Oracle’s (ORCL) transition pains to the cloud might not be as bad as expected when the enterprise software maker reports its fiscal fourth-quarter earnings after the market close Wednesday. The database leader could produce better results for the just-completed quarter as the company transitions its software business to the cloud, where it can better compete with fast-growing rivals Salesforce.com (CRM) and Workday (WDAY), which last month gave
Salesforce.com leveraged its fast growth in the cloud and its ability to beat rivals Oracle (ORCL) and SAP (SAP) to report first-quarter earnings after the market close Wednesday. The No. 1 provider of customer relationship management software also reported an outlook for the current quarter that was ahead of views and raised its outlook for the year. Salesforce.com (CRM) stock was up more than 4% in midday trading in the stock market today, near
After-hours earnings results, buyout buzz and a lawsuit settlement were the catalysts for stock gains and losses for big-name companies late Wednesday, including Salesforce.com (CRM), Williams-Sonoma (WSM), CVS Health (CVS) and Halliburton (HAL). Salesforce.com topped first-quarter estimates as adjusted earnings jumped 45% to 16 cents and sales climbed 23% to $1.51 billion. The provider of customer relationship management software expects Q2