Oracle is a famous American multinational computer technology corporation. Its headquarters is in Redwood Shores, California, the USA. Oracle specializes in programming enterprise software, computer hardware, and services. These include branded database, cloud engineered systems, enterprise products, and services. Continue reading to find the estimated net worth of Oracle as of 2019.
In 1977, Larry Ellison, Bob Miner, and Ed Oates co-founded ‘Software Development Laboratories’ (SDL). Larry Ellison was inspired by the paper on relational database management systems (RDBMS) by Edgar F. Codd. Larry Ellison had read the article on ‘IBM System R database’ in the IBM Research Journal. Larry Ellison wished to make Oracle compatible with System R. But, he failed because IBM did not reveal their error codes.
The name of the Company was changed from SDL to ‘Relational Software Inc.’ (RSI) in 1979. This name was further modified to ‘Oracle Systems Corporation’ (1982) with Bob Miner as the senior programmer. On 12th March 1986, the Company made its first public offering. In 1995, the name was changed from Oracle Systems Corporation to Oracle Corporation. It was officially called Oracle but, there are some holdings of the Company as Oracle Corporation. Initially, Oracle Corporation had succeeded due to C programming language that was used in its products.
Oracle creates computer hardware products and services. These can be broadly divided into three business categories – Software and Cloud, Hardware Systems and Services.
The Software and Cloud business operates via New Software Licenses (Use of database, middleware and application software licenses. Oracle cloud-software-service and platform-service); Cloud Software Subscriptions and Cloud Infrastructure-As-A-Service (Deployment and management of software, hardware and related IT infrastructure); Software License Updates and Product Support (Right customers get to upgrade software products through patches during paid support term).
The Hardware Systems business operates via segments: Hardware Systems Products (Provide a wide variety of hardware systems and services for various purposes); Hardware Systems Support (Provides customers with software updates for Oracle Solaris, product repairs, maintenances, and technical support services)
Net Worth & Earnings:
Oracle is ranked no.97 in the list of Market Capital having the net worth of $195 Billion. Most of its income comes from selling branded computer products and services. These include its own database software, cloud engineered systems, enterprise products and services.
Oracle ranks in no.31 in the list of America’s Largest Public Companies. Oracle ranks no.74 in sales, no.66 in profit, no.51 in assets and no.25 in market value. Oracle ranks as no.107 int the list of Global 2000. Oracle has sales ranked as no. 241, profit as no.190, assets as no. 229, market value as no. 37 and no. 21 World’s most valuable brands.
According to FORBES, Oracle is positioned as no.97 in the list of the Best Employers for New Graduates. Also, Oracle is in position no.59 on the list of World’s Best Employers, and it is in position no. 27 as Canada’s Best Employers. Oracle has the reputation of ranking no. 78 as the most Just Companies in the world. At present, there are 138,000 employees. Oracle’s official website is http://www.oracle.com.