Tag Archives: orcl

Zendesk IPO Shows Investors Still Fly To The Cloud

Investors still have an appetite for the cloud, even in a widespread technology stock sell off. Shares of Zendesk (ZEN), a maker of cloud-based customer-service software, jumped by more than 44% in its IPO offering on the stock market today. Investors jumped on board the fast-growing Zendesk in spite of the company’s increasing losses and stiff competition from much larger rivals including Oracle (ORCL), Salesforce.com (CRM) and Microsoft (MSFT).

Workday No Longer Has Two Chief Executives

Workday (WDAY) has concluded that two chief executives is one too many. In a public filing Thursday with the SEC, the enterprise software company said that its two top executives no longer share the role of co-CEO. The company, a leading provider of human capital management software that has rivals SAP (SAP) and Oracle (ORCL) in its crosshairs, said Aneel Bhusri will now assume the role of CEO, while David Duffield has become the company’s

Oracle Hardware Business Seen Finally Turning Corner

Long a drag on the company, Oracle’s hardware business could finally see steady growth. The business-software giant has used its engineered systems to revive its once-fading hardware business. The strategy resulted in Oracle (ORCL) last quarter reporting the first-ever year-over-year revenue growth for its hardware unit. Revenue from engineered systems — mostly the Exadata, Exalytics and Exalogic servers integrated with certain business software —