Oracle Corporation is a global leading cloud technology application and infrastructure technology company headquartered in California, USA. It was founded in 1977 and mainly provides enterprise-level software and cloud computing services, covering database management, enterprise resource planning (ERP), supply chain management, human resource management, customer relationship management and other fields. Its products include Oracle Database, Oracle Cloud, Oracle ERP, Oracle Human Resource Management, etc. It is committed to helping customers achieve digital transformation and providing efficient and reliable technical solutions.

Interesting Origin of Chinese Name

"Oracle" is a writing system in ancient China, mainly engraved on tortoise shells and animal bones, used for divination, sacrifice and other purposes. In ancient times, it meant "oracle" and is one of the origins of Chinese characters. Oracle has an important position in Chinese history and culture, showing information about ancient Chinese politics, religion, culture and other aspects. Therefore, Oracle has become a symbol of Chinese characters, representing the civilization and wisdom of ancient China. Oracle Corporation named its Chinese name "Oracle" to highlight its leading position in the cloud service field, express the company's commitment to technology and innovation, and express respect and recognition of Chinese culture.

Joining hands with AI giants to win several big orders

Oracle CEO Safra Catz revealed that in the third and fourth quarters, Oracle signed the largest sales contracts in history. In the fourth quarter alone, Oracle signed more than 30 AI sales contracts with a total value of more than US$12.5 billion, including cooperation with OpenAI to train ChatGPT in Oracle Cloud.

In addition, Google will also cooperate with Oracle to facilitate Google Cloud customers to call Oracle's database services. Oracle CEO Safra Catz said that Oracle Database on Google Cloud will be launched in September, and customers can directly access Oracle database services deployed on Google Cloud. The company will run 12 Oracle databases on Google Cloud sites this year.

Financial report disclosed, stock price soared

After the U.S. stock market closed on Tuesday, Oracle disclosed its fourth quarter and full-year results for fiscal year 2024 (the year-end date is May 31), and the fourth quarter results were lower than expected. However, Oracle's stock price showed significant changes after the market, rising by 9.45%. Although the profit in the fourth quarter decreased year-on-year, benefiting from the good performance foundation in the first three quarters, Oracle's revenue in fiscal year 2024 increased by 6.0% year-on-year to US$52.96 billion; net profit increased by 23.1% year-on-year to US$10.47 billion. Currently, Oracle's stock price has exceeded US$140.

source：uSMART

Focusing on cloud computing business

Although Oracle started out with database software, the company has been actively expanding its cloud infrastructure business in recent years to compete with cloud computing giants such as Amazon, Microsoft, and Google. This business is also seen as the key to the company's future growth.

Benefiting from the explosion in the field of AI, Oracle's cloud computing business has performed well. Oracle specifically pointed out in its financial report that cloud revenue (Iaas plus SaaS) in the fourth quarter increased by 20% year-on-year to US$5.3 billion. Among them, revenue from cloud infrastructure (IaaS) during the period increased by 42% year-on-year to US$2 billion, exceeding expectations, reflecting the market's strong demand for Oracle's rental computing power and storage services.

In the process of catching up with cloud computing giants such as Microsoft and Amazon, Oracle's investment in the field of artificial intelligence has played a key role. It is understood that Oracle has invested billions of dollars to purchase hardware from chip giant Nvidia (NVDA.US) to support the expansion of its cloud computing business.

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