Oracle Corporation or II-VI Incorporated: Who Invests More in Innovation?

Oracle vs. II-VI: A Decade of Innovation Investment

In the ever-evolving tech landscape, innovation is the key to staying ahead. Over the past decade, Oracle Corporation and II-VI Incorporated have demonstrated their commitment to research and development (R&D), albeit at different scales. Oracle, a titan in the software industry, consistently invested over $6 billion annually in R&D, peaking at $9.4 billion in 2023. This represents a steady increase of about 50% from 2014. Meanwhile, II-VI, a leader in engineered materials and optoelectronic components, showed a remarkable growth trajectory, with R&D expenses soaring from $42 million in 2014 to nearly $500 million in 2023, marking an impressive 1,100% increase. While Oracle's investments dwarf those of II-VI in absolute terms, the latter's aggressive growth in R&D spending underscores its strategic focus on innovation. As we look to the future, these investments will likely shape the competitive dynamics in their respective industries.