Oracle Corp (Oracle) develops and provides application, platform, and infrastructure-based solutions for information technology environment worldwide. The company offers its products and services to government agencies, educational institutions, and resellers through sales force and the company’s partner network worldwide. It also offers industry-specific applications, which offer solutions to customers in the healthcare, high technology, hospitality, communications, construction and engineering, consumer goods, oil and gas, energy and water, automotive, government and education, industrial manufacturing, life sciences, media and entertainment, financial services, food and beverage, retail, professional services, travel and transportation, and wholesale distribution industries, among others.

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Oracle’s R&D arm focuses on developing new technologies to enhance its existing product and solution portfolio. The company also works on enhancing the security, operation, and integration of advanced technologies to lower the cost of deployment. The company makes investments in R&D efforts to maintain and enhance product and service offerings. In FY2023, the company incurred expenses of US$6,640 million on R&D, which as a percentage of revenue, stood at 17%.