Stock Track | Oracle Soars 5% as Google Cloud Partnership Boosts Cloud Expansion

Stock Track
01-30

Oracle Corporation (ORCL) witnessed a surge of 5.05% in its stock price on Thursday, January 30, 2025, driven by the company's strategic partnership with Google Cloud to expand its cloud infrastructure and introduce new capabilities for Oracle Database@Google Cloud.

In a significant move, Oracle and Google Cloud announced plans to add eight new regions across the globe, including the U.S., North America, Asia, and South America, over the next 12 months. This expansion aims to meet the growing customer demand for Oracle's cloud services and cater to the increasing adoption of cloud technologies.

Furthermore, the partnership will introduce powerful new capabilities for Oracle Database@Google Cloud, enabling customers to fortify database instances, optimize costs, and achieve greater flexibility and resiliency. Notably, the new cross-region disaster recovery support for Oracle Autonomous Database Serverless will allow data replication to other Google Cloud regions, enhancing workload resilience and addressing compliance requirements.

As part of the collaboration, customers will also benefit from the ability to purchase Oracle Database services using their existing Google Cloud commitments, leveraging existing Oracle license benefits such as Bring Your Own License (BYOL) and Oracle Support Rewards. This streamlined purchasing process is expected to further drive adoption and facilitate cloud migrations.

The announcement underscores Oracle's commitment to expanding its cloud footprint and delivering innovative solutions to meet the evolving needs of its customers. By partnering with Google Cloud, Oracle aims to leverage the latter's global infrastructure and advanced technologies, enabling seamless integration and enhanced capabilities for its cloud offerings.

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