AUSTIN, Texas - Oracle has officially certified Palantir Technologies (NYSE:PLTR) Inc.'s Foundry Platform and Artificial Intelligence Platform (AIP) on Oracle Cloud Infrastructure (OCI), as announced today. This certification marks the general availability of Palantir's platforms across Oracle's distributed cloud services, enhancing the AI capabilities for businesses and governments globally.
Palantir's Foundry and AIP, which are designed to facilitate decision-making and AI applications, will now benefit from OCI's distributed cloud infrastructure. The collaboration aims to meet the growing demands for regulatory compliance, performance, and security in AI deployments. With this move, customers are expected to effectively scale their AI operations while adhering to sovereignty and security requirements.
The integration of Palantir's platforms on OCI is fully supported and extends across various OCI cloud solutions. These include public cloud regions, dedicated regions such as Oracle Alloy and Oracle EU Sovereign Cloud, specialized offerings like Oracle Government Cloud and Oracle Roving Edge, and secure environments for defense and intelligence customers.
Oracle positions itself as the only hyperscaler to offer AI and a complete range of over 100 cloud services in dedicated, public, and hybrid cloud setups worldwide. OCI's sovereign cloud services are tailored to satisfy stringent regulatory and security standards, providing full cloud and AI benefits.
Both Oracle and Palantir emphasize the efficiency, performance, and security that their combined infrastructure and platforms offer to customers. This partnership is expected to empower organizations to leverage their data to its fullest potential while maintaining compliance with their specific industry standards.
In other recent news, Oracle Corporation (NYSE:ORCL) has announced the general availability of HeatWave GenAI, a feature designed to simplify the development process for generative AI applications. This feature is now available across all Oracle Cloud regions.
Oracle's HeatWave GenAI claims significant performance advantages over competitors based on third-party benchmarks. The tech giant has also committed to investing over $1 billion in Spain's tech growth over the next decade, focusing on expanding its AI and cloud computing services. This investment will support the establishment of a new cloud region in Spain.
Several analyst firms have taken note of Oracle's recent financial performance. BMO Capital Markets maintained its Market Perform rating on Oracle's shares but increased the price target to $160, reflecting Oracle's strong performance in cloud infrastructure bookings.
Mizuho raised its price target to $170, following a significant uptick in Oracle's AI bookings. Deutsche Bank also raised its shares target to $165, aligning with its updated financial model that includes Oracle's fourth-quarter results and guidance.
Oracle's partnerships with OpenAI and Google (NASDAQ:GOOGL) Cloud are expected to extend its cloud infrastructure offerings to a broader customer base.
InvestingPro Insights
Oracle Corporation (NYSE:ORCL) has been making strategic moves to strengthen its position in the cloud and AI sectors, as evidenced by its recent certification of Palantir Technologies Inc .'s platforms on Oracle Cloud Infrastructure. To better understand Oracle's financial health and market position, let's delve into some key metrics and InvestingPro Tips.
InvestingPro Data shows Oracle's market capitalization stands at a robust $399.68 billion. This reflects the company's significant presence in the technology industry, particularly within the software sector, where it's considered a prominent player. With a P/E ratio of 37.92 and an adjusted P/E ratio for the last twelve months as of Q4 2024 at 36.0, Oracle trades at a high earnings multiple, indicating investors' high expectations for future earnings growth.
Moreover, Oracle's revenue for the last twelve months as of Q4 2024 reached $52.96 billion, with a growth of 6.02% during the period. This steady growth trajectory is a testament to Oracle's ability to expand its services and adapt to the evolving needs of the market, particularly in cloud computing and AI technologies.
From the InvestingPro Tips, two notable points stand out. Firstly, Oracle has raised its dividend for 10 consecutive years, demonstrating a commitment to returning value to shareholders. Secondly, 13 analysts have revised their earnings upwards for the upcoming period, suggesting a positive outlook for the company's financial performance.
For readers interested in a deeper analysis and additional insights, InvestingPro offers more tips on Oracle's financials and market performance. Currently, there are 19 more tips available, which can be accessed by visiting https://www.investing.com/pro/ORCL. Remember to use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription, unlocking further valuable insights for informed investment decisions.
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