Oracle's Larry Ellison Said All 9 Utility Cos Owned By Berkshire Hathaway Will Replace All ERP Systems, Standardizing On Co's Apps -Conf Call
Portfolio Pulse from Charles Gross
Larry Ellison, Oracle's executive, announced during a conference call that all nine utility companies owned by Berkshire Hathaway will replace their existing ERP systems with Oracle's applications.
September 11, 2023 | 9:26 pm
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POSITIVE IMPACT
Berkshire Hathaway's nine utility companies will standardize their ERP systems using Oracle's applications, potentially leading to increased efficiency and cost savings.
The decision by Berkshire Hathaway's utility companies to standardize their ERP systems using Oracle's applications could lead to increased efficiency and cost savings. This could have a positive impact on Berkshire Hathaway's profitability and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Oracle's applications will be adopted by all nine utility companies owned by Berkshire Hathaway, potentially increasing Oracle's revenues and market share.
The adoption of Oracle's applications by all nine utility companies owned by Berkshire Hathaway is a significant partnership that could lead to increased revenues and market share for Oracle. This is likely to have a positive impact on Oracle's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100