Oracle’s road to the cloud is getting smoother, but more than a few potholes remain. Analysts have offered mixed assessments of the database leader since its annual OpenWorld conference Sept. 28-Oct. 2, where executives discussed new products in data analytics and mobile, along with moves to help the firm transition from a license model to a cloud subscription model in order to compete with Salesforce.com (CRM), Workday (WDAY), SAP (SAP) and
SAP continues to be aggressive in using acquisitions to build its cloud platform. But investors remain skeptical. SAP (SAP) stock was down 4% in morning trading in the stock market today, a day after the enterprise software company said that it plans to acquire Concur Technologies (CNQR), a maker of travel and expense software, for $8.3 billion. The purchase price comes to $129 a share, a 20% premium over Concur’s close on Thursday. Concur stock
Manhattan Associates is proving to be a survivor in more ways than one. The company has found a way to compete with larger rivals Oracle (ORCL) and SAP (SAP) in warehouse management software while also side-stepping the recent sell-off in high-growth but little-or-no-profit software companies such as Tableau Software (DATA) and Splunk (SPLK). Manhattan Associates’ (MANH) stock is down from an all-time high of 40.79 touched on March 17, but the