Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
Oracle
Oracle
Oracle Corporation is an American multinational computer technology corporation headquartered in Austin, Texas. In 2020, Oracle was the second-largest software company in the world by revenue and market capitalization.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedGlobal 500, is an annual ranking of the top 500 corporations worldwide
Global 500Glob.Revenue, mln.USD
51629
Oracle offices in Russia operated in Moscow and St. Petersburg. The bankruptcy process of Oracle in Russia has been extended. The bankruptcy trustee is seeking to cancel a number of large payments to the company.
The Company Statement
August 07, 2023
Operations in Russia were suspended. Revenue has significantly dropped in 2022 vs 21. The court declared the division of Oracle in Russia bankrupt. Oracle Corporation, which left Russia, left debts for 1.254 billion rubles.
| October 22, 2024 | Only ₽83 million has been found for Oracle's subsidiary creditors in Russia |
| September 26, 2024 | Bank Saint Petersburg got rid of Oracle and almost abandoned the services of integrators when working with data |
| August 30, 2024 | The Federal Tax Service's main IT system increasingly includes Russian IT products. But Oracle remains its "heart" |
| August 07, 2024 | Former employees of Oracle's Russian subsidiary are required to return bonuses |
| August 07, 2024 | Former Oracle employees in Russia have been asked to return bonuses. Is there a chance to return this money to the company's creditors? |
| July 22, 2024 | Oracle's bankrupt subsidiary in Russia has not paid a single creditor |
| August 07, 2023 | The court declared the division of Oracle in Russia bankrupt |
| June 02, 2023 | Authorities may restrict parallel imports of computer equipment |
| June 14, 2022 | Oracle revenue, profit top estimates on cloud boom |
| March 02, 2022 | On behalf of Oracle’s 150,000 employees around the world and in support of both the elected government of Ukraine and for the people of Ukraine, Oracle Corporation has already suspended all operations in the Russian Federation. |
| March 02, 2022 | Oracle temporarily stopped sales in Russia |
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