Oracle (NASDAQ:ORCL) announced that the United States Intelligence Community has authorized it to host classified Top Secret/Sensitive Compartmented Information (TS/SCI) missions.

Oracle’s National Security Regions provide redundant and geographically separated data centers that meet the most stringent US classification standards for TS/SCI tasks. These areas are administered by US residents with government clearance and are only connected to classified networks. The Cloud Network Operations Centers, which are overseen by government-cleared engineers in the United States, maintain secure operations.

This latest approval permits the Intelligence Community to use more than 50 Oracle Cloud services across Top Secret networks, and further services will be made available through an ongoing accreditation process. These services include fundamental networking, computation, storage, and a variety of advanced cloud-native services that help to improve mission outcomes.

Oracle, a recognized technology partner of the United States government, provides a comprehensive array of modern data management solutions. The Oracle Cloud follows open cloud and data standards, and is supported by an architecture that incorporates artificial intelligence and machine learning. Oracle is used by both the US Intelligence Community and the Department of Defense for secure data management from collection through distribution. This collaboration is expected to increase Oracle’s revenue from America and Services.

The Consensus Estimate for revenues from America is $7.78 billion, representing an 8.23% year-over-year increase. The Consensus Estimate for Services revenue is $1.43 billion, representing a 5.78% year-over-year increase.

Oracle’s Recent Collaborations Will Aid Top-Line Growth

Oracle’s recent collaborations include the Australian government, Defence in Canberra, Salam, and Waffle House. Oracle shares have risen 43.5% year to date, compared to a 36.5% advance in the Computer and Technology sector over the same period, owing to different agreements formed so far in 2023.

The Consensus Estimate for ORCL’s first-quarter fiscal 2024 profits is $1.14 per share, representing a 10.68% year-over-year increase. The Consensus Estimate for revenues is $12.45 billion, representing an 8.82% increase year over year.

The Australian federal government has budgeted more than $1.3 billion for digital and ICT in 2023-24, and there is a strong desire to contribute to the advancement of Australia’s digital economy. For more than 20 years, both the private and governmental sectors in Australia have relied on Oracle to promote innovation. The launch of the new federal cloud demonstrates the company’s commitment to provide a cloud platform that is safe, scalable, and high-performing.

Salam, formerly known as Integrated Telecom Company, has chosen Oracle to spearhead Middle East 5G advances. Salam intends to use the monetization and unified operations solutions from Oracle Communications. This decision intends to accelerate the delivery of distinct offerings to both consumer and business clients.

Waffle House has implemented new contactless payment methods using Oracle Payment Cloud Service, giving customers new ways to pay their bills. In addition, Waffle House is installing the Oracle MICROS Simphony Cloud Point-of-Sale system, which will improve operational management by unifying data across all locations.

These collaborations are the result of Oracle’s ongoing innovation and commitment to providing excellent customer support. It is anticipated that it will help the company’s top-line growth in the future quarters.

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