Oracle wins McDonald’s, Albertsons Nod on Cloud Service
Oracle’s cloud computing service has been on the rise in recent months, as reported in the firm’s first-quarter earnings.
The sector generated $886 million in sales, a 9% increase from the analyst prediction of $749 million.
Today, the company is able to secure a deal on some of the food industry’s frontrunners and health insurance to move some of their data on Oracle’s cloud computing services.
It won a deal from McDonald’s Corp, where the latter will move of its North American financial systems to Oracle software.
Similarly, the grocer Albertsons and the Kentucky-based provider Humana Inc. will also be under the technology firm’s watch.
The business software firm Xactly recently partnered with the tech firm and awarded most of its computing work to Oracle’s cloud service.
Founded 15 years ago, Xactly offers software that companies use to track compensations for sales staff with which they secured deals with.
The two companies did not disclose the deal’s extent, but reports note that this will be a “major” partnership since the company will move its flagship product called “Incent” to the California-based firm’s care.
Regaining the Throne
The recent partnerships are significant for Oracle as it battles to keep its head above the water against its giant counterparts, namely Amazon Web Services and Microsoft Corporation’s Azure.
This year, the company exhausted much of its resources to regain its position in the market. Among this year’s biggest partners are Zoom Video Communications and data centers around the world.
In a statement, Oracle software acknowledged the growth of its cloud applications business and its infrastructure software business, as exemplified in the Zoom app deal.
The video conferencing platform’s revenues doubled from the previous year’s last quarter to this year’s first.
Oracle’s business mix is said to be increasingly favorable to the growth, replacing their old businesses that are increasingly losing market value.
As a result of the better-than-expected reports, Oracle’s shares rallied 6% after the announcement. It recorded another 3.5% hike in the extended session.
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