Oracle Corp
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Information Technology : Software | Large Cap Blend
Company profile

Oracle Corporation provides products and services that address enterprise information technology (IT) environments. The Company’s businesses include cloud and license, hardware and services. Its products and services include applications and infrastructure offerings that are delivered through a variety of IT deployment models. These models include on-premises deployments, cloud-based deployments, and hybrid deployments. Its Oracle Cloud Services offerings include Oracle software-as-a-service (SaaS) and Oracle Cloud Infrastructure (OCI) offerings, which provides integrated stack of applications and infrastructure services delivered via cloud-based deployment models. Its Oracle Cloud Services integrate the IT components, including software, hardware and services, on a customer’s behalf in a cloud-based IT environment. Its Oracle cloud license and on-premise license deployment offerings include Oracle Applications, Oracle Database and Oracle Middleware software offerings, among others.

Closing Price
Day's Change
0.16 (0.19%)
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Oracle to pay more than $23 million to settle SEC's bribery charges

9:39 am ET September 27, 2022 (MarketWatch)

Shares of Oracle Corp. rose 1.2% in morning trading Tuesday, after the Securities and Exchange Commission said the enterprise software company will pay more than $23 million to settle bribery charges. The SEC had charged Oracle for violating provisions of the Foreign Corrupt Practices Act (FCPA), saying subsidiaries in Turkey, the United Arab Emirates (UAE) and India created and used slush funds to bribe foreign officials in return for business between 2016 and 2019. As part of the settlement, Oracle agreed to "cease and desist" from violating the FCPA without admitting and denying the SEC's findings. The payment includes $8 million in disgorgement and a $15 million penalty. Oracle's stock has dropped 26.4% year to date through Monday, while the S&P 500 has lost 22.3%.

-Tomi Kilgore


(END) Dow Jones Newswires

September 27, 2022 09:39 ET (13:39 GMT)

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