Dallas, Texas 04/25/2014 (FINANCIALSTRENDS) – Oracle Corporation (NYSE:ORCL) it cannot be denied, has, especially in the past two quarters driving hard on its cloud-based services.
Oracle Corporation (NYSE:ORCL) which owns and delivers some of the most comprehensive database solutions for enterprises and very large scale operators has been slowly yet aggressively begun to ply its cloud-assisted backend solutions.
A bouquet of services backed by the best in line channel partners has been successful in building frontline virtual, managed services which are expected to set new lines of services delivery in the near future.
Oracle Corporation (NYSE:ORCL) has latched on to the managed-services features which are native to virtual or cloud-based services to provide an entire ecosystem, which will lead companies to transit in massive-sizes to cloud-based database as well as back end operations.
Oracle Corporation (NYSE:ORCL) intent and powering the cloud database revolution and the big data edge factor was evident in the spate of acquisitions it has been making in the past quarter.
Oracle Corporation (NYSE:ORCL) has since taken over companies which provide services located at different ends of the cloud technology spectrum.
Oracle Corporation (NYSE:ORCL) has moved quickly to integrate and offer these services as part of its overall single platform database management, CRM and other operational segment software it develops for blue-chip and Very large scale enterprises.
Oracle Corporation (NYSE:ORCL) currently holds a market capital of $177.24 billion. Additionally, the company has also been demonstrating Profit to Earnings ratio of 15.63. EPS for the stock is 2.39. Outstanding shares for the stock are 4.46 billion. Beta is 1.24.
With the release of the latest version of database 3.0 – NoSQL, Oracle hopes to make a quick turnaround, notching up high sales as well as substantial updates on the overall services provided. As version updates bring in higher efficiency with staggered progress towards cloud-based services, it has to be observed if Oracle will make the progress, it has set for itsel!