Oracle Corporation is an American multinational computer technology company that provides products and services that address enterprise information technology needs.
The corporation was founded by Larry Ellison, Bob Miner, and Ed Oates on June 16, 1977, in Santa Clara, California, United States. Oracle went public on March 12, 1986, and it trades on the New York Stock Exchange under the ticker ORCL.
Oracle supplies software for enterprise information management. The Company also offers databases and relational servers, application development and decision support tools, and enterprise business applications.
Software provided by the company runs on network computers, personal digital assistants, set-top devices, PCs, workstations, minicomputers, mainframes, and parallel computers.
Oracle runs its operations through segments including Cloud and License, Hardware, and Services. The Cloud and License segment deals with the selling and delivery of applications, platforms, and infrastructure technologies.
The Hardware segment offers hardware products and hardware-related software products including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, and management.
Lastly, the services segment deals with consulting, advanced support, and education services.
Oracle main competitors
- DXC Technology
- Veeva Systems
Key Oracle milestones
On September 13, 2020, Oracle acquired a trade deal with the social network platform TikTok, owned by ByteDance. This was after then-President Donald Trump issued an executive order stating that TikTok must be sold to a U.S. company by September 15, 2020.
In 2018, Oracle ranked 82 in the Fortune 500 list of the largest United States corporations by total revenue.
On July 28, 2016, Oracle bought NetSuite, the first cloud company worth $9.3 billion, in a deal.
Oracle Frequently Asked Questions
Does Oracle pay dividends?
Oracle pays dividends four times a year excluding specials. The company’s dividends are usually covered in profits and cash flow.
Has Oracle split its stock?
Since going public, Oracle has split its stock nine times. The first split occurred in March 1987 on a two-for-one stock split basis.
How can investors buy Oracle shares?
Oracle common stock can be purchased in the open market through a registered broker. Oracle does not buy or sell stock directly.