Oracle Corporation (ORCL - Free Report) recently expanded Oracle Digital Experience for Communications suite of solutions with the latest “Oracle Enterprise Catalog for Communications.”
The solution loaded with robust capabilities is aimed at enabling communications service providers (CSPs) to enhance portfolio with improved customer engagement.
Oracle Enterprise Catalog for Communications is pre-integrated with robust commerce, fulfillment, billing and sales capabilities, and Oracle Siebel CRM. The integration provides CSPs the ability to import catalog information in a streamlined manner.
Moreover, the new offering is infused with AI capabilities, which assists CSPs in targeting required customer base, in turn accelerating business processes.
Oracle Enterprise Catalog for Communications is scheduled for general availability in fiscal 2020. Notably, the offering is already gaining popularity, which is a positive. Further, accelerated deployment of 5G bodes well in this regard.
Telecom players which include, Asia-based Circles.Life and Austria-based ORS Group recently opted for various solutions of Oracle’s Digital Experience for Communications suite.
We expect the adoption of Oracle Enterprise Catalog for Communications solution to generate incremental revenues for the company, going ahead. Further, ongoing cloud-based momentum bode well for the company’s top line.
What Investors Should Know?
Oracle’s move to ramp up its cloud offerings is in sync with its evolving CX strategy. This initiative is anticipated to strengthen its competitive position against peers like salesforce.com (CRM - Free Report) , SAP (SAP - Free Report) , Adobe (ADBE - Free Report) , among others.
Moreover, synergies from acquisitions of DataFox, Moat, Crosswise, AddThis, BlueKai, Datalogix, and Grapeshot have fortified Oracle’s software platforms with robust ML, AI and analytics tools.
Per Gartner as revealed by Oracle, the use of advanced personalization engines (utilized to be familiar with evolving customer tastes) is anticipated to drive profit levels of digital businesses by up to 15% by 2020.
Moreover, per a report by MarketsAndMarkets, edge AI software market is expected to hit $1.152 billion by 2023 at a CAGR of 26.5% from $356 million in 2018. Oracle seems to be leaving no stone unturned with robust intelligent software platforms leveraging AI, to benefit from the huge growth prospects.
According to Gartner, spending on communications services is projected to hit $1.513 billion in 2020 from $1.489 billion in 2018. Further, the research firm expects spending on Software-as-a-Service (SaaS) to reach $42 billion in 2019. We believe Oracle is well poised to capitalize on growth opportunities of its domain on the back of its ongoing initiatives in the communications vertical.
The growing clout of digital transformation among CSPs to address evolving consumer demand bodes well for Oracle’s expanding portfolio of cloud-based applications pertaining to the domain.
Currently, Oracle carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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