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Oracle touts AI as major driver of Q3 gains

CIO Business Intelligence

The report for Q3 of fiscal 2024, released yesterday, said that Oracle had signed multiple large-scale cloud infrastructure contracts in the previous three months, with no end in sight, as CEO Safra Catz touted the company’s bright prospects in cloud. “We Enterprise Applications, Oracle, Technology Industry

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Tech Moves: Lighter Capital names new CEO; Amazon exec joins Uber as CTO; and more

GeekWire

The company now has 25 employees and plans to hire. “One silver lining of COVID is that companies, including Lighter, have realized that geography and working together in an office every day isn’t necessary to serve our customers,” Widner said. He was an executive at PeopleSoft, which was acquired by Oracle in 2005.

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New CIO appointments in India, 2022

CIO Business Intelligence

He has assisted the top management in planning IT strategies and leveraging technologies for rationalizing manpower, enhancing organizational productivity, and improving the efficiency of operations. Amit Goel joins Blox as CTO. Real estate buying platform Blox has appointed Amit Goel as its chief technology officer, based in Mumbai.

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Oracle’s Larry Ellison looks to one-up Amazon, offering full cloud inside customer data centers

GeekWire

Oracle founder CTO Larry Ellison. Oracle photo). Oracle unveiled a new service that promises to make all of its public cloud services available as a fully managed cloud region in its customers’ data centers, developed by an Oracle team based largely in the company’s Seattle engineering office.

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Oracle to boost cloud investments after a strong quarter

CIO Business Intelligence

The demand for cloud infrastructure combined with the rise in sales of SaaS services boosted Oracle’s fourth quarter revenue for fiscal year 2022, but the acquisition of healthcare tech company Cerner has chalked up a debt of $15.8 Riding on the tailwinds of its previous quarter , Oracle reported total revenue of $11.8

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Tech Moves: Microsoft vet named CEO at EnterpriseDB; Adaptive CCO departs; Temporal hires ex-Hashicorp EVP

GeekWire

(Temporal Photo) — Temporal, a Seattle-based developer productivity startup, hired Preeti Somal as senior vice president of engineering. She also held vice president roles at Yahoo, VMWare, and Oracle. “Preeti is an exceptionally talented engineering leader,” Temporal CTO and co-founder Samar Abbas said in a statement.

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Many CIOs are better equipped to combat rising IT costs. Are you?

CIO Business Intelligence

But strategically important digital transformations should be protected “because they set you up over time and create more flexibility and adaptability,” says Andrew Blau, MD and US leader, eminence and insights, at Deloitte Consulting. They ended up bringing most of those people back, at consulting rates, for six months.”