Oracle Corporation (NYSE:ORCL) has been quite busy with its cloud based technologies. Recently, it added a number of new features to its Oracle Retail Cloud services. Most of these additions have come from its $5.3 billion acquisition of MICROS Systems Inc.
Oracle stated that there have been six new additions to its Oracle Retail Cloud services, which are targeted at day to day tasks of the retailers. The company has also stated that the upgrades are part of a growing portfolio of retail solutions provided by the company and can easily be subscribed to. The heads at Oracle believe that retailers are looking for better performance, agility and cost predictability in such solutions and the present cloud solutions are delivering just that.
Additionally, the company has been addressing to the time and cost constraints that limit the ability of the retailers to grow. The cloud services are also capable of allowing retailers to focus on their business and work on strategic projects side by side. The beauty of cloud based services is that the data is available in real time and helps in quick informed decision making.
Apart from the upgrades to its cloud based services, the company has also released a data integrator module. This enables the retailers to link data from a number of sources and formats. This move has opened a new door for retailers to move their data from existing database management systems to Oracle solutions. This has also been seen as a move to get rid of the need of coding knowledge to operate and query database systems.
That is not all that Oracle has got out of its MICROS acquisition. The company has also launched its new MICROS workstation 6 POS terminal. The new system aims to be more user-friendly.
Oracle Corporation (NYSE:ORCL) closed at $43.42, after gaining 0.23% on April 21. The company has 4.37 billion shares being traded in the market, with a 52 week range of $35.82-$46.71. The company is in great financial health and has also recently acquired a number of its competitors.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of USmarketsDaily.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: