The 2020 fiscal year marked a slight increase in Oracle Corporation’s research and development spending, the yearly total climbing to 6.07 billion U.S. dollars from the 6.03 figure recorded in 2019. Following years of dramatically expanding R&D budgets, the company seems to have slowed R&D budget expansion and stabilized the figure at around six billion.
Oracle
Founded in 1977, Oracle is a tech company primarily focused on relational database technology. Today, Oracle ranks among the largest companies in the world in terms of market value and serves as the world’s most popular database management system provider. In addition to its investment into R&D, the company is also known for its use of acquisitions to promote growth, with high profile purchases including Sun Microsystems, PeopleSoft, and NetSuite.
Research and Development spending
The slight decrease in R&D spending in 2018 means that Oracle ranks just outside the top 20 companies in the world in terms of R&D spending. Many of the company’s tech industry peers tend to spend far more on R&D, with Intel, Microsoft, and Alphabet all spending well over ten billion dollars in 2018.
Oracle's research & development spending between FY2005 and FY2020 (in million U.S. dollars)*
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Oracle. (June 22, 2020). Oracle's research & development spending between FY2005 and FY2020 (in million U.S. dollars)* [Graph]. In Statista. Retrieved September 23, 2020, from https://www.statista.com/statistics/236990/research-and-development-spending-at-oracle/
Oracle. "Oracle's research & development spending between FY2005 and FY2020 (in million U.S. dollars)*." Chart. June 22, 2020. Statista. Accessed September 23, 2020. https://www.statista.com/statistics/236990/research-and-development-spending-at-oracle/
Oracle. (2020). Oracle's research & development spending between FY2005 and FY2020 (in million U.S. dollars)*. Statista. Statista Inc.. Accessed: September 23, 2020. https://www.statista.com/statistics/236990/research-and-development-spending-at-oracle/
Oracle. "Oracle's Research & Development Spending between Fy2005 and Fy2020 (in Million U.S. Dollars)*." Statista, Statista Inc., 22 Jun 2020, https://www.statista.com/statistics/236990/research-and-development-spending-at-oracle/
Oracle, Oracle's research & development spending between FY2005 and FY2020 (in million U.S. dollars)* Statista, https://www.statista.com/statistics/236990/research-and-development-spending-at-oracle/ (last visited September 23, 2020)
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