Oracle Unveils Advanced GenAI Features in Cloud Apps and Expands Oracle Database@Azure to 2025 Regions – Pricing Insights

Highlights of Oracle's 2024 AI and Cloud Expansion

• Oracle introduces cutting-edge generative AI functionalities within its Fusion Cloud Applications Suite, aimed at boosting decision-making and enriching both employee and customer experiences.
• The collaboration with Microsoft expands Oracle Database@Azure availability to new international regions, including Frankfurt, Germany, and multiple other strategic locations worldwide.
• Cloud services continue to dominate Oracle's revenue streams, accounting for 83% of total revenue in the last fiscal quarter, underscoring the company's strong market presence.

In 2024, Oracle Corporation (ORCL) has significantly enhanced its cloud application offerings by embedding advanced generative AI capabilities into its Fusion Cloud Applications Suite. This strategic move empowers businesses to harness AI-driven insights, improving operational efficiency and customer engagement.

Oracle's AI features are seamlessly integrated on its robust cloud infrastructure, supporting over 50 generative AI use cases that prioritize enterprise data security, privacy, and compliance.

Steve Miranda, Oracle's Executive Vice President of Applications Development, emphasized the company's commitment to innovation, stating, "We have leveraged AI within our applications for several years and are now expanding generative AI tools across our suite to deliver greater value to our customers."

Additionally, Oracle and Microsoft have broadened the reach of their joint Oracle Database@Azure service. New regions such as Frankfurt, Germany, mark Oracle Database@Azure's European debut, with further expansions planned for Australia East, Brazil South, Canada Central, France Central, Central India, Italy North, Japan East, Southeast Asia, Sweden Central, United Kingdom South, Central United States, South Central United States, and United Arab Emirates North.

This expansion aligns with increasing global demand for integrated cloud database solutions, enabling enterprises to deploy scalable and secure databases closer to their operations.

Financially, Oracle's cloud segment remains a powerhouse, generating $32.39 billion in revenue during Q3 of fiscal 2024, representing 83% of the company’s total income for the period.

Oracle's stock performance reflects investor confidence, with shares trading steadily around $125.52 as of mid-2024 and showing nearly a 50% increase over the past year.

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