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 (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 2020, Oracle’s annual revenue had increased to about 40 billion U.S. dollars, while its reported net income stood at around 10 billion U.S. dollars. The most recent version of the company's RDBMS was Oracle 19c, launched in 2019.
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).
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In the following 4 chapters, you will quickly find the 34 most important statistics relating to "Oracle Corporation".