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Oracle Corporation (NYSE:ORCL) Will Allow Users To Rent Computing Power- Wyndham Worldwide (NYSE:WYN), T-Mobile US, Inc. (NYSE:TMUS)

Oracle Corporation (NYSE:ORCL) was amid active mover of the day as shares increased 0.74% to settle at$38.07. The president of Oracle Corp. (ORCL) Product Development, Thomas Kurian stated that firm is taking a more direct shot at Amazon.com Inc.’s cloud-computing service. The firm released on Tuesday that it is rolling out new cloud features that will allow users to rent computing power by the hour or by the month. Consumers won’t have to own their own bank of servers and can instead use Oracle’s. At the same time as many of the firm’s software offerings, such as database tools, have been pushed into the cloud, the new service offers options for renting raw computational power per hour, he added. That’s same to Amazon’s Elastic Compute Cloud. Kurian stated at the Oracle OpenWorld event in San Francisco that they have a lot of capability. Any person, any place in the world” with a browser can access the cloud. The stock outstanding shares were 4264.63 while its market cap was 163.66 Billion. The stock opened at $38.33. And its 52 week range was 35.14 – 46.71. How Oracle...


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