Silicon Valley-based Oracle (ORCL) said Tuesday that it plans to build a 560,000-square-foot office “campus” east of downtown Austin, Texas, as the first phase of an expansion that it said will increase its employment in the area by 50% “over the next few years.” Oracle stock rose a fraction, to 36.59, in the stock market today. Oracle also said that it’s buying a 295-unit apartment building next to its campus site to house employees. The Austin
With some clarity from Oracle’s (ORCL) Q2 earnings beat but disappointing Q3 guidance, investors traded Oracle stock down as much as 6% Thursday to a nearly three-month low. In late-afternoon trading in the stock market today, Oracle was down 4.5%, near 37. Oracle stock is more than 20% off its all-time high 46.71, set last Christmas Eve. The database leader “is still searching for a breakout after prolonged low-single-digit revenue growth,” UBS
Oracle (ORCL) stock was up 1.7% in after-hours trading Wednesday, after the largest Silicon Valley-based software maker posted fiscal Q2 earnings that beat expectations. Revenue for period ended Nov. 30 fell 6% from the year-earlier quarter and just missed Wall Street estimates, but the company showed strong double-digit growth in its rising cloud software businesses. Company executives are expected to give Q3 guidance a little later Wednesday, on