The court declared the Russian division of Oracle corporation bankrupt
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The Moscow Arbitration Court declared the Russian division of Oracle Corporation (Oracle Computer Equipment) bankrupt. Record about it appeared in the filing cabinet of arbitration cases.
The company has entered bankruptcy proceedings. The court’s decision has not yet been published.
At the end of 2022, the CROC IT company filed for bankruptcy of the division. In February, the court introduced a monitoring procedure for Oracle and included 47.4 million rubles in the register of claims. the main debt of the IT company and 1.64 million rubles. percent. To date, among the creditors of Oracle, “FORS – Distribution”, “Marvel Distribution”, several banks and other companies. According to TASS, the claims of 10 creditors exceed 1 billion rubles
Oracle develops and supplies server hardware and creates database management systems (DBMS). In March 2022, the company decided to leave the Russian market, and in July it fired all employees of the Russian representative office.
At the end of 2022 the Russian division of Oracle reported about a loss of 1.1 billion rubles. The company’s revenue decreased by 95% to 349.8 million rubles.
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