Tech giant Oracle (ORCL) had a major advance to roll out today thanks to its new Exadata release. The new Exadata X11M is a downright powerhouse, particularly when compared to its predecessor, the X10M. Yet these gains did not sit well with investors, who sent shares down nearly 2% in Tuesday afternoon’s trading.
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Word from Silicon Angle described the new Exadata’s performance, particularly against its predecessor, and the results were staggering. The new version features 55% improvement in vector searches used in training artificial intelligence (AI) models, which is a major advance, given the rising value of training AI models these days.
Moreover, the report noted, analytics scanning throughput is 2.2 times as fast as it was under the X10M, and transaction processing is up 25% as well. Given that the X10M was introduced only a year and a half ago, the end result is a substantial gain that should be bringing plenty of user attention Oracle’s way. Perhaps best of all, the X11M can be not only used on-premises, but can also be used through cloud services and even used in local deployments as a managed service through Oracle itself, the report noted.
New Arrival in the Marketplace
But Oracle is not just adding on to the Exadata line, noted a report from Hospitality Net. It also brought in a new tool to the Oracle Cloud Marketplace that should also prove a winner: the CORE Middleware and Customer Data Platform from Ireckonu. Ireckonu is a fairly major name in hospitality circles, and with the CORE Middleware and Customer Data Platform tools in place, hospitality providers have a new reason to turn to Oracle.
With these new tools, hospitality software like reservation systems can now work more smoothly with the OPERA Cloud. That means fewer instances of duplicate profiles, and better ability to both access and protect customer data, which helps ensure a better user experience for those paying customers at hospitality venues.
Is Oracle a Buy or Sell?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on ORCL stock based on 17 Buys and 12 Holds assigned in the past three months, as indicated by the graphic below. After a 57.25% rally in its share price over the past year, the average ORCL price target of $193.38 per share implies 19% upside potential.
