Oracle and Google Cloud expand database services partnership

LAS VEGAS - Oracle, a prominent player in the software industry with a market capitalization of $878 billion, and Google Cloud announced on Tuesday the general availability of new services for their Oracle Database@Google Cloud offering, expanding the multicloud database service to eight Google Cloud regions across Asia-Pacific, Europe, and North America. According to InvestingPro data, Oracle’s stock has shown remarkable performance with an 86.67% return year-to-date, reflecting strong investor confidence in its cloud initiatives.

The expanded partnership now includes the general availability of Oracle Autonomous AI Lakehouse, Oracle Exadata Database Service on Exascale Infrastructure, and Oracle Base Database Service. These additions provide customers with more options to leverage Oracle’s database technologies within Google Cloud environments. With annual revenue reaching $59.02 billion and growing at 9.67%, Oracle continues to demonstrate strong market momentum. For detailed insights into Oracle’s financial health and growth prospects, investors can access comprehensive analysis through the Pro Research Report available on InvestingPro.

Oracle Database@Google Cloud is now available in three additional Google Cloud regions: Melbourne, Montreal, and Iowa, joining the existing five regions in Tokyo, Frankfurt, London, Ashburn, and Salt Lake City. The companies plan to add nine more regions within the next 12 months, including locations in Mexico, Sydney, Mumbai, and São Paulo.

A key component of the announcement is the new partner program that allows Google Cloud and Oracle partners to purchase Oracle Database@Google Cloud through the Google Cloud Marketplace. Partners can now resell the service to their customers and integrate it into their solutions.

"With the general availability of Oracle Exadata Database Service on Exascale Infrastructure, Oracle Base Database Service, Oracle Autonomous AI Lakehouse, the addition of new regions, and industry firsts like the new partner program, we will be able to help even more customers simplify multicloud deployment and accelerate IT modernization," said Karan Batta, senior vice president at Oracle Cloud Infrastructure, in the press release.

The Oracle Autonomous AI Lakehouse integrates with Google’s data platforms, enabling users to apply Google’s Gemini models and Vertex AI to their data regardless of storage location. The Exadata Database Service on Exascale Infrastructure offers Oracle Exadata performance with flexible pay-as-you-go pricing.

The announcement was made during Oracle AI World, according to the company’s statement. Based on InvestingPro’s analysis, Oracle currently appears to be trading above its Fair Value, with analysts maintaining a positive outlook and setting price targets that suggest further potential upside. InvestingPro subscribers have access to over 16 additional key insights about Oracle’s financial performance and market position.

In other recent news, Oracle introduced the Oracle AI Database 26ai, integrating artificial intelligence directly into its core database architecture to enhance data management and analytics across multicloud and on-premises environments. This new release supports various AI capabilities, including Vector Search and application development. Oracle also announced enhancements to Oracle Database@AWS, adding features like the Oracle Autonomous AI Lakehouse and Zero Data Loss Autonomous Recovery Service, which aim to better serve enterprise workloads. Customers can now purchase Oracle Database@AWS through qualified AWS and Oracle channel partners, offering more procurement flexibility.

Additionally, Oracle plans to launch Multicloud Universal Credits, a licensing option allowing customers to purchase Oracle AI Database and Oracle Cloud Infrastructure services across multiple cloud platforms. These credits will be usable on AWS, Google Cloud, Microsoft Azure, and Oracle Cloud Infrastructure, streamlining procurement with consistent contracts. Oracle also introduced the OCI Dedicated Region25, a smaller cloud infrastructure option that delivers OCI’s cloud services directly into customer data centers with a reduced physical footprint. Lastly, Oracle unveiled its Autonomous AI Lakehouse, which combines Oracle Autonomous AI Database with Apache Iceberg for multi-cloud data access, available on various platforms including Oracle Cloud Infrastructure and AWS.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.