Oracle ORCL recently announced that NTT DOCOMO DCMYY, the Japan-based Mobile operator, has adopted Oracle Cloud Infrastructure (OCI) to build a new development environment for All Around DOCOMO Information Systems (ALADIN). It is one of the largest customer information management systems in the world.

ALADIN’s developers will be able to construct modern applications in a more cost-effective and efficient manner, using OCI.

The integration of OCI will also provide DOCOMO access to highly available and more secure compute resources, as the company intends to expand to broader telecommunications, internet and smart life services.

Notably, DOCOMO also moved its on-premise Oracle Database for database training to Oracle Database Cloud Service on OCI.

Growing Demand for Cloud Offerings to Drive Top Line

Global cloud adoption continues to expand as business models transform and the demand for secure remote technology accelerates.

The company’s software-as-a-service (SaaS), infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) products are likely to grow strongly over the next few years as enterprises rapidly migrate to the cloud environment.

Oracle’s performance is also gaining from momentum across the cloud business, driven by strong uptake of OCI services and Autonomous Database offerings. The healthy adoption of cloud-based applications, comprising NetSuite Enterprise Resource Planning (ERP), Fusion ERP and Fusion Human Capital Management (HCM) bodes well in the long term.

The company is focused on upgrading and expanding its cloud solutions portfolio to keep up with the rising demand.

Last month, OCI announced the launch of new capabilities and services that are directed toward providing customers with more flexibility. OCI will expand with 11 new compute, networking and storage capabilities and services, which will enable customers to run their workloads more efficiently and securely at lower costs.

Oracle Corporation Price and Consensus

Earlier this year, Oracle Cloud was selected by Xerox XRX to support the launch of new businesses.

The move will enable Xerox to capitalize on Oracle’s expertise in cloud solutions to bring 3D Printing infrastructure to manufacturing, structural health monitoring and augmented reality to improve customer support.

With the help of Oracle Cloud and Oracle NetSuite, Xerox will be able to create a unified cloud platform and operate with agility and speed. The move will help Xerox launch new business models and process them on a single platform without additional integrations.

In the fiscal third quarter, consumption revenues for OCI services, including Autonomous Database, soared 93% at cc. Cloud customer consumption revenues increased 43% year over year.

The next-generation autonomous database launched by Oracle, supported by machine learning (ML), is also witnessing steady traction. New product introductions, including new OCI managed services, are likely to boost growth in the category. The autonomous database in Gen2 public cloud infrastructure is witnessing a healthy uptake.

Oracle is expanding its worldwide cloud region footprint to support its cloud services. The company unveiled a cloud region each in France (Marseilles), Singapore and the United Arab Emirates, taking the total number of cloud regions to 34. Oracle is planning to have 44 cloud regions by the end of 2022.

Zacks Rank and A Stock to Consider

Oracle currently carries a Zacks Rank #3 (Hold).

Oracle shares are down 5.6% in the year-to-date period compared with the Zacks Computer – Software industry’s plunge of 11.1% and the Computer and Technology sector’s fall of 10.8%.

A better-ranked stock in the Zacks Computer and Technology sector is Advanced Micro Devices AMD, sporting a Zacks Rank #1 (Strong Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

AMD shares are down 24.8% in the year-to-date period compared with the Zacks Electronics – Semiconductors industry’s plunge of 14.9% and the Computer and Technology sector’s fall of 10.8%.

Just Released: Zacks Top 10 Stocks for 2022

In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?

Last year’s 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys