Oracle Expands Microsoft Partnership, Enhances Cloud Offerings

On Thursday, Oracle Corporation ORCL disclosed several contracts and product enhancements.

Oracle and Microsoft launched the Oracle Exadata Database Service on Exascale Infrastructure, cutting infrastructure costs by up to 95%.

Oracle Base Database Service will soon be available for easier management and pay-as-you-go pricing.

Oracle Database@Azure is now offered in 14 regions, with 18 more planned for next year.

Additionally, Exadata Database Service on Dedicated Infrastructure now supports the new Exadata X11M platform.

In a separate release, Oracle unveiled new employee communications and event management features.

The updates to Oracle Fusion Cloud Communicate is expected to help HR teams drive engagement, enable managers to improve communication for greater productivity, and empower employees to promote inclusivity through grassroots events.

Also, Lloyds Banking Group looks to enhance customer experience by migrating its Oracle databases to Oracle Database@Azure.

This move is expected to optimize business operations and banking services.

Additionally, AEGEAN, Greece's flagship carrier, has adopted Oracle Fusion Cloud Customer Experience (CX) to enhance personalization for travelers.

Yesterday, disclosed two major deals, one with NVIDIA Corporation and another with Singapore's Defence Science and Technology Agency (DSTA).

Investors can gain exposure to the stock via two exchange-traded funds (ETFs):

Pacer Funds Pacer Data and Digital Revolution ETF TRFK and iShares Expanded Tech-Software Sector ETF IGV.

Price Action: ORCL shares are down 0.43% at $151.80 premarket at the last check Thursday.

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