In 1977, Larry Ellison, Bob Miner, and Ed Oates, with two thousand U.S. dollars in capital between them, founded a small software company called Software Development Laboratories (SED) in Santa Clara, California. In 1982, the company rebranded itself as Oracle Systems Corporation and, in 1995, as Oracle Corporation. This was done in order to create a stronger association with their most prized product, the Oracle database. At a time when most enterprises were managing huge amounts of data with inefficient and arcane software, the trio saw an opportunity in developing a data management system that was both better at handling data than other systems and easier to teach to new staff.
The company’s first commercially available software was a relational database management system (RDMS) 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 2016, Oracle’s annual revenue had increased to more than 37 billion U.S. dollars, while its reported net income stood at almost 10 billion U.S. dollars. The most recent version of the company's RDMS was Oracle 12c, launched in 2013, which was developed with a focus on cloud computing.
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 remains that of software solutions, which generated approximately 29 billion U.S dollars in revenue in 2016 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.
This text provides general information. Statista assumes no
liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date
data than referenced in the text.