Oracle (ORCL – Free Report) recently partnered with athletic-inspired fashion brand Hibbett. Hibbett drafts Oracle Cloud to deliver better in-store experiences and more personalized interactions to improve customer loyalty and sales.
Hibbett Retail, Inc. offers new-age footwear and fashion at 1,133 stores in 36 states. To improve the in-store experience, the retailer integrated Oracle’s retail cloud platform technology.
By upgrading the mobile Oracle Retail Xstore Point-of-Service system and adding Oracle Retail Store Inventory Operations Cloud Service, Hibbett employees can easily access inventory from anywhere in the store, giving customers be able to provide services.
Hibbett also integrates Oracle Retail Customer Engagement Cloud Service and Oracle Retail Order Broker. Using these systems, retailers can monitor customers’ last purchases and recommend new styles.
Oracle Retail Assortment also helps retailers locate the right assortment of shoes, accessories, and apparel to attract new customers and retain old ones.
Management believes that Oracle Cloud will not only provide the latest software, but also help Hibbett use the data generated to deliver a seamless experience for customers, resulting in higher revenue.
Increased Sales from Oracle’s Recent Partnership
Oracle’s recent major partnerships include Globalstar, Vivo and AT&T Mexico. These partnerships help us improve our top line and grow our customer base.
Globalstar Inc, a leading provider of connectivity to people and businesses around the world, has partnered with Oracle NetSuite. NetSuite helped Globalstar establish an integrated business system to streamline and grow its international business. This saves you time and resources that you can focus on growing.
Telefónica’s Brazilian subsidiary, Vivo, recently partnered with Oracle Cloud Infrastructure to migrate critical data and processes from its data center in Campinas, São Paulo to Oracle Cloud Infrastructure, allowing it to focus on other service offerings and reduce IT costs Did.
US multinational telecommunications company AT&T Mexico recently partnered with Oracle to move its critical IT and business processes to Oracle Cloud Infrastructure. Oracle Cloud Infrastructure will enable the company to more efficiently manage his OSS/BSS workloads, databases and analytics in the cloud.
Oracle’s revenue in the last quarter was $12.39 billion, up 18% year-over-year. Infrastructure and application cloud business is the main reason for revenue growth.
Management’s focus on growing its customer base is evident with annual revenue from strategic back-office SaaS applications now reaching $6.2 billion, growing 25% at constant currency. Fusion ERP was up 28% and NetSuite ERP was up 26% in the quarter.
Sachs Ranks and Stocks to Consider
Oracle currently holds Zacks rank #3 (hold). A complete list of today’s #1 (Strong Buy) Zachs Stocks can be found here.
The top-ranked stocks in the computer and technology sector are: eplus (plus – free report), Octa (OKTA – free report) and ribbon communication (RBBN – free report). ePlus and Okta are Zacks Rank #2 (Buy), while Ribbon Communications is currently Zacks Rank #1.
PLUS stock has fallen 7.8% over the past year. Zach’s consensus expected earnings are pegged at $1.06 per share for him, and have remained unchanged for the past 30 days.
OKTA’s stock has fallen 45.1% over the past year. Sachs’ consensus earnings forecast is pegged at 12 cents per share, up from 1 cent over the past 30 days.
RBBN’s stock price is up 24.1% over the past year. Zach’s consensus expected loss is pegged at 5 cents per share, down from his earnings of 1 cent per share over the past 30 days.
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Most of the stocks in this report are flying under Wall Street’s radar, offering a great opportunity to get into the ground floor.
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