Like its 78-year-old founder, Oracle might be seen as a dinosaur of American tech. Now the business looks to be turning a corner
Like Mr Ellison, Oracle might be regarded as a dinosaur of American tech. It began life in 1977 as a database-software business, later expanding into applications for business functions such as finance, sales and supply-chain management. As a latecomer to the cloud, however, Oracle has in recent years ceded market share in its core enterprise products to Amazon, Google and Microsoft, three cloud giants that have aggressively expanded their business-software offerings.
Investors like what they see. Oracle’s share price has risen by 73% in the past 12 months, well ahead of the tech-heavyindex . The company’s market value is $330bn, making it the world’s fourth-most-valuable business-software provider, behind only Microsoft, Alphabet and Amazon.of the sort that powers Chatand other content-creating bots. In March it became the first cloud provider to offer access to themodels.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oracle is on course to make Larry Ellison the world’s third-richest manCan the software giant’s winning streak last?
Read more »
BlackRock’s Larry Fink predicts AI could solve productivity crisis\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
Inflation - The Latest News from the UK and Around the World | Sky NewsThere are 1.05 million vacancies and 1.3 million people unemployed. But while employers are forking out more for services, the Bank of England will be stripping away the benefits to help control inflation. Read more:
Read more »
Finding the money to fix the world requires a rethink on tax, says Jayati GhoshThe current international economic and financial architecture “is inadequate and even obstructive”, argues Jayati1609. But there are “obvious strategies” to increase public resources across the world, she writes
Read more »
Rio Ferdinand rapped by watchdog over Qatar World Cup postRio Ferdinand rapped by advertising watchdog over Qatar World Cup post
Read more »