Oracle is prospected by companies that are selling AI, CRM, Digital services, Planning, Analytics, Security, Marketing, Account management and other solutions. These are a few quick insights about Oracle that you might find valuable in your outreach.
Oracle Introduces Generative AI Capabilities to Help HR Boost Productivity
(source: https://www.oracle.com/news/announcement/oracle-hcm-generative-ai-2023-06-28/)
Intel type: Launches, Awards and Wins
Date: 28 June 2023
Oracle today announced the addition of generative AI-powered capabilities within Oracle Fusion Cloud Human Capital Management (HCM). Supported by the Oracle Cloud Infrastructure (OCI) generative AI service, the new capabilities are embedded in existing HR processes to drive faster business value, improve productivity, enhance the candidate and employee experience, and streamline HR processes.
“Generative AI is boosting productivity and unlocking a new world of skills, ideas, and creativity that can have an immediate impact in the workplace,” said Chris Leone, executive vice president, applications development, Oracle Cloud HCM. “With the ability to summarize, author, and recommend content, generative AI helps to reduce friction as employees complete important HR functions. For example, with the new embedded generative AI capabilities in Oracle Cloud HCM, our customers will be able to take advantage of large language models to drastically reduce the time required to complete tasks, improve the employee experience, enhance the accuracy of workforce insights, and ultimately increase business value.”
This insight is useful for your prospecting if your business deals with: AI, Generative AI, Omnichannel, Content management, Finance, Security, Opensource and Web development services
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Oracle Announces Fiscal 2023 Fourth Quarter and Fiscal Full Year Financial Results
(source: https://www.oracle.com/news/announcement/q4fy23-earnings-release-2023-06-12/)
Intel type: Investment, Fund Raises & Finance
Date: 13 June 2023
“Oracle’s revenue reached an all-time high of $50 billion in FY23,” said Oracle CEO, Safra Catz. “Annual revenue growth was led by our cloud applications and infrastructure businesses which grew at a combined rate of 50% in constant currency. Our infrastructure growth rate has been accelerating—with 63% growth for the full year, and 77% growth in the fourth quarter. Our cloud applications growth rate also accelerated in FY23. So, both of our two strategic cloud businesses are getting bigger—and growing faster. That bodes well for another strong year in FY24.”
“Oracle’s Gen2 Cloud has quickly become the number 1 choice for running Generative AI workloads,” said Oracle Chairman and CTO, Larry Ellison. “Why? Because Oracle has the highest performance, lowest cost GPU cluster technology in the world. NVIDIA themselves are using our clusters, including one with more than 4,000 GPUs, for their AI infrastructure. Our GPU clusters are built using the highest-bandwidth and lowest-latency RDMA network—and scale up to 32,000 GPUs. As a result, cutting edge companies doing LLM development such as Mosaic ML, Adept AI, Cohere plus 30 other AI development companies have recently signed contracts to purchase more than $2 billion of capacity in Oracle’s Gen2 Cloud.”
This insight is useful for your prospecting if your business deals with: CRM, Sales planning, Marketing, Revenue retention, Operations, Analytics, E-com, Inventory management services
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FedRAMP® Approves Additional Oracle Cloud Infrastructure Services
Intel type: Deals & Partnerships
Date: 16 June 2023
An expanded list of Oracle Cloud Infrastructure (OCI) services has attained FedRAMP approval, making more cloud services available to customers in the civilian, defense, and intelligence community.
“Oracle is committed to providing our government customers with innovative cloud services that modernize both services and infrastructure, and deliver the highest security features available,” says Rand Waldron, vice president, Global Government Sector, Oracle. “Government agencies can confidently leverage our FedRAMP Authorized cloud services to meet their mission needs, knowing that we have taken extensive measures to protect their technology, processes, and people.”
This insight is useful for your prospecting if your business deals with: CRM, AI, Software, Cybersecurity, Account management, Team management and Marketing services
Is Oracle a target account for you? Get insights about Oracle and 9 more accounts relevant to YOUR business, from B2Brain – set up your 14 day Free Trial from here.
