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Oracle cloud regions gain DoD IL6 authorization for classified workloads

EditorNatashya Angelica
Published 04/22/2024, 12:11 PM
© Reuters

AUSTIN, Texas - Oracle Corporation (NYSE: NYSE:ORCL) has announced the accreditation of its cloud regions by the U.S. Department of Defense (DoD) at Defense Information Systems Agency (DISA) Impact Level 6 (IL6), enabling the hosting of Secret classified workloads. This move provides the DoD with a high-performance, cost-effective cloud infrastructure capable of supporting a wide range of defense applications at all classification levels.

With the constant evolution of threats, the DoD's operational requirements have intensified, necessitating robust technology solutions. Oracle's newly accredited cloud regions aim to address the challenges of fragmented information systems across modern and legacy infrastructure.

The accreditation allows for the integration of data analytics, artificial intelligence (AI), and high-performance computing (HPC) to support real-time decision-making and maintain a technical advantage for U.S. warfighters.

Rand Waldron, vice president at Oracle, emphasized the importance of delivering cutting-edge technology at competitive costs to the DoD's Secret networks, stating that technology is integral to the mission, especially in remote locations and secure data centers.

Oracle's cloud regions are designed to be air-gapped and offer the same services as Oracle's public cloud under the Everything Everywhere® initiative. This ensures that DoD technologists have access to the latest cloud services and hardware.

The Oracle Modern Data Platform aims to streamline the data lifecycle for faster insights, while Oracle's security features, including a zero-trust approach, align with DISA's Zero-Trust Reference Architecture.

The company's cloud infrastructure is managed from dedicated network operation centers staffed by U.S. government-cleared personnel, reinforcing security for sensitive defense operations.

Further details on Oracle's technology and services for federal customers will be shared at the Oracle Federal Forum on Thursday, April 25 in Washington, D.C.

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The information for this article is based on a press release statement from Oracle Corporation.

InvestingPro Insights

Oracle Corporation (NYSE: ORCL) has demonstrated its commitment to growth and stability in the competitive software industry, a key factor as the company expands its services to meet the stringent requirements of the U.S. Department of Defense. The company's recent accreditation for hosting Secret classified workloads is a testament to its robust technology offerings and strategic positioning.

InvestingPro data highlights Oracle's significant market presence with a substantial market capitalization of $315.75 billion, showcasing its scale and investor confidence. The company's P/E ratio stands at 29.56, indicating a premium valuation that investors are willing to pay for its earnings, which may be justified by its critical role in the software industry and long-term growth prospects.

Moreover, Oracle's revenue growth over the last twelve months as of Q1 2023 was 9.49%, reflecting its ability to expand its top line amidst competitive and operational challenges.

One of the InvestingPro Tips for Oracle is that it has raised its dividend for 10 consecutive years, signaling a strong commitment to returning value to shareholders. This is particularly relevant for investors looking for stable dividend-paying stocks. Additionally, Oracle is a prominent player in the Software industry, which could be a key factor for investors seeking exposure to this sector.

For readers interested in a deeper analysis of Oracle's financials and strategic positioning, there are 10 additional InvestingPro Tips available at https://www.investing.com/pro/ORCL. These tips provide valuable insights for those considering an investment in Oracle. To access these tips and more, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

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