Shares of Oracle Corporation (NYSE:ORCL) ended Tuesday session in red amid volatile trading. The shares closed down -0.16 points or -0.41% at $39.07 with 12.12 million shares getting traded. Post opening the session at $39.55, the shares hit an intraday low of $39.06 and an intraday high of $39.60 and the price vacillated in this range throughout the day. The company has a market cap of $162.36 billion and the numbers of outstanding shares have been calculated to be 4.11 billion shares.
On Sept. 20, 2016 Oracle OpenWorld — Oracle Executive Chairman and Chief Technology Officer, Larry Ellison demonstrated that Amazon databases are 20 years behind the latest release of the Oracle Database in the Cloud. In his keynote presentation at Oracle OpenWorld 2016 in San Francisco’s Moscone Center, Ellison shared detailed analysis that showed that Oracle Database-as-a-Service (DBaaS) is up to 105X faster for Analytics workloads, 35X faster for online transaction processing (OLTP), and 1000+X faster for mixed workloads than Amazon DBaaS. Ellison also showed that the Oracle Cloud is optimized for running Oracle Database while Amazon Web Services (AWS) is not. An Oracle Database running on the Oracle Cloud is up to 24X faster than an Oracle Database running on AWS.
“Oracle’s new technologies will drive the Cloud databases and infrastructure of the future,” said Ellison. “Amazon are decades behind in every database area that matters, and their systems are more closed than mainframe computers.”
Ellison also announced the availability of Oracle Database 12c Release 2 in the Oracle Cloud with the launch of the new Oracle Exadata Express Cloud Service. This service provides the full enterprise edition of the Oracle Database running on the database-optimized Exadata infrastructure. Starting at just $175 per month, Ellison showed this Cloud service is lower cost than similar offerings from Amazon.
With the launch of Oracle Database 12c Release 2 in the Cloud first, Oracle has demonstrated that the Oracle Cloud is the most optimized, complete and integrated Cloud for Oracle Database. The latest release provides organizations of all sizes with access to the world’s fastest, most scalable and reliable database technology in a cost-effective and open Cloud environment. In addition, the world’s #1 database includes a series of innovations that add state-of-the-art technology while preserving customer investments and supporting their transition to the Cloud.
Shares of Facebook Inc (NASDAQ:FB) ended Tuesday session in red amid volatile trading. The shares closed down -0.01 points or -0.01% at $128.64 with 11.08 million shares getting traded. Post opening the session at $128.65, the shares hit an intraday low of $128.03 and an intraday high of $129.17 and the price vacillated in this range throughout the day. The company has a market cap of $368.21 billion and the numbers of outstanding shares have been calculated to be 2.32 billion shares.
Facebook Inc (FB) operates as a mobile application and Website that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers worldwide. Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application for mobile and Web on various platforms and devices, which enable people to reach others instantly, as well as enable businesses to engage with customers; and WhatsApp Messenger, a mobile messaging application.