Oracle partners with Starlink for global broadband access

AUSTIN, Texas - Oracle Corporation (NYSE: NYSE:ORCL), a prominent player in the software industry with a market capitalization of $442.7 billion, has teamed up with SpaceX's Starlink to enhance its Enterprise Communications Platform (ECP) with high-speed broadband connectivity, enabling customers to access cloud-based applications from virtually any location worldwide. This collaboration leverages the Starlink satellite constellation, designed to deliver broadband internet from low Earth orbit. According to InvestingPro, Oracle maintains strong financial health with a robust gross profit margin of 71.26%.

The integration of Starlink's network into Oracle ECP allows for secure management of cloud application delivery, even in remote or traditionally underserved areas. Customers of Oracle's industry applications now have the opportunity to utilize satellite connectivity in over 100 countries and territories, facilitating operations in sectors such as healthcare, construction, utilities, hospitality, and the public sector. This expansion aligns with Oracle's growth trajectory, as the company reported annual revenue of $54.93 billion with a 6.4% year-over-year growth rate.

Oracle ECP, built on Oracle Cloud Infrastructure, ensures real-time information flow for connected devices, Internet of Things (IoT) endpoints, and mobile applications. It also provides security and monitoring for equipment against misuse or failures. The platform's edge component, Oracle Cloud Connector, enables remote hosting and management of video and audio applications, addressing various industry use cases.

The partnership is set to bolster mission-critical operations and data integrity during emergencies, with redundant backhaul connectivity to maximize application uptime even when primary connections fail. Oracle and Starlink aim to create an intelligent communications foundation that will accelerate business transformation globally.

This announcement comes ahead of the Mobile World Congress, where both Oracle and Starlink will showcase their offerings. Further information about Oracle ECP can be found on Oracle's website and LinkedIn, while details about Starlink for Businesses are available on the Starlink website.

The collaboration is based on a press release statement and highlights Oracle's commitment to expanding the reach of cloud technology and real-time information for its customers through the use of innovative satellite internet solutions. While Oracle's stock has experienced a recent 8.28% decline over the past week, InvestingPro analysis reveals 14 additional key insights about Oracle's financial health and market position. Discover comprehensive analysis and detailed metrics in the exclusive Pro Research Report, available to InvestingPro subscribers.

In other recent news, Salesforce (NYSE:CRM) and ServiceNow (NYSE:NOW) have seen increased investor confidence due to their advanced AI offerings, despite a broader tech market downturn. This comes as Barclays (LON:BARC) analyst Raimo Lenschow highlighted these companies' potential to benefit from more cost-efficient and accessible AI models. On another note, SoftBank (TYO:9984) Group is reportedly seeking funding assistance from Apollo Global Management (NYSE:APO) and Brookfield for the Stargate AI project, a massive initiative that has received commitments from tech giants like Oracle and Microsoft. The project aims to channel up to $500 billion into its development.

In related developments, Oracle Corporation and Microsoft Corporation (NASDAQ:MSFT) have experienced a surge in their shares following the announcement of the Stargate Project, a major initiative to enhance domestic AI leadership in the United States. Meanwhile, Oracle has also emerged victorious in a Delaware Supreme Court case related to its acquisition of NetSuite Inc., lifting a cloud of uncertainty that had been hovering over the company's executive leadership. Lastly, shares of prominent technology companies, including Microsoft and Nvidia (NASDAQ:NVDA), experienced gains following the announcement of a $100 billion joint venture aimed at funding AI infrastructure. These are the recent developments in these companies.

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