September 13, 2022

Oracle mentioned Crane Worldwide Logistics in its 2023 Q1 earnings announcement.

Oracle held its 2023 Fiscal Q1 Earnings Announcement with the participation of its executives, Larry Ellison and Safra Catz.

During the call, Oracle announced that total quarterly revenues were up 18% yearly in USD and up 23% in constant currency to $11.4 billion. Cloud services and license support revenues were up 14% in USD and 20% in constant currency to $8.4 billion. Cloud license and on-premise license revenues were up 11% in USD and 19% in constant currency to $0.9 billion. For the first quarter of fiscal 2023, Cerner contributed $1.4 billion to total revenues.

“In Q1, total revenue grew 23% in constant currency beating guidance by $200 million,” said Oracle CEO, Safra Catz.

Oracle highlighted our company as follows:

A leader in supply chain solutions with more than 120 locations across 30 countries, Crane Worldwide Logistics relied on Oracle Database running on Microsoft Azure for their critical applications. The company has now migrated to Oracle Enterprise Database Service, enabling Crane to scale better, reduce costs, provide cutting-edge solutions, and enhance cybersecurity resilience, among other advantages. The company chose to use Oracle Cloud Infrastructure, including Oracle Interconnect for Microsoft Azure, which will help Crane leverage its existing Oracle Database and Azure investments to support its multi-cloud strategy.

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