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CLAIM #47288 · ORCL (ORCL) · 2024Q2 earnings call · Dec 11, 2023 · due Feb 29, 2024

I believe about half the customers will be moved, half of the Millennium customers... about half of those customers will move to OCI by February.

Lawrence Ellison · Chairman and CTO

PENDING
graded after results covering Feb 29, 2024 are reported

In context

margins. John DiFucci: Thank you very much. Sorry for the several part question, but thank you. Safra Catz: Our pleasure. Operator: Your next question comes from the line of Mark Moerdler with Bernstein. Your line is open. Mark Moerdler: Thank you very much for taking the question. I really appreciate it. I want to change gears a little bit and turn to Cerner, which people don't really focus on that much. Cerner license revenue has been down, likely in preparation for customer shifting to SaaS, but Oracle does not yet have a full multi-tenant scalable Cerner SaaS solution. So what I'd like to ask is couple parts. How should we think about the timing of, one, the availability of -- yep. Larry Ellison: That's not correct. So Cerner has several pieces. Mark Moerdler: Okay. Larry Ellison: And I believe about half the customers will be moved, half of the Millennium customers. You can think that Cerner is just automating hospitals like Epic. And that's a product called Millennium. And about half of those customers will move to OCI by February. Half of all existing customers will be in Oracle OCI. But we've also developed something that began at Cerner. And we have finished now, completely rewritten it. Well, we're in the process. We will finish next calendar year. But it is largely rewritten and available right now, something called our Health and Data Intelligence platform and it was known as Cerner HealtheIntent. And that's for public health. That's for population scale, public health management. Again, it's sold to US states. It's sold to Australian states. It's sold to European countries. It's for managing population health. Remember during COVID when we didn't know, New York thought they were living out of hospital r

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SEC filings for ORCL · Claim quote is verbatim from the 2024Q2 earnings call.