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Oracle (ORCL) Launches Cloud EPM for Sustainability Solution

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Oracle (ORCL - Free Report) has launched its Cloud EPM for Sustainability solution to help businesses measure and manage their sustainability efforts more effectively. This solution connects data, plans and targets across the organization, making it easier for leaders to track progress toward sustainability goals and optimize outcomes.

Collecting and analyzing environmental data can be a slow and error-prone process, which is often manually consolidated in spreadsheets. Oracle Cloud EPM for Sustainability simplifies this by collecting data from various sources and automating the process, ensuring accuracy and compliance with reporting standards like FRS and GRI.

With embedded scenario modeling capabilities, organizations can explore different options to determine the best course of action for their sustainability initiatives. This helps businesses make informed decisions and maximize their impact on environmental goals.

The solution also offers artificial intelligence (AI)-powered insights, alerting users to anomalies and providing self-service tools for data exploration. Predictive planning enables organizations to forecast future performance and continuously improve the company’s plans.

Narrative reporting capabilities help businesses align with reporting standards and share detailed reports with stakeholders. This enables timely action to reduce environmental impact and drive sustainable practices forward.

ORCL’s Capabilities to Aid Cloud Services & License Revenues

Oracle is known for its constant innovation and new capabilities that help its users across industries. Some of its new capabilities include Generative AI to Fusion Cloud Applications, Oracle Smart Operations and AI-powered analytics. These new features are expected to aid cloud services and license revenues.

The Zacks Consensus Estimate for ORCL’s fiscal 2024 cloud services and license revenues is pegged at $44.68 billion, indicating year-over-year growth of 26.5%. The Zacks Consensus Estimate for 2024 earnings is pegged at $5.54 per share, indicating year-over-year growth of 8.2%.

Oracle recently unveiled new generative AI features in its Fusion Cloud Applications Suite. These updates aim to help businesses make better decisions and enhance both employee and customer experiences. The improvements include integrating generative AI into various business processes like finance, supply chain, HR, sales and marketing.

ORCL has introduced Oracle Smart Operations to assist companies in boosting the effectiveness of their worldwide supply chain activities. With Oracle’s Fusion Cloud Manufacturing and Fusion Cloud Maintenance, customers can enhance factory output by improving productivity, quality and visibility while minimizing unplanned downtime.

The company revealed new AI features in its Fusion Data Intelligence to assist customers using Oracle Fusion Cloud Applications in making better decisions. This platform combines data insights with smart actions to enhance decision-making. These new AI capabilities enable organizations to improve their decision-making process and achieve better business results.

Shares of this Zacks Rank #3 (Hold) company have risen 19.1% year to date compared with the Zacks Computer and Technology sector’s growth of 10.2% due to tough competition from companies like Salesforce (CRM - Free Report) , Amazon (AMZN - Free Report) and Microsoft (MSFT - Free Report) .

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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