Oracle Continues to Thrive in Spanish Market: AI and Healthcare at the Forefront of Expansion

Recently, Larry Ellison, the founder of Oracle, spoke passionately about how AI is revolutionizing the way businesses use databases to answer questions in natural language. Oracle was founded in 1977 with the mission to create a secure information repository for the CIA and has since evolved into one of the fastest-growing companies on the New York Stock Exchange. The company’s impressive financials are a testament to its continued growth and success.

In the first nine months of its fiscal year up until February, Oracle reported earnings of 38,674 million dollars and generated profits of 7,323 million dollars. The company’s growth is consistent globally, with around 25% of its total income coming from Europe, the Middle East, and Africa. Despite not having readily available data on Spain’s representation in their balance sheet, it is clear that Oracle continues to be a major player in the Spanish market.

Oracle specializes in databases and offers cloud and licensing services, hardware, and other products. Databases are at the heart of training artificial intelligence and Oracle’s portfolio of contracts is a promising indicator of both AI’s potential and its own health. Many Ibex companies and large tourism and service firms rely on Oracle technology in Spain.

To continue to meet the needs of small and medium-sized enterprises (SMEs), Oracle offers innovative products such as Oracle Netsuite which incorporates AI tools that update every 120 days. This allows companies to focus on their core activities without worrying about technology maintenance and updates. In addition to healthcare services, Oracle has expanded its offerings in this sector by providing digital information systems for hospitals and health systems across Europe.

Although faced with challenges from tax authorities worldwide, Oracle remains committed to continued growth in Spain’s booming healthcare market. To support this expansion efforts in Europe, they have set up a hub in Barcelona dedicated specifically to healthcare-related products