Latest news with #OracleCloud
Yahoo
22-05-2025
- Business
- Yahoo
Oracle and Red Hat Expand Partnership to Boost Hybrid Cloud and AI Capabilities
On May 20, Oracle Corporation (NYSE:ORCL) and Red Hat announced an expanded collaboration to accelerate hybrid cloud adoption and enhance AI integration. This partnership will provide a more consistent, cloud-native foundation for next-gen workloads, such as AI, by extending Red Hat Enterprise Linux and Red Hat OpenShift support to more deployment options on Oracle Cloud Infrastructure/OCI. A team of IT professionals meticulously crafting a large-scale enterprise performance management system. These deployment options now include government, sovereign, and distributed cloud services, as well as OCI Roving Edge Infrastructure, Oracle Compute Cloud@Customer, and Oracle Private Cloud Appliance. The expanded collaboration also includes the certification of Red Hat OpenShift AI on OCI, specifically validated on OCI's NVIDIA A100 and H100 GPU shapes, which enables high-performance model training and inference for demanding AI/ML workloads. Oracle is also actively validating key applications, such as Oracle WebLogic Server and the Oracle Cloud Scale Monetization portfolio, to run seamlessly on Red Hat OpenShift containers. The collaboration ensures continued certification of Oracle Database, including Oracle Real Application Clusters/RAC, on Red Hat Enterprise Linux, with new validation efforts for Red Hat OpenShift Virtualization to support Oracle Database partnership is expected to positively impact Oracle Corporation's (NYSE:ORCL) future revenue and earnings forecasts by strengthening its position in the cloud services sector, attracting new clients, and expanding its cloud market share. While we acknowledge the potential of ORCL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ORCL and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
Crexendo Inc (CXDO) Q1 2025 Earnings Call Highlights: Strong Revenue Growth Amid Competitive ...
Release Date: May 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Crexendo Inc (NASDAQ:CXDO) reported a 12% year-over-year increase in total revenue, reaching $16.1 million. The software solutions revenue grew by 33%, with gross margins in this segment increasing by 500 basis points to 78%. The company achieved GAAP profitability for the seventh consecutive quarter, with a net income of $1.2 million. Crexendo Inc (NASDAQ:CXDO) surpassed 6 million users on its software solutions platform, indicating strong demand. The company is strategically investing in innovation and infrastructure, including a migration to Oracle Cloud Infrastructure, expected to drive cost savings and margin expansion. Product revenue declined by 22% to $1.1 million compared to the previous year. Service revenue gross margin decreased by 3% quarter over quarter to 57%. The telecom market remains highly competitive, with some competitors engaging in unsustainable pricing practices. Operating expenses increased by 8% to $14.9 million, impacting overall profitability. There is uncertainty in the market due to macroeconomic factors, although Crexendo Inc (NASDAQ:CXDO) has not yet seen a measurable weakening in demand. Warning! GuruFocus has detected 5 Warning Signs with CXDO. Q: Jeff, you mentioned sustainable double-digit growth. Is this guidance relevant for the entire year 2025 or specifically for Q2? A: Jeff Korn, CEO: The guidance is for year-over-year growth. While there can be quarterly variances, we are confident in achieving a minimum of 10% year-over-year growth. Q: Are there any changes in competitor behavior regarding aggressive pricing and incentives? A: Jeff Korn, CEO: The behavior remains similar to 2024. We believe these practices are unsustainable, and we continue to focus on profitable growth by delivering superior service and customer experience. Q: Can you provide more details on the impressive software gross margin improvement and its sustainability? A: Ron Vincent, CFO: The margin improvement is driven by increased revenue in the software solutions division. While we had a great quarter, we target a 73-75% range for the full year. Q: How is the acquisition of Metaswitch by Allianza affecting the market, and what are you seeing in terms of competition? A: Jeff Korn, CEO: We haven't seen significant changes yet. Our differentiated model and service level continue to attract interest, and we are confident in winning more business due to our superior product and flexibility. Q: Can you provide an update on the EVP app ecosystem and its integration progress? A: Anan Bosch, CSO: We are onboarding 10 to 12 partners regularly, with a recent increase in interest for AI and customer service applications. The ecosystem is growing, and we are seeing significant interest in these areas. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
09-05-2025
- Business
- Yahoo
Crexendo Inc (CXDO) Q1 2025 Earnings Call Highlights: Strong Revenue Growth Amid Competitive ...
Release Date: May 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Crexendo Inc (NASDAQ:CXDO) reported a 12% year-over-year increase in total revenue, reaching $16.1 million. The software solutions revenue grew by 33%, with gross margins in this segment increasing by 500 basis points to 78%. The company achieved GAAP profitability for the seventh consecutive quarter, with a net income of $1.2 million. Crexendo Inc (NASDAQ:CXDO) surpassed 6 million users on its software solutions platform, indicating strong demand. The company is strategically investing in innovation and infrastructure, including a migration to Oracle Cloud Infrastructure, expected to drive cost savings and margin expansion. Product revenue declined by 22% to $1.1 million compared to the previous year. Service revenue gross margin decreased by 3% quarter over quarter to 57%. The telecom market remains highly competitive, with some competitors engaging in unsustainable pricing practices. Operating expenses increased by 8% to $14.9 million, impacting overall profitability. There is uncertainty in the market due to macroeconomic factors, although Crexendo Inc (NASDAQ:CXDO) has not yet seen a measurable weakening in demand. Warning! GuruFocus has detected 5 Warning Signs with CXDO. Q: Jeff, you mentioned sustainable double-digit growth. Is this guidance relevant for the entire year 2025 or specifically for Q2? A: Jeff Korn, CEO: The guidance is for year-over-year growth. While there can be quarterly variances, we are confident in achieving a minimum of 10% year-over-year growth. Q: Are there any changes in competitor behavior regarding aggressive pricing and incentives? A: Jeff Korn, CEO: The behavior remains similar to 2024. We believe these practices are unsustainable, and we continue to focus on profitable growth by delivering superior service and customer experience. Q: Can you provide more details on the impressive software gross margin improvement and its sustainability? A: Ron Vincent, CFO: The margin improvement is driven by increased revenue in the software solutions division. While we had a great quarter, we target a 73-75% range for the full year. Q: How is the acquisition of Metaswitch by Allianza affecting the market, and what are you seeing in terms of competition? A: Jeff Korn, CEO: We haven't seen significant changes yet. Our differentiated model and service level continue to attract interest, and we are confident in winning more business due to our superior product and flexibility. Q: Can you provide an update on the EVP app ecosystem and its integration progress? A: Anan Bosch, CSO: We are onboarding 10 to 12 partners regularly, with a recent increase in interest for AI and customer service applications. The ecosystem is growing, and we are seeing significant interest in these areas. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
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Business Standard
08-05-2025
- Business
- Business Standard
Mastek shares gain 6% on strategic deal with Zulekha Healthcare; details
Mastek share price today: Shares of digital engineering and cloud transformation services provider Mastek were buzzing in trade on Thursday, May 8, 2025. The company's share price soared 6.14 per cent to ₹2,223 during intra-day trade on Thursday. The upward movement in the company's share price came following its announcement of a strategic collaboration with Zulekha Healthcare Group, a UAE-based healthcare services provider. Mastek, in a release, said that it will deploy an extensive Oracle Fusion Cloud suite, which closely integrates with the Oracle Health (Cerner) system. "This transformation aligns with Zulekha's vision of delivering 'Patient First' healthcare while enhancing clinical workflows, operational efficiency, and fiscal agility," Mastek said in the release. "As a leading Oracle Cloud partner with 1,500+ implementations across 40+ countries, 100+ industry-specific solutions, and a talent pool of 2,000+ skilled consultants, Mastek will implement a unified Oracle Fusion Cloud solution fully integrated with Zulekha Healthcare Group's Hospital Information System (HIS) and Revenue Cycle Management (RCM)." 'Leveraging Mastek's close working relationship with Oracle and deep healthcare domain expertise, we empower organisations like Zulekha Healthcare Group to achieve smarter, faster, and more patient-centric operations. We are committed to supporting their transformation journey and are excited to drive innovation and deliver measurable outcomes together,' said Surya Nunna, Executive Vice President, AMEA, Mastek. About Mastek Mastek is a global provider of enterprise AI, digital, and cloud services, enabling its clients to achieve measurable and sustainable returns on their technology investments. The company partners with industry leaders such as Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks, serving key sectors such as Public Sector, Healthcare, Retail, Manufacturing, Higher Education, and Financial Services. Mastek is a solutions-focused and relationship-centric company that values both employees and clients. As of May 8, the company boasts a market capitalisation of ₹6,770.89 crore on the NSE. Mastek share price history The shares of the Computers - Software & Consulting company have exhibited a mixed performance over the past year. Mastek's share price has advanced nearly 11 per cent in the last month, while it has declined 25 per cent in the last six months and 13 per cent in the last year. For the year-to-date, Mastek's share price has posted a decline of nearly 27 percent. In contrast, the benchmark Nifty50 has advanced nearly 2.5 per cent this year. At around 1:50 PM on Thursday, Mastek's shares were quoted at approximately ₹2,171.90, up 3.70 per cent from its previous close of ₹2,094.40 on the NSE.
Business Upturn
08-05-2025
- Business
- Business Upturn
Mastek collaborates with Zulekha Healthcare Group to implement Oracle Fusion Cloud suite
By Aman Shukla Published on May 8, 2025, 12:57 IST Mastek, a provider of digital engineering and cloud transformation services, has announced a strategic collaboration with Zulekha Healthcare Group, a healthcare provider based in the United Arab Emirates. The partnership involves the implementation of the Oracle Fusion Cloud suite, integrated with the Oracle Health (Cerner) system. The objective of this collaboration is to support Zulekha Healthcare Group's operational goals, including improvements in clinical workflows, financial management, inventory control, and compliance. The digital transformation aims to reduce manual processes and enhance data-driven decision-making across the organization. Zulekha Healthcare Group operates a network of medical facilities in the UAE, including two hospitals with a combined capacity of 285 beds. The Group employs more than 2,500 staff, including over 300 physicians and 600+ nursing and paramedical personnel. It also operates a smart medical fitness center that offers services such as medical assessments for visas, vaccinations, occupational health certification, and embassy-related medical documentation. Mastek will deploy a unified Oracle Fusion Cloud solution that will integrate with Zulekha's existing Hospital Information System (HIS) and Revenue Cycle Management (RCM) infrastructure. The deployment is intended to improve interoperability and system efficiency while aligning with industry standards. Mastek has previously completed more than 1,500 Oracle Cloud implementations across 40+ countries and offers over 100 industry-specific solutions. The company's healthcare sector experience and Oracle Cloud expertise were cited as key reasons for its selection as a digital transformation partner for this project. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
