Oracle (NYSE: ORCL) recently reported its second quarter results that were in line with the market's expectations. The company is focusing on making its products more focused on developers to improve its product adoption. Oracle's Financials Revenue for the third quarter grew 21% to $12.4 billion, in line with analyst estimates. Net income was $1.9 billion or $0.68 per share. Adjusted EPS was $1.22. The market was looking for an EPS of $1.20. Cloud services and license support revenues grew 20% to $8.9 billion. Cloud license and on-premise license revenues grew 4% to $1.3 billion. Hardware revenues grew 2% to $811 million. Services revenues grew 74% to $1.376 billion. Oracle's Growth Focus Recently, Oracle announced the developer release for Oracle Database 23c. The release is available for download as a Docker Image, VirtualBox VM, or Linux RPM installation file and will not require a user account or login. The Database 23c Free Developer Release includes JSON Relationa
Oracle’s change in strategy to release a developer-first version of its new database is linked to the company’s plans to defend its market dominance and look at innovative ways to acquire new customers, analysts said.
Oracle’s change in strategy to release a developer-first version of its new database is linked to the company’s plans to defend its market dominance and look at innovative ways to acquire new customers, analysts said.