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Oracle (ORCL) Q1 2022 Earnings Call Transcript

Oracle (ORCL) Q1 2022 Earnings Call Transcript
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Oracle falls short of revenue targets but cloud growth stays strong

Oracle falls short of revenue targets but cloud growth stays strong
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Oracle ups the ante in MySQL competition while others maneuver for market share

Oracle ups the ante in MySQL competition while others maneuver for market share
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A commonly understood principle in the tech world is that over time, every industry ultimately gets disrupted. It’s MySQL’s turn.
The popular database technology was due for a shakeup after nearly 26 years. That disruption has recently been fueled by Oracle Corp., which released MySQL HeatWave in December. Other major cloud players and a growing ecosystem of smaller firms are seeking to raise MySQL’s profile in the future role of database tech for enterprise information technology.
In the past, MySQL was great for transactions, but data usually had to be moved via the so-called extract/transfer/load or ETL process for analytics. Transfers take time, and time is money. If the database got too big, performance would deteriorate. ....

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Oracle beats earnings forecast but says investments will tamp down next quarter

Oracle beats earnings forecast but says investments will tamp down next quarter
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Oracle Corp. today reported financial results that topped expectations in its fiscal third quarter on the strength of sales of its Generation 2 Cloud Infrastructure and cloud-based enterprise resource planning products.
Executive Chairman and Chief Technology Officer Larry Ellison also brashly predicted Oracle will ultimately lure away half of ERP rival SAP SE’s customers.
The database giant said third-quarter profit of $5.02 billion nearly doubled from a year earlier. Adjusted earnings per share of $1.16 bettered analyst forecasts of $1.11. Revenue rose to $10.09 billion from $9.8 billion a year earlier, slightly beating analysts’ estimates of $10.07 billion. ....

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Oracle is moving its headquarters from Silicon Valley to Austin, Texas - the latest tech giant to flee the tech capital for the Southern state

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Oracle is moving its headquarters from Silicon Valley to Austin, Texas - the latest tech giant to flee the tech capital for the Southern state
Oracle is moving its headquarters from Silicon Valley to Austin, Texas - the latest tech giant to flee the tech capital for the Southern state
Katie CanalesDec 12, 2020, 05:01 IST
Katie Canales/Business Insider
Oracle is moving its headquarters from Redwood Shores, California, to Austin, Texas, a company spokesperson confirmed to Business Insider.
The database-software giant had been based in Silicon Valley since it was founded in 1977.
Oracle s move is just the latest in a string of announcements of tech talent fleeing the San Francisco Bay Area for Texas, specifically Austin. ....

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