands Analytics Offerings to Aid Customer Experience
Oracle Corporation (ORCL - Free Report) recently launched new solutions on Oracle Analytics Cloud Platform to handle business processes and offer augmented analytics, natural language processing (NLP), cloud-computing, machine-learning, enterprise planning workflows and data-analysis services.
The announcement was made at the Oracle’s Analytics Summit. The new offerings will help in creating best-in-class systems, scalable digital platforms and productivity systems.
This move of Oracle will enhance AI accessibility across companies. This will also aid the companies in application of the meaningful data insights generated structurally to transform business. The clients will also benefit from the new platform’s data security feature.
Oracle’s Analytics Cloud Platform, which includes Oracle Mobile Cloud Enterprise, Oracle Data Integration Platform Cloud, and Oracle API Platform Cloud, will enable organizations to manage business better and help reduce risk. Users can gain from the enhanced performance, favorable cost, reliable security and innovation offered by these solutions. We believe the company’s cloud platform will be one of its key revenue generating businesses in the days ahead.
Per the press release, Oracle's analytic abilities are now available in the cloud via Oracle Analytics Cloud, while on premises is accessible via Oracle Analytics Server. Notably, Oracle Cloud Applications is powered by Oracle Autonomous Data Warehouse and available via Oracle Analytics Cloud.
The latest addition to its cloud platforms reflects Oracle’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, Oracle hopes to challenge the dominant position of Amazon (AMZN - Free Report) and Microsoft (MSFT - Free Report) in cloud computing market.
According to T.K. Anand, senior vice president of AI, Data Analytics and Cloud of Oracle, “Today, we are announcing a new vision, product experience, and commitment to customer success that will enable us to collaborate with our entire ecosystem and deliver a new era of enterprise analytics."
Oracle Corporation Price and Consensus
Oracle Corporation price-consensus-chart | Oracle Corporation Quote
Cloud Prospects
Cloud still remains an expanding market with high growth prospects. In a recent report, Gartner projected the public cloud market to reach $411.4 billion by 2020. According to International Trade Administration, the Chinese cloud market is likely to touch $20 billion mark by 2020 at a CAGR of 40%.
Per Technavio data, considering the government sector, the global cloud computing market is anticipated to witness a CAGR of over 13% amid 2018 and 2022.
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 boost long-term growth.
Bottom Line
Oracle is gaining traction in cloud business as evident from its fourth-quarter fiscal 2019 performance, which benefited from the ongoing cloud-based momentum. Total cloud services and license support revenues (61% of total revenues) for the reported quarter was up 3% in constant currency year over year and came in at $6.8 billion.
Further, total cloud license and on-premise license increased 12% year over year (15% in constant currency) to $2.52 billion. We believe that the company’s growing cloud market share will continue to drive the top line in the foreseeable future.
In fact, the cloud computing is likely to be one of its major growth drivers in the long run.
Zacks Rank and Another Stock to Consider
Oraclecarries a Zacks Rank #2 (Buy).
Another top-ranked stocks in the broader technology sector is Match Group, Inc. (MTCH - Free Report) , flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Match Group has a long-term earnings growth rate of 15.2%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>