Oracle to launch multicloud universal credits for database services

LAS VEGAS - Oracle (NYSE: ORCL), a prominent player in the software industry with annual revenue of $59 billion, announced plans to introduce Multicloud Universal Credits, a new licensing option that will allow customers to purchase Oracle AI Database and Oracle Cloud Infrastructure services across multiple cloud platforms, according to a press release issued Tuesday. According to InvestingPro, the company has demonstrated strong growth with a 9.67% increase in revenue over the last twelve months.

The new credits will be usable across Oracle’s database services on AWS, Google Cloud, Microsoft Azure, and Oracle Cloud Infrastructure (OCI). The system aims to streamline procurement with consistent contracts across different cloud providers.

The licensing option is designed to provide customers with a single consumption model across clouds, expanded access to regions, and workload portability. This would allow organizations to deploy Oracle AI Database workloads on OCI in any available AWS, Google Cloud, Microsoft Azure, or OCI region, subject to marketplace policies. This strategic move comes as Oracle maintains its market leadership position, with InvestingPro data showing the company’s market capitalization has reached $878 billion, reflecting investor confidence in its cloud strategy.

"Oracle’s industry-leading multicloud solution is designed to help customers accelerate application modernization and cloud migrations," said Karan Batta, senior vice president of Oracle Cloud Infrastructure, in the press release statement.

IDC research vice president Dave McCarthy noted that "procurement and governance are often roadblocks for innovation," adding that Oracle’s new approach could accelerate adoption of the company’s multicloud services.

The Multicloud Universal Credits are not yet widely available, with Oracle offering early access to interested customers. This initiative is part of Oracle’s broader distributed cloud strategy, which includes public cloud, dedicated cloud, hybrid cloud, and multicloud offerings.

Oracle’s announcement comes as major cloud providers continue to compete for enterprise customers seeking flexibility across multiple platforms. The company trades on the NYSE under the ticker ORCL and has delivered impressive returns, with the stock price rising 76.63% over the past year to $308.01. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading above its intrinsic value, with additional insights available in the comprehensive Pro Research Report covering Oracle among 1,400+ top US stocks.

In other recent news, Oracle has introduced several new offerings and partnerships aimed at enhancing its cloud and AI capabilities. Oracle announced the availability of the Oracle Cloud Infrastructure (OCI) Dedicated Region25, a new cloud service option that allows customers to deploy OCI directly into their data centers with a minimal physical footprint. Additionally, Oracle launched its Autonomous AI Lakehouse, an open data platform that integrates Oracle Autonomous AI Database with Apache Iceberg, enabling multi-cloud data access across platforms like AWS and Microsoft Azure.

Oracle has also introduced the AI Factory, a suite of services designed to help customers implement AI solutions more efficiently. In collaboration news, Oracle partnered with Duality Technologies to offer a secure data collaboration platform on Oracle Cloud Infrastructure, aimed at government and defense sectors. Fitch Ratings has affirmed Oracle’s Long-Term Issuer Default Rating at ’BBB’ with a Stable outlook, acknowledging the company’s substantial investments in AI infrastructure. These developments reflect Oracle’s ongoing efforts to expand its cloud and AI services portfolio.

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