Tag Archives: orcl

Oracle Cloud Biz Growing Despite Mixed Q3 Earnings

Oracle (ORCL) appears to be moving in the right direction, analysts say, despite delivering mixed Q3 earnings and lower-than-expected guidance late Tuesday. The longtime business software giant’s cloud business is growing at 30% rates, and analysts say the company raised its guidance on cloud bookings for the current quarter. Oracle stock was up by more than 4% in early trading in the stock market today, at a nearly two-month high of 44.75. Oracle

Oracle Q3 Mixed, Says ‘Stay Tuned’ Vs. Salesforce.com

Oracle co-founder and leader Larry Ellison backed up his reputation as one of Silicon Valley’s most competitive executives with a two-word sentence in the business software maker’s fiscal Q3 earnings release late Tuesday: “Stay tuned.” With that, the Oracle (ORCL) chairman and chief technology officer set up a race for calendar 2015 — will Oracle or will hard-charging cloud software rival Salesforce.com (CRM) sell the most software-as-a-service

Oracle Analysts Reduce Q3 Estimates Ahead Of Report

Oracle (ORCL) analysts reduced their fiscal third-quarter earnings estimates for the enterprise software giant, an indication that the company could show some growing pains as it continues its long transition to the cloud. Oracle reports results for the quarter ended on or near Feb. 28 after the market close Tuesday. Oracle is the No. 1 maker of database software, but the company is moving from collecting upfront license payments for its software