The Latest in IT Security

Oracle’s quarterly results deepen cloud concerns, stock drops

20
Jun
2014

By Noel Randewich SAN FRANCISCO (Reuters) – Oracle Corp on Thursday posted fiscal fourth-quarter results that disappointed investors looking for more progress against rivals selling web-based services, sending its shares lower. Reflecting expectations of a pickup in its software business and progress in cloud computing, shares of Oracle had gained 10 percent over the past three months, double the SP 500s increase. Its a bit of a jaw-dropper, in terms of Oracle missing results across the board in its historically strong fiscal year-end quarter, said FBR analyst Dan Ives. Its like Spain getting knocked out of the World Cup in its first week. Smaller, aggressive companies like Salesforce.com Inc and Workday Inc have been offering competitive software and Internet-based products at prices that often undercut Oracle.

Comments are closed.

Categories

SUNDAY, JANUARY 17, 2021
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments