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Tag: 8×8

  • Oracle Gets Boost From Barron’s Coverage of Company’s Cloud Business

    Oracle Gets Boost From Barron’s Coverage of Company’s Cloud Business

    Oracle’s stock has seen its best day in nearly a year on positive coverage of its cloud business by Barron’s, although some critics are not impressed.

    Oracle is the dominant company in the database business, and provides a range of middleware applications. The company has been working to gain a bigger portion of the cloud computing market, with mixed results.

    Google Cloud CEO Thomas Kurian, a former Oracle executive, famously called Oracle Cloud “a disgrace.” The company has also faced a lawsuit claiming executives hid issues with Oracle’s ability to compete in the cloud market.

    On the other hand, Oracle has scored some significant winsagainst its larger rivals, gaining business from Albertsons, Humana, McDonald’s and Xactly. The company also poached 8×8 from AWS and saw Zoom use Oracle’s Cloud for its latest expansion.

    Barron’s featured an articled entitled: “Oracle Is Turning Into a Cloud Giant. Why Its Stock Is a Buy.” The article made the case that Oracle could leverage its existing software and services to help grow its cloud business, potentially becoming the next major cloud player.

    As a result of the coverage, Oracle stock rose 5%, it’s biggest single-day gains in nearly a year. Nonetheless, it remains to be seen if Barron’s optimism is warranted. As of 2018, Oracle doesn’t break out its cloud earnings in its quarterly reports, making it hard to judge just how well the company’s cloud business is growing.

    CNBC points out that Oracle only reported a 1.9% growth in revenue in its latest report, far short of the estimated 37% growth rate of the cloud market in 2019. Again, without knowing what role Oracle’s cloud business played in its quarterly results, it’s hard to get an accurate read on well its business is doing. At the same time, however, 1.9% is not an encouraging growth rate.

  • 8×8 Partners With GoCardless For Recurring Payments

    8×8 Partners With GoCardless For Recurring Payments

    Communication platform 8×8 has partnered with GoCardless to handle their recurring payments worldwide.

    8×8 is a popular communication platform that has experienced tremendous growth during the pandemic. The company’s monthly user base has hit 20 million, up from a few hundred thousand.

    As companies have turned to 8×8, the company needed to upgrade its recurring payment system to work with multiple banking systems around the world. The goal was to improve its payment success rates, while also increasing the company’s visibility.

    “As a fast-growing technology company, we wanted to provide our customers with a simple and easy-to-use payment method for managing their recurring payments,” said Samuel Wilson, Chief Customer Officer and Managing Director of EMEA at 8×8. “The GoCardless platform allows us to provide a great experience to our customers and enables us to consolidate our paper-based processes and legacy systems into a single payments platform. We are confident that we have the right payment solution in place, which will be deployed globally in the coming months.”

    The deal is a big win for GoCardless and will help 8×8 continue to grow worldwide.

  • 8×8 Migrates From AWS to Oracle For Secure Video

    8×8 Migrates From AWS to Oracle For Secure Video

    Oracle has scored another important cloud contract, as cloud communication platform 8×8 has migrated from AWS for secure video.

    8×8 is a cloud communication platform that helps businesses run a virtual office, with business phone numbers, voicemail, extensions, auto-receptionists, voice meetings, chat and more. As such, cloud infrastructure is vital for 8×8 to successfully meet its customers’ needs.

    Like many communication platforms, 8×8 has seen explosive growth during the pandemic. This resulted in the company needing to expand its cloud infrastructure to keep up.

    “As video meetings quickly became the connective tissue of today’s new world, we saw our user count soar. To support that exponential growth, we looked at several platforms and chose Oracle’s Gen 2 Cloud infrastructure for its strong security, outstanding price/performance, and world-class support to serve this new surge of users,” said Vik Verma, CEO of 8×8.

    In particular, Oracle’s Gen 2 Cloud Infrastructure offered 25% better performance per node than AWS, while saving 8×8 more than 80% in network outbound costs.

    Oracle recently inked a deal to help Zoom keep up with its own surge of growth. With the 8×8 deal, Oracle is establishing itself as a serious contender for mission-critical cloud architecture.