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https://killexams.com/exam_list/OracleKillexams : Leaked Oracle organizational charts show the 30 people running its all-important cloud, tech teams after its big reorg
Leaked org charts show Oracle's cloud leaders after major organizational changes at the company.
Oracle earlier this week began layoffs that could affect thousands of employees globally.
The cuts came after Oracle quietly reorganized its cloud unit to focus on new core initiatives.
An internal Oracle organizational chart seen by Insider shows the 30 people running Oracle's all-important technical and cloud sides of the business after the company quietly reorganized them in June.
Oracle earlier this week began layoffs that could affect thousands of employees globally, primarily in its marketing, advertising, and customer experience units. But the Oracle Cloud Infrastructure has been virtually unaffected by layoffs, multiple employees told Insider. OCI is the cloud taking on Amazon Web Services, Microsoft Azure, and Google Cloud, and it's the business where Oracle's biggest hopes for growth are pinned.
Instead, Oracle reorganized OCI to focus on what it describes as "four pillars" — infrastructure, security and developer services, core platforms, and data and emerging services, an internal email seen by Insider said. Matt Ryanczak, a top executive who managed the operations and support organization, left the company after he was moved under Jae Evans, Oracle's chief information officer, another internal email showed.
But changes at the top of this unit have been going on for months. In March, Don Johnson, Oracle's cloud and AI leader, stepped down from the platform and AI-services organization that he formed about a year prior, leaving only the Oracle Cloud Infrastructure boss Clay Magouyrk in charge of the company's cloud unit. In an internal email at the time, Johnson said he would advise on healthcare initiatives.
It wasn't the first time Johnson had stepped back from a role leading OCI. In June 2020, Johnson told employees that he was stepping down from direct leadership of the cloud unit to pursue new projects within Oracle, tapping Magouyrk to replace him. Johnson returned in December 2020 to start the new cloud and artificial-intelligence organization that he described in an email to employees as "an extension of OCI, not a division of it."
Now, the org chart shows, Johnson has about 1,200 reports, including those leading healthcare, engineering, and artificial-intelligence teams.
Magouyrk, meanwhile, now leads all of OCI's 10,500 employees, the org chart shows. Greg Pavlik is leading the largest team within OCI, with about 3,500 reports. Magouyrk elevated Pavlik in the recent reorganization to become senior vice president of OCI, so he now runs a combined OCI Infrastructure and core-services org.
The below org chart focuses on the people running the technical and cloud side of Oracle's business, so it doesn't include CEO Safra Catz, who is generally considered to run the finance, sales, and marketing sides of the business. The chart features the people who report up to Larry Ellison, the chairman and chief technology officer; Johnson; and Magouyrk, as depicted on the company's internal org chart.
Do you work at Oracle or have insight to share? Contact the reporter Ashley Stewart via the encrypted messaging app Signal (+1-425-344-8242) or email (firstname.lastname@example.org).
Fri, 05 Aug 2022 03:17:00 -0500en-UStext/htmlhttps://www.businessinsider.com/leaked-oracle-org-charts-show-cloud-tech-leaders-after-reorg-2022-8Killexams : Complicated rivalry between Snowflake and Databricks spotlights key trends in enterprise computing
There have been legendary rivalries among tech companies over decades: Amazon versus Microsoft and Google in cloud, Salesforce versus Oracle and SAP, Twitch versus YouTube, Tesla versus the tech divisions of an entire automotive industry.
Now there’s a growing contest between enterprise heavyweights Snowflake Inc. and Databricks Inc. that promises to deliver its own fireworks. The companies are circling each other like prizefighters in a boxing ring over key technology areas such as open source, information technology infrastructure and artificial intelligence.
But like much in the technology world, this is a complicated saga and nothing is exactly as it seems.
“Snowflake started as an infrastructure play, and it is trying to move into the analytics processing space,” Yanev Suissa, founder and managing partner at SineWave Ventures, an early investor in Databricks, said in an interview with SiliconANGLE. “Databricks is seeking to do the reverse. They are clearly trying to get into each other’s swim lanes.”
The attention surrounding this burgeoning competition between the two data storage and analytics firms highlights the growing influence of superclouds, exemplified by companies like Snowflake and Databricks that provide an abstraction layer above and across hyperscale infrastructure. It is a rivalry that foreshadows a new wave of technology influencers as the two firms compete for control of the enterprise’s most important asset – data itself.
Data Cloud versus Lakehouse
Both companies have carved out a sizable market presence in cloud data warehousing, while going to great lengths to avoid using the label. Snowflake prefers to be known for its “Data Cloud,” and Databricks characterizes its melding of data warehouses and data lakes as the “lakehouse.”
“Databricks came in as a steward of Spark, and their approach is from a data science/data engineering world,” said Dave Vellante, industry analyst for SiliconANGLE. “Snowflake is trying to build a de facto standard. It’s like the Apple Mac mindset versus Windows. It’s a proprietary system that runs in the cloud.”
That proprietary emphasis has emerged as a point of friction. The two companies have traded barbs in accurate weeks over open source, with Snowflake pointing to its Apache Iceberg offering as a viable open-source table format. Databricks responded by noting that its Delta Lake solution was posted on GitHub as an open-source project with more than 200 contributors from 70 organizations.
Why is this important? Both companies operate in a high-stakes, rapidly evolving environment where innovation rules. As the open-source movement has shown, innovation takes a village, and being able to claim a diverse ecosystem of contributing developers can provide significant competitive advantage.
“There’s a lot of innovation around open source, you need a hand in open source to stay on that innovation curve,” Vellante noted. “Databricks is trying to challenge the conventional notion that open source can’t compete functionally with a proprietary system. They are doing a good job in that regard, but history suggests de facto standards will get to market sooner.”
Avoiding a benchmark war
To bolster its position against Snowflake, Databricks published TPC-DS benchmark data in November showing that its SQL platform outperformed its competitor. In a lengthy blog post posted soon after, Snowflake refuted the results.
When SiliconANGLE asked Snowflake co-founder and president of products Benoit Dageville about the Databricks comparison, he made clear that his company would not be dragged into a contest over competitive performance claims based on benchmarks.
“We’ve said from day one, we would never again participate in this really stupid benchmark war because it’s not in the interest of customers,” Dageville said. “TPC was really important at some point, and it is not really relevant now.”
Yet the comparisons provided by Databricks caught the attention of several noted industry analysts, including Sanjeev Mohan, principal at SanjMo and former Gartner Research vice president.
“The story that Databricks tells is actually very compelling in their benchmarks,” said Mohan, in an interview for this story. “It’s very hard to say which one has the better technology. The end goal is the same for both, but they come at it from two different angles.”
The different approaches by the two firms have also led to a noticeable split among some of the biggest players in the tech industry. Amazon Web Services Inc. employed Iceberg to develop the serverless interactive query service Amazon Athena. Google Cloud also chose to support Iceberg first for its own cloud lakehouse offering called BigLake.
However, tempting as it may be to paint the Snowflake/Databricks rivalry as a showdown between even larger tech powerhouses, the reality is that both companies are closely tied to the major cloud providers and this interdependence is unlikely to change in the near future.
“I think that’s more drama than reality,” said Suissa, who noted that both Databricks and Snowflake were built on top of the major clouds. Hyperscalers stand to gain significant revenue from this arrangement as the two competitors become more successful.
Despite the competition, both firms have found time to engage in mutual funding projects. Snowflake and Databricks jointly participated in the latest funding round for dbt Labs Inc., developer of a data transformation tool. The two companies have also recently backed data science startup Hex Technologies Inc.
Still, the battle appears unlikely to ease anytime soon as each company forges ahead on its respective path.
“Both companies are addressing their weaknesses and doubling down on their strengths,” Vellante said. “What Databricks did was address the functionality in data lakes to fix the data swamp. Snowflake is building an ecosystem and enabling that ecosystem to monetize inside their Data Cloud. They are building an AWS-like supercloud.”
Image: Pixabay Commons
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Tue, 09 Aug 2022 07:19:00 -0500en-UStext/htmlhttps://siliconangle.com/2022/08/08/complicated-rivalry-snowflake-databricks-spotlights-key-trends-enterprise-computing/Killexams : Oracle, Microsoft Announce GA of Oracle Database Service for Microsoft Azure
With this new offering, Microsoft Azure customers can easily provision, access, and monitor enterprise-grade Oracle Database services in Oracle Cloud Infrastructure (OCI) with a familiar experience. Users can migrate or build new applications on Azure and then connect to the high-performance, high-availability, managed Oracle Database services such as Autonomous Database running on OCI.
Offering Customers Choice with Azure and OCI Multicloud Capabilities
Over the last two decades, thousands of customers have relied on Microsoft and Oracle software working well together to run their business-critical applications. As customers migrate applications and data to the cloud, they continue to look for joint solutions from their trusted software partners. Since 2019, when Oracle and Microsoft partnered to deliver the Oracle Interconnect for Microsoft Azure, hundreds of organizations have used the secure and private interconnections in 11 global regions.
Microsoft and Oracle are extending this collaboration to further simplify the multicloud experience with the announcement of Oracle Database Service for Microsoft Azure. Many joint customers, including some of the world’s largest corporations such as AT&T, Marriott International, Veritas and SGS, want to choose the best services across cloud providers to optimize performance, scalability, and ability to accelerate their business modernization efforts. The Oracle Database Service for Azure builds upon the core capabilities of the Oracle Interconnect for Azure and enables any customer to more easily integrate workloads on Microsoft Azure with Oracle Database services on OCI. There are no charges for using the Oracle Database Service for Microsoft Azure, the Oracle Interconnect for Microsoft Azure or data egress or ingress when moving data between OCI and Azure. Customers will pay only for the other Azure or Oracle services they consume, such as Azure Synapse or Oracle Autonomous Database.
Familiar Experience for Azure Users Combined with an Oracle Managed Service
With the new Oracle Database Service for Microsoft Azure, in just a few clicks, users can connect their Azure subscriptions to their OCI tenancy. The service automatically configures everything required to link the two cloud environments and federates Azure Active Directory identities, making it easy for Azure customers to use the service. It also provides a familiar dashboard of your Oracle Database Services on OCI using Azure terminology and monitoring with Azure Application Insights.
Corey Sanders, corporate vice president, Microsoft Cloud for Industry and Global Expansion Microsoft and Oracle have a long history of working together to support the needs of our joint customers, and this partnership is an example of how we offer customer choice and flexibility as they digitally transform with cloud technology. Oracle’s decision to select Microsoft as its preferred partner deepens the relationship between our two companies and provides customers with the assurance of working with two industry leaders.
Clay Magouyrk, executive vice president, Oracle Cloud Infrastructure There’s a well-known myth that you can’t run real applications across two clouds. We can now dispel that myth as we provide Oracle and Microsoft customers the ability to easily test and demonstrate the value of combining Oracle databases with Azure applications. There is no need for deep skills on both of our platforms or complex configurations—anyone can use the Azure Portal to get the power of our two clouds together.
Mon, 08 Aug 2022 12:11:00 -0500entext/htmlhttps://www.thefastmode.com/technology-solutions/26759-oracle-microsoft-announce-ga-of-oracle-database-service-for-microsoft-azureKillexams : Oracle Harps on Transformational Technologies for Enterprises
The Managing Director, Oracle Nigeria, Mr. Adebayo Sanni, has said the joint forces of the Internet of Things (IoT), Artificial Intelligence (AI) and Blockchain represents an unprecedented opportunity for enterprises in the public as well as private sectors, if fully utilised.
Sanni, in a accurate statement, emphasised that every institution has the capability to exploit these emerging technologies, securing a competitive edge to radically streamline and enhance their existing processes. This, he added, would further enable the development of innovative products and services for an entirely new generation of consumers.
“While each of these technologies individually present exciting opportunities for enterprises, we think that the transformative impact of IoT, AI, and blockchain together – will be unprecedented. This is the first time in modern history that three transformational technologies have emerged in the same generation, and their whole effect is yet to emerge,” Sanni said. According to her, there are three major issues that the emerging technologies could help address in Lagos: Traffic Management, Waste Management and Land Related issues.
According to him, while IoT remained the sensing part of the transformational technology, AI is the part that thinks. AI has the potential to enable fast, intelligent decision-making, either in support of human intelligence, or in place of it.
Businesses can delegate mundane or complicated tasks to achieve a level of accuracy and efficiency beyond the capabilities of humans. Citing Nigeria as an example, Sanni said the potential to combine real-time data from IoT devices from intelligent trash bins with historical waste-level of each trash bin, could help waste management become smarter, especially for a city like Lagos that generates about 13,000 metric tonnes on a daily basis. The entire waste management system can become smarter overtime, learning from the data collected. A solution like this will help an organisation like Lagos Waste Management Authority to make better data-driven decisions for a cleaner Lagos.
He further said the application could be replicated to address traffic management, explaining that the current traffic lights can be IoT enabled to ensure an efficient flow of traffic. The roads can also have sensors and information about road conditions, combined with data coming from road users to provide drivers with real-time traffic information. With such a system, drivers can be alerted to take alternative roads in case of an accident.
According to him, the insights generated by Machine Learning, which actually drives these emerging technologies, will help businesses better understand their customer expectations, enabling automated and personalised engagements. It will help in the creation of new goods and services, designed to quickly and accurately meet the demands of modern consumers.
“Machine Learning powers customer service chatbots, provides marketing insights, identifies cybersecurity vulnerabilities, and enables personalised products and services, and much more. Undoubtedly, the impact of machine learning on the enterprise will be profound,” Sanni said.
Nigerian businesses and public sector need to understand how best to exploit the true value of machine learning in the real world. Businesses have no choice but to find a way to permeate their business models with machine learning, or else they will fall behind more-agile competitors. Machine learning is the present, and not the future, Sanni added.
Wed, 03 Aug 2022 11:59:00 -0500en-UStext/htmlhttps://www.thisdaylive.com/index.php/2019/05/16/oracle-harps-on-transformational-technologies-for-enterprises/Killexams : Reports: Oracle makes a round of layoffs in the USNo result found, try new keyword!The layoffs have mostly hit the customer experience group and are part of a planned exercise to cut around $1 billion in expenditures according to reports from The Information and Bloomberg.Mon, 01 Aug 2022 19:50:00 -0500entext/htmlhttps://www.computerworld.com/Killexams : National Marine Dredging Group selects Oracle cloud applications for business efficiencyNo result found, try new keyword!By utilising a wide range of applications for finance, supply chain, HR and customer service, NMDC will be able to simplify and integrate critical business processes ...Tue, 09 Aug 2022 01:05:42 -0500en-aetext/htmlhttps://www.msn.com/en-ae/money/news/national-marine-dredging-group-selects-oracle-cloud-applications-for-business-efficiency/ar-AA10tb1rKillexams : People.ai Partners with Oracle for the Launch of Oracle Fusion Sales
People.ai is joining Oracle Fusion Sales, enabling customers to drive revenue transformation.
“Oracle and People.ai share a vision for how revenue intelligence can help transform B2B selling and drive stronger revenue operations performance. We are excited to partner with People.ai to bring action-oriented cross-functional revenue insights across the entire B2B lifecycle to our mutual customers,” said Des Cahill, group vice president global product marketing, Oracle Customer Experience Cloud.
More specifically, through the combination of Oracle Fusion Sales and People.ai, customers can drive revenue transformation in three primary ways:
Increase sales productivity
Drive more and bigger deals, faster
Increase buyer satisfaction
“We are proud to be partnering with Oracle and excited to be included in the launch of Oracle Fusion Sales. People.ai’s proven solutions uniquely complement Oracle Fusion Sales’ capabilities and mission,” said Oleg Rogynskyy, CEO and founder at People.ai. “Our ability to automatically capture all sales activity and contacts and to provide AI-powered insights for accelerated pipeline generation, delivered in Oracle Fusion Sales, will deliver significant and rapid ROI to Oracle’s enterprise customers. Insights like account and contact engagement will help sellers focus their effort on engaging the right executives in the right accounts, at scale.”
Within Oracle Fusion Sales, People.ai offers automated data capture with the industry’s best matching, filtering, and contact enrichment. When used with Oracle Fusion Sales, sales professionals reap the benefits of automation and can spend more time driving revenue, according to the vendors.
People.ai insights assist in powering Oracle Fusion Sales with prescriptive and contextual seller actions, empowering sellers to become even more productive by helping them focus on the right accounts, at the right time, with the right actions.
Oracle’s vision for Revenue Intelligence is to provide action-driven insights across the B2B revenue waterfall. People.ai embeds revenue and engagement insights, with AI-driven recommendations and guidance.
Wed, 03 Aug 2022 01:22:00 -0500entext/htmlhttps://www.dbta.com/Editorial/News-Flashes/Peopleai-Partners-with-Oracle-for-the-Launch-of-Oracle-Fusion-Sales-154212.aspxKillexams : HeritageCrystal Clean and LendingClub have been highlighted as Zacks Bull and Bear of the Day
For Immediate Release
Chicago, IL – August 2, 2022 – Zacks Equity Research shares HeritageCrystal Clean (HCCI) as the Bull of the Day and LendingClub LC as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Netflix NFLX, Adobe ADBE, and Oracle ORCL.
Here is a synopsis of all five stocks:
Bull of the Day:
Sometimes, the dirty businesses make the cleanest money. That’s the case with today’s Bull of the Day that happens to be in the pollution business. Whether it’s oil or environmental services, this company has it covered. Analysts have caught wind of the profits as well, pushing up their earnings estimates for the stock.
I’m talking about Zacks Rank #1 (Strong Buy) HeritageCrystal Clean. Heritage-Crystal Clean, Inc., through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, hazardous and non-hazardous waste, and used oil collection services to small and mid-sized customers in the industrial and vehicle maintenance sectors in the United States and Canada. It operates through two segments, Environmental Services and Oil Business. The Environmental Services segment offers parts cleaning, containerized waste management, wastewater vacuum, antifreeze recycling, and field services. The Oil Business segment engages in the collection of used oil, the sale of recycled fuel oil, and used oil filter removal and disposal activities, as well as the re-refining of used oil into lubricant base oil and other products. The company also collects and disposes wastewater.
The company has been cleaning up in profits as well. Over the last ninety days, our Zacks Consensus Estimate for the current year is up from $1.99 to $2.33, while next year’s number is up from $2.06 to $2.09. A history of upside earnings surprises for this stock as well with last quarter’s 47-cent beat nearly doubling expectations calling for a 50-cent quarter. It was the latest in a line of earnings beats dating back eight consecutive quarters.
Bear of the Day:
The market is heating up here at the end of the summer. It’s bringing back confidence to some investors. Let’s just not get ahead of ourselves. Remember what wins in the long run. Stocks with the strongest earnings trends are likely to return the most over time. The reason is really quite simple, make money and you make money for investors.
Today’s Bear of the Day is a stock that has struggled to establish a strong earnings trend. I’m talking about Zacks Rank #5 (Strong Sell) LendingClub. LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services through a technology-driven platform in the United States. The company provides commercial and industrial, commercial real estate, small business, and equipment loans, as well as leases equipment; and unsecured personal and auto, patient finance, and education finance loans. It also operates an online lending marketplace platform that connects borrowers and investors.
The reason for the unfavorable Zacks Rank is the series of earnings estimate cuts coming from analysts. Over the last week alone, three analysts have cut their estimates for the current year and next year. The bearish sentiment has dropped our Zacks Consensus Estimate for the current year from $1.58 to $1.50 while next year’s number is off from $2.15 to $1.68.
3 Tech Stocks With Insider Buys in 2022
After a challenging start to 2022, a somewhat clearer economic outlook has lifted stocks as of late. Buyers have finally returned after seemingly being nowhere to be found.
However, they weren’t entirely gone.
Throughout the year, there have been several notable insider buys within several tech titans, including Netflix, Adobe, and Oracle.
Insider buys are widely followed by investors as they’re generally a good indicator of the company’s current health. After all, if an insider is selling, why would an investor want to buy?
Let’s take a closer look at each company's forecasted growth rates to get a clearer view of what enticed the insiders.
We’re all familiar with Netflix, the titan that has taken the digital streaming industry to the next level. Earlier in the year, an Officer purchased approximately 51,000 NFLX shares at a price of around $385 per share.
It’s undoubtedly been a rough stretch for Netflix shares in 2022, down more than 60%. A slowdown in subscriber growth has been a primary driving force behind the poor share performance. However, the company has chained together four consecutive bottom-line beats.
Netflix’s bottom-line is forecasted to decrease by nearly 11% in FY22, but growth is projected to pick back up in FY23, with the Zacks Consensus EPS Estimate of $10.06 reflecting a solid 9% uptick in earnings year-over-year.
The company’s top-line appears to be in much better shape - for FY22, NFLX is forecasted to generate $31.7 billion in revenue, a 6.6% increase when compared to FY21 sales of $29.7 billion. In addition, the top-line is projected to tack on an additional 7.3% in FY23.
Following the sell-off, Netflix shares trade at much more reasonable valuation levels. The company’s 22.4X forward earnings multiple is a fraction of its five-year median of 82.1X. Shares now trade at a 19% premium relative to the S&P 500.
Adobe is one of the biggest software companies in the world, generating the bulk of its revenue via licensing fees from its customers. In January, an Adobe Director purchased approximately 1,000 ADBE shares at a price of roughly $515 per share.
Software stocks have tumbled in 2022, and ADBE has been no exception – shares are down more than 25% year-to-date. However, the company has continued to report bottom-line results above expectations, exceeding the Zacks Consensus EPS Estimate in 14 consecutive quarters.
In addition, growth estimates for both the top and bottom-lines are rock-solid. For the current fiscal year (FY22), Adobe’s bottom-line is projected to register a solid 8.3% uptick year-over-year. And in FY23, earnings are forecasted to grow an additional 16%.
Adobe’s top-line is also in remarkable shape; annual revenue is forecasted to climb to $17.7 billion in FY22, a notable 12% uptick year-over-year. Even more impressive, the FY23 annual sales estimate of $20.1 billion reflects another double-digit increase in revenue of 14% year-over-year.
Adobe’s valuation levels are elevated but are low relative to where shares have traded in the past. Its 37.3X forward P/E ratio is nowhere near its five-year median of 45.6X and highs of 66.3X in 2020.
Shares trade at a 99% premium relative to the S&P 500.
Oracle is an American multinational computer technology corporation selling database software and technology, cloud-engineered systems, and enterprise software products. Around the beginning of February, a Director within Oracle purchased a whopping 15,000 shares at an approximate price tag of $83 per share.
Oracle shares have been stronger than the S&P 500 by a fair margin year-to-date, signaling that buyers have defended the stock at a much higher level than most. The company has been firing on all cylinders – Oracle has exceeded top and bottom-line estimates in seven of its eight previous quarterly reports.
Bottom-line projections allude to rock-solid growth. For the current fiscal year, the Zacks Consensus EPS Estimate resides at $5.21, reflecting a solid 6.3% year-over-year uptick. Furthermore, earnings are expected to grow an additional 9.3% in FY23.
Top-line projections are just as stellar – Oracle is forecasted to generate $49.7 billion in revenue in the current fiscal year (FY23), a 17% double-digit year-over-year increase. The growth doesn’t stop there, as the company’s top-line is forecasted to tack on an additional 5.2% in FY24.
Oracle shares trade at an enticing 6% discount relative to the S&P 500. The company’s forward earnings multiple of 17.6X is just above its five-year median of 16.6X but well below highs of 25.6X in 2021.
It’s seemed that buyers have entirely retreated in 2022 amid the vast sea of red. However, insiders are still buying, undoubtedly a positive.
Of course, it’s always a good sign to see an insider buy a stock. It’s generally a reflection of their views on the company, signaling that they believe the stock price will go up.
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Tue, 02 Aug 2022 00:39:00 -0500en-GBtext/htmlhttps://uk.movies.yahoo.com/heritagecrystal-clean-lendingclub-highlighted-zacks-123912145.htmlKillexams : C3.AI Stock Is A Bargain Enterprise Artificial Intelligence Game Changer
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Thu, 28 Jul 2022 22:30:00 -0500en-UStext/htmlhttps://www.investing.com/analysis/c3ai-stock-is-a-bargain-enterprise-artificial-intelligence-game-changer-200627799Killexams : Enterprise Mobility in Energy Market Intent Data Tools, 2022 To 2028 Standard Version of a Professional Market Research Report.
The MarketWatch News Department was not involved in the creation of this content.
Jul 27, 2022 (Reportmines via Comtex) -- Pre and Post Covid is covered and Report Customization is available.
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