Oracle (ORCL) Secures Cloud Contract With Hitachi Construction [Yahoo! Finance]
Oracle Corporation (ORCL)
Last oracle corporation earnings: 3/12 04:02 pm
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Source: Yahoo! Finance
The Japanese heavy equipment manufacturer has chosen OCI to migrate its large-scale and mission-critical business systems across various departments, including accounting, development, production and sales. This move is part of Hitachi Construction Machinery's broader digital transformation strategy, which is aimed at unifying data from critical systems and preparing for future AI implementation. The migration leverages Oracle Cloud VMware Solution and Oracle Exadata Database Service on OCI, enabling a swift and reliable transition with minimal changes to existing applications and databases. This approach has allowed Hitachi Construction Machinery to achieve significant performance improvements, with online transaction processing performance increasing 50% and batch processing performance enhancing 60% for several core business systems. Additionally, the company has reduced its infrastructure operating costs by 20%, demonstrating the economic benefits of the cloud migration. Hitac
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News
- Oracle (ORCL) Shares Moved Higher in Q1 [Yahoo! Finance]Yahoo! Finance
- Healthcare Supply Chain Management Market Set to Reach USD 8.8 Billion by 2034, Growing at 11.9% CAGR: Transparency Market Research, Inc. [Yahoo! Finance]Yahoo! Finance
- Hitachi Construction Machinery Drives Digital Transformation by Moving Large-scale Systems to Oracle Cloud Infrastructure [Yahoo! Finance]Yahoo! Finance
- Hitachi Construction Machinery Drives Digital Transformation by Moving Large-scale Systems to Oracle Cloud InfrastructurePR Newswire
- Oracle Corporation (ORCL): Is It the Best Cloud Computing Stock to Buy Now? [Yahoo! Finance]Yahoo! Finance
ORCL
Earnings
- 6/11/24 - Beat
ORCL
Sec Filings
- 6/28/24 - Form 4
- 6/28/24 - Form 4
- 6/27/24 - Form 4
- ORCL's page on the SEC website