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OFFON

ORACLE CORPORATION

(ORCL)
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SoundHound Inc. Selects Oracle as its Strategic Cloud Infrastructure Provider

11/18/2021 | 08:00am EST

SoundHound Inc. has selected Oracle Cloud Infrastructure (OCI) as its strategic cloud infrastructure provider for its core cloud requirements. OCI will power SoundHound's voice AI platform as it processes billions of queries and scales to support explosive growth and global expansion. This will include SoundHound migrating its core suite of AI capabilities to OCI to achieve improved performance at a lower cost. SoundHound has developed an independent voice AI platform that allows businesses across industries to integrate conversational voice assistants into their products and services. Offering a variety of connectivity options, including cloud-only and hybrid solutions?that combine the power of the cloud with embedded technology?the company is driven by the promise to deliver exceptional voice experiences. To deliver on that promise, SoundHound has selected OCI for its superior performance, high availability, built-in security, and lower costs. SoundHound's technology currently powers the voice experience in millions of products from leading global brands, including Hyundai, Mercedes-Benz, Pandora, Deutsche Telekom, Snap, VIZIO, KIA, and Stellantis. By providing a high-performance cloud infrastructure, OCI will help SoundHound process more than 100 million queries each month?a number which doubled in the last six months?with queries projected to exceed 1 billion in 2021 alone.


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 31,0x
Yield 2022 1,60%
Capitalization 213 B 213 B -
EV / Sales 2022 6,26x
EV / Sales 2023 6,07x
Nbr of Employees 132 000
Free-Float 59,5%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 28
Last Close Price 79,78 $
Average target price 99,71 $
Spread / Average Target 25,0%
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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