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OFFON

ORACLE CORPORATION

(ORCL)
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Oracle Reaffirms Commitment to Singapore with Opening of Oracle Cloud Region

11/08/2021 | 08:13pm EST

Oracle announced the opening of its Oracle Cloud Singapore Region. The new Singapore region will support growing demand for enterprise cloud services in South East Asia and expands Oracle's reach to 33 cloud regions globally; fueling the region's economic recovery and contributing to its digital economy. Cloud infrastructure underpins Singapore's drive for innovation and digital initiatives. To accelerate this, Oracle is offering 100 startups USD 30,000 each in Oracle Cloud credits over the next two years. Oracle is also providing free Oracle Cloud Infrastructure (OCI) training and certifications until 31 March 2022. The free training will help expand Singapore's IT talent pool and make it easier for businesses to acquire or develop the skilled professionals they need to grow and innovate quickly. OCI helps customers move their existing complex, mission-critical workloads and data platforms to the cloud, and build new cloud native applications, as well as benefit from the superior performance, lower cost, and built-in security capabilities. Customers will also have access to the full suite of Oracle Cloud Applications, as well as Oracle Autonomous Database, giving them the opportunity and choice to create the architecture that best suits their business needs.


ę S&P Capital IQ 2021
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Analyst Recommendations on ORACLE CORPORATION
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Financials (USD)
Sales 2022 42 361 M - -
Net income 2022 7 303 M - -
Net Debt 2022 52 129 M - -
P/E ratio 2022 30,9x
Yield 2022 1,60%
Capitalization 213 B 213 B -
EV / Sales 2022 6,25x
EV / Sales 2023 6,06x
Nbr of Employees 132 000
Free-Float -
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Mean consensus HOLD
Number of Analysts 28
Last Close Price 79,59 $
Average target price 99,71 $
Spread / Average Target 25,3%
EPS Revisions
Managers and Directors
Safra Ada Catz Chief Executive Officer & Director
Lawrence Joseph Ellison Chairman & Chief Technology Officer
Michael J. Boskin Independent Director
Jeffrey S. Berg Independent Director
Naomi O. Seligman Independent Director
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