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SAP gets the 'full Ellison' as the Oracle CTO names 100 ERP 'defectors' from his oldest adversary

SAP gets the full Ellison as the Oracle CTO names 100 ERP defectors from his oldest adversary
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SAP is more responsible for our leadership position than we are.
It was a combative Larry Ellison who had his German nemesis firmly in his sights as he co-hosted the Oracle Q3 post-results analyst call yesterday.
Indeed at some points it was quite like old times for the more battle-scarred enterprise software watchers among us, many of whom might have anticipated just such a reaction following SAP CEO Christian Klein’s claim in January that:
In the ERP space alone, we have more than 200 wins against Oracle. ....

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Oracle shares are trading near record levels after Q2 results

Oracle shares are trading near record levels after Q2 results
December 18, 2020
Barclays and Morgan Stanley upgraded their price target on Oracle this December
Oracle has declared a $0.24/share quarterly dividend
Oracle (NYSE: ORCL) shares have advanced from $50 above $65.3 since the beginning of May, and the current price stands around $65. Barclays and Morgan Stanley upgraded their price target on Oracle this December, and the stock price is trading near record levels.
Fundamental analysis: Total revenue has increased above the expectations in Q2
Oracle Corporation is an American multinational computer technology corporation that sells software, cloud engineered systems, and enterprise software products. The company announced recently that it is moving its headquarters from California to Texas. ....

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Cloud services and licence support growth bolsters Oracle earnings

Cloud services and licence support growth bolsters Oracle earnings
Cloud services and licence support growth bolsters Oracle earnings
But cloud licence and on-premise licence revenues fell
Larry Ellison (Oracle)
Credit: Blair Hanley Frank
A revenue surge stemming from Oracle’s cloud services and licence support has helped to bolster the software giant’s financials in a second quarter that saw it weather falls in cloud licence and on-premise licence revenues.
The three months ending 30 November saw Oracle post a 4 per cent year-on-year increase in cloud services and licence support revenues, to US$7.1 billion.
At the same time, the company revealed a 3 per cent year-on-year fall in cloud licence and on-premise licence revenues, to US$1.1 billion. Total quarterly revenues, meanwhile, were up by 2 per cent, year-over-year, to US$9.8 billion. ....

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Oracle beats Wall Street estimates in the fiscal second quarter.

The tech company forecasts up to 4% growth in Q3 revenue.
Oracle rolled out Analytics Service for MySQL database last week.
Oracle Corp. (NYSE: ORCL) published its financial results for the fiscal second quarter on Thursday that topped analysts’ estimates for earnings and revenue. The company’s guidance for the future was also better than expected on Thursday.
Oracle initially slipped in extended trading on Thursday but regained the loss later on. At £44.82 per share, it is now more than 10% up year to date in the stock market after recovering from a low of £33.59 per share in March. If you’re interested in investing in the stock market, you’ll need a reliable broker – here’s a list of the top few to make selection easier for you. ....

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Strong cloud sales help Oracle beat earnings targets

Strong cloud sales help Oracle beat earnings targets
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Database and business software giant Oracle Corp. beat expectations with its second-quarter financial results today thanks to what it said was strong growth in its cloud services offerings.
The company reported a profit before certain costs such as stock compensation of $1.06 per share on revenue of $9.8 billion, up 2% from the same period a year ago. That was better than expected, Wall Street having forecast a profit of a dollar a share on revenue of $9.77 billion.
Oracle executives told analysts in a conference call that its cloud services were in more demand this year thanks to the COVID-19 pandemic, which has forced many corporate employees to work from home. ....

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