Recently, Oracle announced that it will change its company name and officially change its name to Oracle Corporation. This move has attracted widespread attention in the industry.
Oracle is a world-renowned software and hardware manufacturer. Its main products include database software, business intelligence tools, cloud services, etc. It is reported that the company's name change is aimed at positioning it more clearly and emphasizing its leading position in the field of cloud computing.
According to Oracle CEO Larry Ellison, "This decision is based on our confidence and determination in our future development. We understand that cloud computing will become the dominant technology in the future, so we hope to show that by changing our name Our leadership position in this field."
In fact, Oracle has been increasing its investment in cloud computing to cope with increasingly fierce market competition. According to statistics, as of the first quarter of 2021, Oracle's cloud computing service revenue has increased by 8% year-on-year, while the performance of its traditional software and hardware products has shown a downward trend.
As more businesses turn to cloud computing, Oracle hopes to solidify its leadership in the space by changing its name. In addition, the company is accelerating the development and deployment of its own cloud computing products and services to meet market demand.
Industry insiders believe that Oracle's name change is a positive signal, indicating that the company is adapting to the changing market environment and is committed to maintaining its leadership position in the software and hardware industry. In addition, this is also part of the company's future development strategy, which focuses on continuing to strengthen its market share in the field of cloud computing.
Although Oracle's name change is only a symbolic change, it reflects the company's confidence and determination for future development. In an increasingly changing market, companies need to constantly adapt to new technological trends and market trends in order to maintain continued growth and competitiveness. For Oracle, this is an era full of opportunities and challenges. Only by continuous innovation and progress can we achieve greater success in the future.
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