The information technology sector spent $36 billion on share repurchases in the second quarter, more than all other industry, with Apple (AAPL) leading the way. Apple spent $10 billion in share repurchases in Q2, with tech firms taking four of the top 10 spots among companies in the S&P 500, according to FactSet. Following Apple in the tech sector was Qualcomm (QCOM) at $4.4 billion, Microsoft (MSFT) at $4.2 billion and Oracle (ORCL) at $2
Oracle (ORCL) stock took a hit in the early going Thursday as wary investors focused on the troubles facing the database software giant instead of its first-quarter earnings beat. Shares of Oracle were down 3% to around 37 in the stock market today, a day after the company said that it had come in ahead of profit estimates by a penny. But Oracle said that it fell short on revenue as its efforts to break into cloud computing, while promising,
Software giants Oracle (ORCL) and Adobe (ADBE) are all set to report their quarterly earnings this week. Here’s a look at what analysts expect: Oracle issues its fiscal first-quarter earnings after the close on Wednesday. Earnings are projected to fall 16% to 52 cents a share. Revenue is expected to edge down 0.8% to $8.53 billion. The database software leader has fallen short of estimates for the last two quarters. Oracle hit a high of 46.70 in