Oracle Corporation
American multinational computer corporation
Follow Oracle Corporation on Notably News to receive short updates to your email — rarely!
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. |
November 2024 | The Millennium system implementation began at some Västra Götaland healthcare facilities. However, the rollout was immediately halted due to serious transcription problems that posed patient risks, forcing a return to previous systems and an indefinite delay. |
November 2024 | Deno Land filed a petition with the US Patent and Trademark Office to cancel Oracle's registered trademark for 'JavaScript', challenging the trademark's legitimacy. |
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. |
July 1 2024 | Oracle VM Server for x86 entered sustaining support, effectively ending active development and new patch releases. The platform was replaced by Oracle Linux Virtualization Manager, which uses KVM and OVirt technologies. |
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. |
May 2 2024 | Oracle Database 23ai was released on Oracle Cloud Infrastructure (OCI), offering cloud services including OCI Exadata Database Service, OCI Exadata Database Cloud@Customer, and OCI Base Database Service. The release was renamed from 23c to 23ai to highlight its new AI capabilities. |
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. |
February 2024 | Oracle denied all claims made by Deno Land regarding the JavaScript trademark, rejecting allegations of trademark misuse. |
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 | Red Bull Racing team name changed to Oracle Red Bull Racing. |
2022 | The director of the Västra Götaland region sent a letter to Cerner alleging a breach of contract for the Millennium system deployment, highlighting numerous unaddressed system issues. |
2022 | Company workforce increased to 143,000 employees, with revenue growing to $42,440 million. |
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. |
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. |
May 2022 | Oracle Service was updated to embed data from the Oracle Unity Customer Data Platform, enhancing its data integration capabilities. |
2021 | Oracle released Oracle Dynamic Skills, a comprehensive tool suite designed to help companies manage employee skills and identify skill gaps. The tool includes three key components: Skills Nexus (AI-powered skills profile definition), Skills Advisor (skills recommendation engine), and Skills Center (employee skills and career growth portal). |
2021 | Oracle achieved a peak net income of $13,746 million, with stock price reaching $83.85 and employee count at 132,000. |
2021 | Oracle began sponsoring the Red Bull Racing Formula One team. |
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. |
September 2021 | Oracle announced Oracle Fusion Marketing, an AI-powered solution designed to automate B2B marketing campaign and lead generation processes. |
August 19 2021 | Announced Dr. David Feinberg will become President and CEO, effective October 1, 2021. |
May 2021 | Oracle released in-game measurement within Oracle Moat Measurement, allowing companies to measure ad effectiveness in 3D video games. Also updated its Subscription Management product. |
February 2021 | Oracle Service was updated with a new interface and data set, and added a digital customer service assistant. |
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 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. |
February 2020 | Sold parts of its healthcare IT business in Germany and Spain to CompuGroup Medical SE. |
2019 | Allegations emerged about an undeclared relationship and potential conflict of interest between Richard Ashby, chief information officer of eHealth Queensland, and a Cerner employee, leading to Ashby's resignation and referral to the Queensland Crime and Corruption Commission. |
2019 | Mark Hurd passes away after serving as CEO from 2014 to 2019. |
2019 | Announced partnership with Microsoft to compete with Amazon Web Services, connecting Oracle Cloud and Microsoft Azure. |
December 31 2019 | End of the period of FCPA violations by Oracle's international subsidiaries. |
We are only showing the most recent entries for this topic. |
This contents of the box above is based on material from the Wikipedia articles Oracle Database, Oracle Corporation, Oracle VM Server for x86, Oracle Cloud HCM, Oracle Health & Oracle Advertising and Customer Experience, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.