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NTT DATA Japan expands cloud services with Oracle Alloy

Published 10/24/2024, 08:58 PM
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TOKYO - Oracle Corporation (NYSE: NYSE:ORCL) has announced a collaboration with NTT DATA Japan, a part of the NTT Group, to expand cloud service offerings in Japan. The partnership will leverage Oracle Alloy to enhance NTT DATA Japan's cloud capabilities, aiming to accelerate cloud adoption in the country while adhering to data sovereignty and compliance requirements.

NTT DATA Japan will integrate Oracle Alloy into its data centers, providing access to over 150 Oracle Cloud Infrastructure (OCI) services, including advanced AI technologies. This integration is expected to enhance OpenCanvas, NTT DATA Japan's sovereign cloud platform, with the latest OCI features. Oracle Alloy's deployment in the Japan East region is anticipated by December 2025, and in the Japan West region by March 2027.

Hiroshi Tomiyasu, director and executive vice president at NTT DATA Japan, highlighted the importance of Oracle Alloy in meeting cloud and data utilization demands. The company aims to strengthen its global presence and support Japanese customers in enhancing their competitiveness with cloud services that comply with data sovereignty requirements.

Oracle Alloy will also allow NTT DATA Japan to maintain customer data within Japan, a critical factor for meeting industry-specific regulatory standards. The company plans to continue offering customized cloud services across various sectors, including finance, public services, and telecommunications.

Scott Twaddle, Oracle's senior vice president of Product and Industries, expressed the company's commitment to providing partners and customers with diverse choices and looks forward to advancing the digital transformation of Japanese organizations.

Toshimitsu Misawa, corporate executive officer and president of Oracle Japan, emphasized the unique business opportunities for NTT DATA Japan through the scalability and performance of cloud services enabled by Oracle Alloy.

Oracle previously announced an investment exceeding $8 billion in Japan's cloud computing and AI infrastructure. This investment includes strengthening its operations team to support NTT DATA Japan's use of Oracle Alloy.

This collaboration is based on a press release statement and is part of Oracle's distributed cloud strategy, which offers public, dedicated, hybrid, and multicloud options to meet various organizational needs.

NTT DATA is a global IT services provider with a focus on innovation and digital infrastructure, serving a significant portion of the Fortune Global 100. The NTT Group, to which NTT DATA belongs, invests heavily in R&D to advance digital futures. Oracle, known for its integrated application suites and autonomous infrastructure, continues to be a significant player in the cloud computing industry.

In other recent news, Oracle Corporation has experienced several significant developments. The company has been making strides in its operations and financial performance, with the U.S. Army migrating its Integrated Personnel and Pay System-Army to the Oracle U.S. Defense Cloud, a move expected to result in substantial cost savings and improved HR and payroll efficiency. Oracle has also launched its Oracle Health Clinical Data Exchange, a cloud-based platform designed to streamline the exchange of medical claims information.

Additionally, the company has issued $6.25 billion in senior notes, with the net proceeds planned for debt repayment and potential future acquisitions. On the analyst front, HSBC raised its price target for Oracle based on the strong performance of Oracle Cloud Infrastructure. Erste Group upgraded Oracle from Hold to Buy, citing the company's robust software offerings and expanding cloud infrastructure. Bernstein SocGen Group also adjusted its price target for Oracle, maintaining an Outperform rating.

However, RBC Capital initiated coverage with a "Sector Perform" rating, expressing concerns about Oracle's cloud infrastructure segment's ability to compete effectively with industry giants such as Amazon (NASDAQ:AMZN) Web Services and Microsoft (NASDAQ:MSFT) Azure. The firm also highlighted the ambitious revenue targets set by Oracle for fiscal years 2026 and 2029, suggesting that significant growth acceleration is necessary to meet these goals. These are just a few of the recent developments for Oracle.

InvestingPro Insights

Oracle's collaboration with NTT DATA Japan to expand cloud services in Japan aligns well with the company's strong market position and recent financial performance. According to InvestingPro data, Oracle boasts a substantial market capitalization of $479.67 billion, reflecting its significant presence in the software industry.

The company's revenue growth of 5.6% over the last twelve months and a quarterly growth of 6.86% in the most recent quarter indicate steady expansion, which could be further bolstered by this strategic partnership in Japan. Oracle's robust gross profit margin of 71.31% and operating income margin of 30.45% suggest that the company is well-positioned to invest in and benefit from such international collaborations.

InvestingPro Tips highlight Oracle's strong market performance, with the stock trading near its 52-week high and showing a remarkable 69.78% price total return over the past year. This upward trajectory could be partly attributed to Oracle's strategic moves in cloud computing and AI, such as the collaboration with NTT DATA Japan.

It's worth noting that Oracle has maintained dividend payments for 16 consecutive years, demonstrating financial stability that could support long-term investments in cloud infrastructure. However, investors should be aware that the stock is currently trading at a high P/E ratio of 43.54, which may indicate high growth expectations.

For readers interested in a deeper analysis, InvestingPro offers 18 additional tips for Oracle, providing a more comprehensive view of the company's financial health and market position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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