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Oracle: A Tech Giant's Enduring Legacy Oracle Corporation, a multinational computer technology behemoth, traces its origins to 1977 Santa Clara, California. Co-founded by Larry Ellison, who continues as executive chairman, the company has solidified its position as a global leader in software and cloud computing. Holding the third-largest position in the world by revenue and market capitalization in 2020, Oracle's influence remains substantial. Its 2023 ranking at 80th in the Forbes Global 2000 underscores its continued relevance within the competitive tech landscape. The company's core strength lies in its database software, notably Oracle Database, a cornerstone of its offerings. Beyond databases, Oracle provides a comprehensive suite of enterprise software applications. This includes essential tools for enterprise resource planning (ERP), human capital management (HCM), customer relationship management (CRM), enterprise performance management (EPM), Customer Experience Commerce (CX Commerce), and supply chain management (SCM). These solutions cater to diverse business needs, impacting operations across numerous sectors globally. From its California roots to its current Austin, Texas headquarters, Oracle's trajectory demonstrates sustained growth and adaptation within the rapidly evolving technology industry.

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Company type Public
Industry Enterprise software, Business software, Cloud computing, Computer hardware, Consulting
Founded June 16, 1977
Founders Larry Ellison, Bob Miner, Ed Oates
Headquarters Austin, Texas, United States
Area served Worldwide
Key people Larry Ellison (executive chairman &amp
Revenue US$52.96 billion (2024)
Net income US$10.47 billion (2024)
Subsidiaries List of Oracle subsidiaries
Website www.oracle.com

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Oracle history

Last Updated : 25/03/25, 11:26 AM

Oracle: A Technological Journey Founded in 1977 by Larry Ellison, Bob Miner, and Ed Oates as Software Development Laboratories (SDL), Oracle quickly established itself as a leader in relational database management systems (RDBMS). Inspired by Edgar F. Codd's seminal paper, the company initially aimed for compatibility with IBM's System R, a goal hampered by IBM's secrecy. Renamed Relational Software, Inc. (RSI) and later Oracle Systems Corporation, the company's growth trajectory accelerated, culminating in a successful initial public offering in 1986. Its headquarters shifted from Santa Clara to Redwood Shores in 1989, before ultimately becoming Oracle Corporation in 1995. Strategic acquisitions and technological advancements characterized Oracle's evolution. A notable shift occurred in 2013 when it transferred its stock listing from Nasdaq to the New York Stock Exchange, marking the largest US market transfer at the time. The company's response to cloud computing competition involved strategic partnerships, such as its 2019 alliance with Microsoft. Recent years have witnessed Oracle's expansion into new markets and technologies. The acquisition of Cerner in 2022 for US$28.3 billion significantly broadened its reach into healthcare information technology. Further acquisitions include Federos for AI and automation capabilities. Subsequent investments in Saudi Arabia and Spain demonstrate Oracle's global expansion strategy, focusing on data center development and bolstering AI and cloud computing infrastructure. Most recently, Oracle's participation in the Stargate initiative underscores its significant commitment to artificial intelligence infrastructure in the US. The company's continuous relocation of its headquarters reflects its ongoing strategic adaptation and growth.