Oracle Corporation (Oracle) is an American multinational computer technology corporation headquartered in Redwood Shores, California. The company was founded in June 1977 by Larry Ellison, Bob Miner, and Ed Oates. Oracle sells database software and technology, cloud engineered systems, and enterprise software products.
Oracle Corporation provides products and services that are aimed at addressing all aspects of enterprise information technology (IT) environments including applications and infrastructure, which are delivered through a variety of flexible and interoperable IT deployment models, including cloud-based, Cloud at Customer (an instance of Oracle Cloud in the customer’s own data center), on premise or hybrid. Oracle Cloud Software-as-a-Service and Infrastructure-as-a-Service (SaaS and IaaS, respectively, and collectively, Oracle Cloud Services) offerings provide integrated stack of applications and infrastructure services delivered via a cloud-based deployment model.
The name Oracle was arrived at through several iterations. The company originally started as Software Development Laboratories (1977) then changed its name to Relational Software, Inc (1979), then to Oracle Systems Corporation (1983) - to align the company's name with its flagship product Oracle Database. The name Oracle Corporation was incorporated in 2005 as a Delaware corporation and is the successor to operations originally begun in June 1977.
Oracle Corporation is listed on the New York Stock Exchange (NYSE) under the code ORCL.
Cloud and license - Oracle's cloud and license business engages in the sale, marketing and delivery of the company's applications and infrastructure technologies through cloud and on-premise deployment models including Oracle's cloud services and license support offerings; and the company's cloud license and on-premise license offerings. For the year end 31 May 2019, the cloud and license segment accounted for 82.43% (USD 32,582 million) of total revenue.
Hardware - Oracle's hardware business provides Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware-related software to support IT environments. For the year end 31 May 2019, the hardware segment accounted for 9.37% (USD 3,704 million) of total revenue.
Services - Oracle's services business provides services to customers and partners to help maximize the performance of their investments in Oracle applications and infrastructure technologies. For the year end 31 May 2019, the services segment accounted for 8.20% (USD 3,240 million) of total revenue.
Note: Cloud and license revenues presented for management reporting included revenues related to cloud and license obligations that would have otherwise been recorded by the acquired businesses as independent entities but were not recognized in Oracle's consolidated statements of operations for the periods presented due to business combination accounting requirements.
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