Analyst expectations ahead of Oracle’s (ORCL) fiscal Q2 earnings, to be released after the close Wednesday, appear mostly muted as the enterprise software giant continues to transition to the cloud computing era. The No. 1 database company is struggling to reaccelerate its revenue growth as it moves from collecting upfront license payments for its software to a cloud model where customers pay for the software they use on a monthly basis. At the
The law of large numbers might finally start catching up with Workday (WDAY) when it reports its third-quarter earnings numbers after the market close Monday. Workday posted year-over-year revenue growth of 74% in each of its three previous quarters, as the provider of HR cloud software has gained vs. much bigger rivals such as Oracle (ORCL), SAP (SAP) and IBM (IBM). That’s expected to come down about 14% for Q3. The company has added payroll,
The combined value of mergers and acquisitions that closed in the technology sector during the third quarter rose 9% from Q2 to $30.1 billion. There were eight billion-dollar deals in the quarter, compared with an average of six per quarter over the past 12 months, reports PricewaterhouseCoopers. Among the largest deals was Oracle’s (ORCL) $5.3 billion acquisition of Micros Systems. The quarter also included Apple’s (AAPL) acquisition of Beats