Oracle Corporation

Oracle is a multinational computer technology corporation specialising in developing and marketing database software and technology, cloud engineered systems, and enterprise software products.

Categories

Technology  

#27

Rank

$316.28B

MarketCap US

US United States

Country

Summary

Oracle Corporation is an American multinational technology company that specialises in developing and marketing enterprise software products, including database management systems, cloud computing solutions, and enterprise software applications. Founded in 1977 by Larry Ellison, Bob Miner, and Ed Oates, the company has grown to become one of the largest software vendors in the world, with operations in over 175 countries and a diverse portfolio of products and services.

Oracle's products and services are used by a wide range of customers in various industries, including government agencies, financial institutions, healthcare providers, retailers, and manufacturers. The company is known for its powerful database management systems, such as Oracle Database and MySQL, as well as its enterprise software applications, such as Oracle Fusion Applications and Oracle E-Business Suite. 

In recent years, Oracle has also invested heavily in cloud computing solutions, including its Oracle Cloud Infrastructure and Oracle Cloud Applications offerings, which provide customers with a range of cloud-based software and infrastructure services. 


History

Oracle Corporation was founded in 1977 by Larry Ellison, Bob Miner, and Ed Oates, who set out to develop a relational database management system that could run on a wide range of computer systems. The company's first commercial product, Oracle Database, was released in 1979 and quickly gained popularity among customers in various industries. Throughout the 1980s, Oracle continued to expand its product offerings, introducing a range of database-related software and hardware solutions and becoming one of the largest software vendors in the world. In 1986, the company went public and began trading on the NASDAQ exchange.

In the 1990s, Oracle continued to grow and diversify its product portfolio, introducing new enterprise software applications and expanding its focus to include internet-related technologies. The company also made several strategic acquisitions during this time, including PeopleSoft, Siebel Systems, and BEA Systems, which helped to further expand its product offerings and customer base. By the end of the decade, Oracle had become one of the largest software companies in the world, with operations in over 145 countries and a reputation for innovative, enterprise-class software solutions.

In the early 2000s, Oracle continued to grow its business through a combination of organic growth and strategic acquisitions. In 2004, the company acquired PeopleSoft, one of its main competitors in the enterprise software space, in a hostile takeover worth over $10 billion. This acquisition helped to solidify Oracle's position as a leading provider of enterprise software solutions and further expanded its customer base.

In recent years, Oracle has focused on expanding its presence in the cloud computing market, introducing a range of cloud-based software and infrastructure services to help customers manage their data and applications more effectively. In 2012, the company launched its Oracle Cloud service, which provides customers with access to a range of cloud-based applications, platform services, and infrastructure services. Today, Oracle is one of the largest providers of cloud computing services in the world, with a wide range of offerings that cater to customers in various industries and geographies. 


Mission

Oracle's mission is to help people and organizations use technology to achieve their goals and overcome their business challenges. The company is committed to delivering innovative, enterprise-class software solutions that are easy to use, highly reliable, and provide a high degree of value to its customers. Oracle's mission is to provide customers with the tools they need to manage their data and applications effectively, so they can make better business decisions and achieve their objectives.

In line with this mission, Oracle is focused on helping customers transition to the cloud, providing a range of cloud-based software, platform, and infrastructure services to help organizations manage their data and applications more efficiently. The company's mission is to make it easier for customers to move to the cloud and take advantage of the benefits it provides, such as scalability, flexibility, and cost savings.


Vision

Oracle's vision is to be the world's leading provider of innovative software solutions that help customers transform their businesses and achieve their goals. The company's vision is to create a future where technology is leveraged to solve complex business challenges and drive meaningful change in the world.

To achieve this vision, Oracle is focused on delivering cutting-edge technologies that help customers stay ahead of the curve and adapt to the constantly changing business landscape. The company's vision is to be at the forefront of innovation, developing new technologies that enable customers to harness the power of data and analytics to make better business decisions.


Key Team

Lawrence J. Ellison (Chairman of the Board and Chief Technology Officer)

Safra A. Catz (Chief Executive Officer)

T.K. Anand (Executive Vice President, Analytics)

Colleen Cassity (Global Head of Oracle Social Impact, Executive Director of the Oracle Education Foundation)

Jon Chorley (Chief Sustainability Officer)

Mary Ann Davidson (Chief Security Officer)

Jae Evans (Global Chief Information Officer and Executive Vice President)

Evan Goldberg (Executive Vice President, Oracle NetSuite)

Ivgen Guner (Executive Vice President, Global Business Finance)

Mark Hura (Executive Vice President, North America Cloud Infrastructure)

Garrett Ilg (Executive Vice President, Japan and Asia Pacific)

Rod Johnson (Executive Vice President, Cloud Applications, North America)

Juan C. Jones (Executive Vice President, Global Support Renewals)

Doug Kehring (Executive Vice President, Corporate Operations)

Stuart Levey (Executive Vice President and Chief Legal Officer)

Juan Loaiza (Executive Vice President, Mission-Critical Database Technologies)

Kim Lynch (Executive Vice President, Government Defense and Intelligence)

Clay Magouyrk (Executive Vice President, Oracle Cloud Infrastructure Development)

Jason Maynard (Executive Vice President, Revenue Operations)

Luiz Meisler (Executive Vice President, Latin America)

Andrew Mendelsohn (Executive Vice President, Oracle Database Server Technologies Development)

Gary Miller (Customer Success Officer and Executive Vice President, Oracle Customer Success Services)

Steve Miranda (Executive Vice President, Oracle Applications Development)

Edward Screven (Executive Vice President, Chief Corporate Architect)

Mike Sicilia (Executive Vice President, Oracle Global Industries)

Maria Smith (Executive Vice President and Chief Accounting Officer)

Richard Smith (Executive Vice President, Technology, Europe, Middle East, and Africa)

Maz Songerwala (Senior Vice President, Oracle Applications Service Experience)

Jonathan Tikochinsky (Executive Vice President, Oracle Strategic Initiatives Group)

Traci Wade (Group Vice President and Global Head of Diversity and Inclusion)

Cormac Watters (Executive Vice President, Applications, Europe, Middle East, and Africa)

Joyce Westerdahl (Executive Vice President, Human Resources)


Recognition and Awards
Forbes Cloud 100: Oracle was named in the Forbes Cloud 100 list for four consecutive years, from 2016 to 2019, recognizing the company's leadership in the cloud industry. Gartner Magic Quadrant: Oracle has been named a leader in numerous Gartner Magic Quadrant reports, including for ERP, CRM, SCM, and HCM. The reports recognize Oracle's excellence in innovation, product functionality, and customer satisfaction. Java Community Process: Oracle has received multiple awards from the Java Community Process (JCP), recognizing the company's contributions to the Java programming language and ecosystem. Stevie Awards: Oracle has won several Stevie Awards for Sales and Customer Service, recognizing the company's commitment to delivering exceptional customer experiences.

Products and Services

Database Management Systems: Oracle is best known for its flagship product, Oracle Database, a robust and reliable relational database management system. It enables businesses to efficiently store, organize, and retrieve vast amounts of structured and unstructured data. Oracle Database is widely used in enterprises for critical applications, data warehousing, and analytics. Additionally, the company provides other specialized database offerings such as MySQL and Oracle NoSQL Database to cater to different needs.

Cloud Services: Oracle has made significant strides in cloud computing, providing a comprehensive suite of cloud-based solutions. Oracle Cloud Infrastructure (OCI) offers scalable and secure cloud computing resources, including virtual machines, storage, and networking, to help businesses migrate their infrastructure to the cloud seamlessly. Furthermore, Oracle Cloud Platform delivers a range of platform-as-a-service (PaaS) offerings like databases, AI and machine learning tools, and application development tools.

Enterprise Software: Oracle offers a wide range of enterprise software solutions designed to enhance productivity and streamline business operations. The company's portfolio includes Customer Relationship Management (CRM) software, Enterprise Resource Planning (ERP) systems, Human Capital Management (HCM) software, and Supply Chain Management (SCM) applications. These offerings enable businesses to optimize their processes, enhance customer experience, and make data-driven decisions.

Industry-Specific Solutions: Recognizing the diverse needs of various industries, Oracle provides tailored solutions to sectors such as finance, healthcare, retail, telecommunications, and more. These industry-specific applications integrate seamlessly with existing systems and comply with industry regulations, allowing organizations to gain a competitive edge and accelerate their digital transformation.

Consulting and Support Services: Oracle Corporation offers consulting services to help businesses deploy, configure, and optimize their Oracle-based solutions effectively. The company's professional services team assists with implementation, migration, and customization of Oracle products to meet specific organizational requirements. Additionally, Oracle provides comprehensive support and maintenance services to ensure the smooth functioning of their software and systems.


References
Oracle Corporation
Leadership team

Safra A. Catz (Chief Executive Officer)

T.K. Anand (Executive Vice President, Analytics)

Colleen Cassity (Global Head of Oracle Social Impact, Executive Director of the Oracle Education Foundation)

Jon Chorley (Chief Sustainability Officer)

Mary Ann Davidson (Chief Security Officer)

Industries

Technology

Products/ Services
Oracle Applications, Oracle Database, Oracle ERP, Oracle Cloud, Enterprise Manager, Fusion Middleware, Servers, Workstations, Storage
Number of Employees
Above 50,000
Headquarters
2300 Oracle Way Austin, TX 78741
Established
1977
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0000727632
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
ORCL
Social Media

Related Companies

Related Companies

Sun Mar 03 2024
About

businessabc offers a global business, SMEs wiki directory blockchain, NFTs, AI powered marketplace for businesses worldwide.

Follow Us
Produced by
In collaboration with
Logo

Copyright 2023 © businessabc powered by ztudium