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ORACLE CORPORATION

(ORCL)
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Oracle Reaffirms Commitment to the United Arab Emirates with Second Cloud Region

11/09/2021 | 08:00am EST

Oracle announced the opening of its second cloud region in the United Arab Emirates to continue supporting UAE organizations with enterprise cloud services. The Oracle Cloud Abu Dhabi Region and the Oracle Cloud Dubai Region will provide customers with stronger business continuity and disaster recovery capabilities. The opening of the Abu Dhabi Region also directly supports the UAE's Fourth Industrial Revolution Strategy which focuses on advancing the national economy by driving innovation with the latest technologies. Both Oracle Cloud regions in the UAE are built on Oracle Cloud Infrastructure (OCI), which enables customers to easily migrate existing workloads and data platforms or build new cloud native applications that benefit from superior performance, lower cost, and built-in security capabilities. Customers will also have access to the full suite of Oracle Fusion 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 32,2x
Yield 2022 1,54%
Capitalization 221 B 221 B -
EV / Sales 2022 6,45x
EV / Sales 2023 6,25x
Nbr of Employees 132 000
Free-Float -
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Technical analysis trends ORACLE CORPORATION
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 28
Last Close Price 82,72 $
Average target price 99,71 $
Spread / Average Target 20,5%
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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