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Oracle, Box Partner to Aid Enterprises Manage Cloud Content

Zacks Equity Research

Oracle ORCL recently announced collaboration with Box BOX at Oracle OpenWorld 2019. The company aims to enable enterprise clientele to connect on-premises and cloud-based third-party applications with Box by utilizing Oracle Integration.

Notably, Redwood City, CA-based Box offers Cloud Content Management platform, which accelerates business processes, and enhances workplace collaboration capabilities. Oracle Integration with Box will aid enterprises to access and manage critical content, and accelerate digital workflows in a unified enterprise and secure manner.

The latest collaboration is also aimed at providing enterprises with an efficient way of reconciling content across applications. This time-saving data management integration is anticipated to aid enterprises focus on innovation and achieving business goals.

Oracle Integration with Box connector allows enterprises utilize intelligent ML capabilities across IT, HR and finance teams with digital transformation projects with seamless integration of applications.

The new alliance is anticipated to bolster adoption of Oracle Integration among digitally transforming clientele looking to gain from infused automated data processing and ML capabilities to effectively manage data.

Growing Clout of ECM Solutions: A Key Catalyst

Enterprises undergoing digital overhaul are focusing on providing customers with personalized solutions to enhance business prospects. This is where Oracle integration with Box connector comes in handy as it enables businesses to manage and integrate content effectively.
 

Oracle Corporation Price and Consensus

 

Oracle Corporation Price and Consensus

Oracle Corporation price-consensus-chart | Oracle Corporation Quote

Robust adoption of digital transformation services is leading to high demand for enterprise content management (ECM) solutions. Per Analytical Research Cognizance data, ECM market is projected to see a CAGR of over 14.36% between 2019 and 2024. The projection reinforces Oracle’s growth prospects in the latest collaboration.

Increasing utilization of data analytics and SaaS solutions is expected to boost adoption of Oracle’s new services. The company is making every effort to enhance functionalities of cloud-based database applications, which is encouraging adoption.

These initiatives are expected to provide Oracle an edge in the Database-as-a-Service market against Amazon Web Services. Notably, per Market Research Future as revealed by Reuters, global cloud database market is projected to hit $21.66 billion at a CAGR of 46.78% between 2018 and 2023.

Risks Remain

Although the latest development bolsters business prospects, increasing expenditure on product enhancements is likely to weigh on margin expansion at least in the near term.

Further, stiff competition in the cloud market, and integration risks from buyouts remain concerns.

Zacks Rank & Stocks to Consider

Currently, Oracle carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader technology sector are Anixter International AXE and Perficient PRFT, both flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Long-term earnings growth rate for Anixter and Perficient is currently pegged at 8% and 10.75%, respectively.

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Box, Inc. (BOX) : Free Stock Analysis Report
 
Perficient, Inc. (PRFT) : Free Stock Analysis Report
 
Oracle Corporation (ORCL) : Free Stock Analysis Report
 
Anixter International Inc. (AXE) : Free Stock Analysis Report
 
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