The company’s first commercially available software was a relational database management system (RDBMS) called Oracle Version 2. The software was launched in 1979 and slowly started gaining attention. Within eight years, Oracle had released version 5.1 of the software and decided it was time to go public. By the end of the 80s, Oracle was a global business with more than 500 million U.S. dollars in revenue and, by fiscal year 2019, Oracle’s annual revenue had increased to about 40 billion U.S. dollars, while its reported net income stood at around 11 billion U.S. dollars. The most recent version of the company's RDBMS was Oracle 18c, launched in 2018.
Other software products in the company’s extensive portfolio include the Oracle Beehive collaboration software; two operating systems, Oracle Solaris and Oracle Linux; a family of middleware software products called Oracle Fusion Middleware; as well as various business application suites. Examples of the latter include the Oracle Retail Suite, which helps retail companies manage merchandise, pricing, invoicing, and store operations, and the Oracle e-Business Suite, which provides companies with tools to manage manufacturing, financials, human resources, and customer relations (CRM).
Oracle’s main business segment is the cloud and license segment, which generated approximately 26.7 billion U.S dollars in revenue in FY2019 alone. However, the corporation has also been involved in the manufacture of hardware, ever since it acquired Sun Microsystems in 2010. Sun specialized in computers, computer components, computer software, and information technology services. Oracle also provides services, such as the Oracle Cloud Services and Oracle Academy, which assists with training in technology and computing skills in collaboration with governments and educational institutions.
With an estimated brand value of over 26 billion U.S. dollars, Oracle is ranked among the top 20 most valuable brands in the world. The company is also one of the top 100 largest companies in the world by market value. As of 2019, Larry Ellison, long considered to be the driving force behind Oracle’s success, was the fourth richest person in the United States and the seventh richest in the world, with an estimated net worth of around 62.5 billion U.S. dollars.