Business software
Software program used to perform various business functions
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2025 | Oracle plans to reduce its carbon emissions by 26% compared to the 2015 base year. |
January 2025 | President Donald Trump announced Stargate, a joint venture by Oracle, OpenAI, SoftBank, and MGX to invest $500 billion over four years in artificial intelligence infrastructure in the US. |
2024 | Continued growth with revenue increasing to $52,961 million and net income of $10,467 million, with workforce at 159,000 employees. |
September 2024 | Oracle announced significant investments in Cerner's core clinical operations, including tens of thousands of engineering hours and millions of dollars, and released the Oracle Clinical Digital Assistant, a generative AI system for creating consultation documentation and proposing medical orders. |
July 2024 | Oracle settled the class action lawsuit by paying $115 million to customers and agreeing to cease user tracking practices. |
June 2024 | Announced a $1 billion investment in Spain to enhance artificial intelligence and cloud computing, creating a new cloud region in Madrid in partnership with Telefónica. |
April 2024 | Announced plans to move world headquarters from Austin to a new complex in Nashville, Tennessee. |
March 2024 | South Africa's Special Investigating Unit discovered conflicts of interest, irregular processes, and non-compliance in Oracle's contract, and announced plans to petition for blacklisting Oracle, cancelling the contract, and recovering paid funds. |
March 8 2024 | Biden announced he would sign a bipartisan bill banning TikTok in the United States if ByteDance does not divest from the company. |
2023 | Microsoft acquired Activision Blizzard for $68.7 billion, further expanding its gaming business. |
2023 | Oracle ranked 80th in the Forbes Global 2000 list of the world's largest companies. |
2023 | Significant growth with revenue reaching $49,954 million, employee count expanding to 164,000, and stock price rising to $104.69. |
2023 | Oracle was contracted by the Heritage Foundation to create a database of potential conservative employees for staffing a Republican administration through Project 2025, aimed at preparing for a potential Republican presidency in 2025. |
February 2023 | Announced a $1.5 billion investment in the Kingdom of Saudi Arabia, including opening a data centre in Riyadh. |
February 27 2023 | Biden changed his stance on TikTok, echoing Trump's 2020 concerns by ordering federal agencies to remove TikTok from all federal devices within thirty days, with federal contractors required to do the same within ninety days. |
2022 | Microsoft established the Microsoft Gaming division, becoming the third-largest gaming company in the world by revenue. |
2022 | Oracle was awarded a $9 billion cloud computing contract from the United States Department of Defense, shared with Amazon, Google, and Microsoft. |
2022 | Umang Gupta, former vice president and general manager, passes away. |
2022 | Company workforce increased to 143,000 employees, with revenue growing to $42,440 million. |
September 2022 | Oracle settled with the U.S. Securities and Exchange Commission (SEC) by agreeing to pay $23 million to resolve Foreign Corrupt Practices Act (FCPA) violations involving its subsidiaries in India, Turkey, and the United Arab Emirates. |
August 2022 | A class action lawsuit was filed against Oracle by Lieff Cabraser, alleging deliberate surveillance of users by tracking personal information without consent. |
July 2022 | Discussions between Oracle and Joe Gibbs Racing for a potential sponsorship were reported to have fallen through. |
July 2022 | Oracle completed the Cerner acquisition after receiving final approval from European regulators, officially bringing Cerner into Oracle Health and Oracle Life Sciences. |
June 8 2022 | Completed the acquisition of Cerner for US$28.3 billion in cash. |
January 18 2022 | Microsoft announced acquisition of Activision Blizzard in an all-cash deal worth $68.7 billion, with the deal closing on October 13, 2023. |
2021 | Oracle began sponsoring the Red Bull Racing Formula One team. |
2021 | Oracle achieved a peak net income of $13,746 million, with stock price reaching $83.85 and employee count at 132,000. |
December 20 2021 | Oracle announced an agreement to acquire Cerner Corporation for approximately $28.3 billion, creating a dedicated Industry Business Unit within the company and marking Oracle's largest acquisition. |
December 13 2021 | Kronos announced a ransomware attack on December 11 that disabled the Kronos Private Cloud software functionality for several weeks, forcing customers to use alternative payment methods. |
November 2021 | Workday acquired VNDLY, a contractor and external staffing vendor management company located in Ohio, USA. |
June 24 2021 | Microsoft announced Windows 11 during a livestream, contrary to previous statements about Windows 10 being the last version. |
February 10 2021 | The Wall Street Journal reported that the Biden administration would back off from banning TikTok and shelve the sale indefinitely, with the U.S. Commerce Department reviewing Trump's claims about the platform. |
2020 | Oracle became the third-largest software company in the world by revenue and market capitalization. |
December 2020 | Announced the relocation of world headquarters from Redwood Shores to Austin, Texas. |
December 31 2020 | Oracle reported total carbon dioxide equivalent (CO2e) emissions at 428 kilotonnes, which represented a 17% increase from the previous year. |
September 21 2020 | Microsoft announced intent to acquire ZeniMax Media (Bethesda Softworks' parent company) for about $7.5 billion. |
September 19 2020 | The Trump administration approved the sale of TikTok's US operations to Oracle, delaying restrictions that were originally set to take effect on September 20. |
September 15 2020 | As a result of a U.S. presidential executive order, Oracle entered into a trade deal with TikTok, becoming its potential technology partner and assuming responsibility for U.S. user data. |
September 13 2020 | Bloomberg News reported that Oracle won a bidding war to take over TikTok's U.S. operations following pressure from the Trump administration to potentially shut down the social media platform. |
April 2020 | In response to the COVID-19 pandemic, Kronos introduced an automated contact tracing tool that analyzes work and attendance records to identify potentially affected co-workers. |
April 1 2020 | The merger between Kronos Incorporated and Ultimate Software was officially completed, forming Ultimate Kronos Group. |
February 2020 | Kronos Incorporated announced a merger with Ultimate Software, with the combined company to be led by Aron Ain and named Ultimate Kronos Group. |
2019 | Announced partnership with Microsoft to compete with Amazon Web Services, connecting Oracle Cloud and Microsoft Azure. |
2019 | Mark Hurd passes away after serving as CEO from 2014 to 2019. |
December 31 2019 | End of the period of FCPA violations by Oracle's international subsidiaries. |
April 2019 | Microsoft reached a trillion-dollar market capitalization, becoming the third U.S. public company to achieve this valuation. |
January 2019 | Oracle entered into a 20-year agreement to rename the San Francisco Giants' stadium to Oracle Park. |
2018 | Workday acquired Stories.bi, a company founded by Filip Doušek. |
2018 | Notable year with a significant drop in net income to $3,825 million, despite maintaining revenue around $39,831 million. |
2018 | Oracle was ranked No. 82 in the Fortune 500 list of the largest United States corporations by total revenue. |
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