Oracle Corporation’s Cloud Infrastructure (OCI) has been selected by the Centers for Medicare & Medicaid Services (CMS) to consolidate and migrate on-premises workloads to the cloud, supporting the agency’s modernization efforts. This move, highlighted by Oracle’s secure FedRAMP High-authorized environment, comes despite a recent downgrade of Oracle’s stock by Melius Research due to intense AI competition. Oracle aims to provide infrastructure for CMS’s mission-critical systems, emphasizing security, reliability, and fiscal stewardship.
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Oracle Cloud Infrastructure Gains Momentum With CMS Selection
Oracle Corporation’s Cloud Infrastructure (OCI) has been selected by the Centers for Medicare & Medicaid Services (CMS) to consolidate and migrate on-premises workloads to the cloud, supporting the agency’s modernization efforts. This move, highlighted by Oracle’s secure FedRAMP High-authorized environment, comes despite a recent downgrade of Oracle’s stock by Melius Research due to intense AI competition. Oracle aims to provide infrastructure for CMS’s mission-critical systems, emphasizing security, reliability, and fiscal stewardship.