🏢 Company Overview
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Full Name: Oracle Corporation
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Founded: June 16, 1977, in Santa Clara, California, USA
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Headquarters: Austin, Texas, USA
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Founders: Larry Ellison, Bob Miner, Ed Oates
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Industry: Enterprise Software, Cloud Computing, Databases, Artificial Intelligence
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CEO: Safra Catz
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Major Shareholder: Larry Ellison (42.7% of shares)
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Number of Employees: Approximately 159,000
📊 Financial Results for FY 2024
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Revenue: $53.0 billion (6% growth compared to the previous year)
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GAAP Profit: $10.5 billion
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GAAP Earnings per Share: $3.71
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Operating Cash Flow: $18.7 billion
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Cloud Services and License Support Revenue: $39.4 billion (12% growth)
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License and On-Premise Solutions Revenue: $5.1 billion (12% decline)
☁️ Cloud & AI Initiatives
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Oracle Cloud Infrastructure (OCI): A cloud platform used for training generative AI models, including projects with Meta and OpenAI.
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Oracle AI Agents: Implementation of AI agents in cloud applications to automate processes such as disease diagnosis, satellite image analysis, and fraud detection.
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AI Investments: In June 2024, Oracle announced a $1 billion investment in Spain to create a new cloud region in Madrid in partnership with Telefónica, aimed at supporting digital transformation and complying with EU regulations.
📈 Market Metrics
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Current Stock Price (as of May 7, 2025): $147.70
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Change for the Day: -1.65%
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Day’s Range: $145.90 – $149.49
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Volume: 5,108,595 shares