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LAS VEGAS - Oracle (ORCL), a prominent player in the software industry with a market capitalization of $878 billion, announced Tuesday it has enhanced Oracle Database@AWS with new capabilities including Oracle Autonomous AI Lakehouse, Zero Data Loss Autonomous Recovery Service, and Terraform support to better serve enterprise workloads. According to InvestingPro data, the company has demonstrated remarkable growth with a 129.65% return over the past six months.
The company also revealed that customers can now purchase Oracle Database@AWS through qualified AWS and Oracle channel partners via the AWS Channel Partner Private Offers program, providing additional procurement flexibility.
"Since making Oracle Database@AWS generally available in July, we’ve seen strong demand from large enterprises across a wide range of industries," said Karan Batta, senior vice president at Oracle Cloud Infrastructure. This expansion aligns with Oracle’s robust financial performance, generating $59.02 billion in revenue over the last twelve months. InvestingPro analysis reveals 18+ additional key insights about Oracle’s performance and valuation metrics, available to subscribers.
The Zero Data Loss Autonomous Recovery Service enables customers to recover business-critical data to within less than a second of when an outage or ransomware attack occurs. The Autonomous AI Lakehouse combines Apache Iceberg open data tables format with Oracle AI Database capabilities, while Terraform support allows DevOps teams to manage database resources as infrastructure-as-code.
Zema Global has adopted the service to improve its migration from on-premises systems. "Oracle Database@AWS has provided Zema Global with a simplified migration path from on-premises to AWS that dramatically improves uptime and resiliency," said Chad Ellison, CTO at Zema Global.
Major consulting firms including Accenture, Deloitte, and Infosys are participating in the new partner program, which enables them to offer customized pricing and contract terms while maintaining direct billing relationships with customers.
Currently available in AWS U.S. East (N. Virginia) and U.S. West (Oregon) Regions, Oracle plans to expand the service to 20 additional regions globally.
The announcement was made at Oracle AI World, according to the company’s press release statement.
In other recent news, Oracle Corporation has announced several initiatives aimed at expanding its cloud and AI capabilities. The company plans to introduce Multicloud Universal Credits, allowing customers to use Oracle AI Database and Oracle Cloud Infrastructure services across multiple cloud platforms, including AWS, Google Cloud, Microsoft Azure, and Oracle Cloud Infrastructure. This move is designed to simplify procurement processes with uniform contracts across different providers. Additionally, Oracle has launched the Oracle Cloud Infrastructure (OCI) Dedicated Region25, a new option that enables customers to deploy OCI services directly in their data centers with a smaller physical footprint.
Oracle also unveiled its Autonomous AI Lakehouse, combining its AI Database with Apache Iceberg to facilitate data access across various cloud environments without the need to transfer data between platforms. The introduction of the AI Factory further supports Oracle’s focus on artificial intelligence by providing structured support services to help customers and partners implement AI solutions more efficiently. In a related development, Fitch Ratings has affirmed Oracle’s Long-Term Issuer Default Rating at ’BBB’ with a Stable outlook, recognizing the company’s substantial investments in AI compute infrastructure tied to multi-year contracts with major clients like OpenAI and Meta.
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