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Oracle News

18 May 2023

Oracle Lays Off Over 3,000 Employees From Health IT Arm Cerner: Report

Layoffs affected workers across teams, including marketing, engineering, accounting, legal, and product.

17 May 2023

Fourth Major Exit In 6 Months! Meta India Executive Manish Chopra Steps Down

Chopra announced his leaving on LinkedIn and added that he will be helping with the transition over the coming weeks.

10 Mar 2022

TikTok nears deal with Oracle to store its data: Report

President last year, but CFIUS has continued to harbor concerns over data security at TikTok. It is not clear whether CFIUS will find that TikTok`s partnership with Oracle will resolve the national security issues.

20 Sep 2020

TikTok confirms agreement with Oracle and Walmart

"We are pleased that the proposal by TikTok, Oracle, and Walmart will resolve the security concerns of the US Administration and settle questions around TikTok`s future in the US," a TikTok spokesperson said in a statement released on TikTok`s Communications Team Twitter page on Saturday. According to the release, both Oracle and Walmart will take part in a TikTok Global pre-IPO financing round in which they can take up to a 20 per cent cumulative stake in the company. "As part of this proposal, Oracle will become our trusted technology provider, responsible for hosting all US user data and securing associated computer systems to ensure US national security requirements are fully satisfied. We are currently working with Walmart on a commercial partnership as well," TikTok said in its statement.

20 Sep 2020

Donald Trump supports deal to allow TikTok to continue to operate in US

Trump said the new TikTok company will be totally controlled by Oracle and Walmart. Offering support to the deal Trump said that it would create 25,000 US jobs. He said there would be a $5 billion US education fund as part of the deal.

18 Aug 2020

Oracle joins bid for TikTok's US operations, say sources

The move would represent a strategic departure for Oracle, which caters mostly to corporate customers and generates the bulk of its sales from cloud offerings and software licensing. Oracle shares were trading up 3.4% on the news on Tuesday morning, giving the company a market capitalization of $171 billion.

19 Oct 2019

Oracle co-CEO Mark Hurd dies at 62

Mark Hurd joined Oracle as co-president in September 2010, a month after he was ousted in a controversial fashion from Hewlett-Packard Co, where he had been chief executive since 2005.

18 Sep 2019

Oracle, Microsoft expand Cloud ties to boost office productivity

The integration of Oracle Digital Assistant and Teams provides customers with a frictionless work environment to boost productivity and faster decision making.

11 May 2017

Will Java 9 release be delayed? Red Hat, IBM to cast explicit vote against JSR

Java Development Kit 9 had its planned release for July 27.

10 May 2017

Oracle to set up data centre in India soon

US tech giant Oracle on Wednesday said it will set up a data centre in India to expand its cloud services here over the next 6-9 months.

27 May 2016

Google triumphs over Oracle in copyright case

The jury upheld claims by Google and the decision was made in their favour in a long-running copyright fight over Android software used to run most of the world's smartphones.

15 Apr 2016

'Global AIM software revenue rises marginally to $23.9 billion'

Global application infrastructure and middleware (AIM) software revenue rose marginally to USD 23.9 billion in 2015 as a considerable jump in the dollar masked growth in the market, Gartner said on Friday

07 Apr 2016

Oracle to set up startup incubators in India

To mentor budding entrepreneurs and help the emerging companies access best technology, IT major Oracle today will set up nine startup incubators across the country

29 Mar 2016

Oracle seeks $9.3 billion in damages from Google

Global software and cloud major Oracle has sought $9.3 billion from search engine giant Google over software copyrights infringement, a media report said.

22 Jan 2016

Oracle lawyer says Google's Android generated $31 billion revenue

Oracle is accusing Google of using its Java software without paying for it to develop Android.

02 Dec 2015

Hurray for IITians, recruiters offer plum salary package on day one of placement

IITians have a reason to go jubilant as international recruiters have offered them handsome salary packages on day one of placement.

Indian Institute of Technology Madras

02 Dec 2015

IIT Madras placements begin; Rs 85 lakh average pay on Day 1

This year, Indian Institute of Technology-Madras has reduced the usual 15-day recruitment period to 10 days.

28 Oct 2015

Oracle's silicon-based microprocessor takes data security to new level

At a time when cyber attacks to steal key data are proving to be a real nightmare for nations and companies, global software and cloud major Oracle has launched the world's first silicon-based microprocessor that has taken data security to an entirely new level.

25 Oct 2015

Oracle US conference opens with ultimate cloud experience

Oracle's OpenWorld 2015 conference opened the door for an ultimate cloud experience.

29 Sep 2015

Oracle launches new cloud editions for integration

Global software major Oracle has announced two new additions to its cloud platform for integration -- a comprehensive set of integration services that enable users to quickly get on to on-premises and cloud-based applications.

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