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Oracle Corp (ORCL.N)

ORCL.N on New York Stock Exchange

40.52USD
9 Dec 2016
Change (% chg)

$0.17 (+0.42%)
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$40.35
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Volume
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Latest Key Developments (Source: Significant Developments)

Oracle announces Pfizer's selection of Oracle cloud for clinical data management
Monday, 20 Jun 2016 08:00am EDT 

Oracle Corp :Oracle announces pfizer's selection of oracle cloud for clinical data management and trial management across its clinical trial portfolio.  Full Article

Oracle Corp posts Q4 adj. earnings per share $0.81
Thursday, 16 Jun 2016 04:00pm EDT 

Oracle Corp : Q4 FY16 SAAS and PAAS revenues were up 66 pct, and up 68 pct in constant currency . Q4 non-GAAP earnings per share $0.81 . Q4 earnings per share $0.66 . Q4 earnings per share view $0.81 -- Thomson Reuters I/B/E/S . Qtrly GAAP operating margin 34 pct versus 36 percent last year . Qtrly non-GAAP operating margin Oracle Corp 43 percent versus 45 percent last year . Board of directors also declared a quarterly cash dividend of $0.15 per share . Now expect Q1 SAAS and PAAS revenue growth to be between 75 pct and 80 pct . "expect that SAAS and PAAS hyper-growth we experienced in FY16 will continue on for next few years" . Qtrly cloud software as a service (SAAS) and platform as a service (PAAS) revenues were $690 million, up 66 pct in U.S. dollars .Qtrly cloud software as a service (SAAS) and platform as a service (PAAS) revenues were $690 million, up 66 pct in U.S. dollars.  Full Article

Oracle Corp posts Q4 adj. earnings per share $0.81
Thursday, 16 Jun 2016 04:00pm EDT 

Oracle Corp : Total Q4 revenues were $10.6 billion, down 1 pct in U.S. Dollars and flat in constant currency . Total Q4 revenues were $10.6 billion, down 1 pct in U.S. Dollars and flat in constant currency . Qtrly earnings per share was $0.66, while non-GAAP earnings per share was $0.81 . Qtrly total cloud revenues, including infrastructure as a service (IAAS), were $859 million, up 49 pct in U.S. Dollars .Q4 earnings per share view $0.81, revenue view $10.47 billion -- Thomson Reuters I/B/E/S.  Full Article

Oracle "confident" that its cloud accounting "proper and correct" -spokeswoman
Thursday, 2 Jun 2016 11:06am EDT 

Oracle Corp spokeswoman Deborah Hellinger: "We are confident that all our cloud accounting is proper and correct" . Former finance manager who sued company "worked at Oracle for less than a year and did not work in the accounting group" . Former finance manager who sued company "was terminated for poor performance", Oracle "intends to sue her for malicious prosecution" Further company coverage: [ORCL.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Oracle faces whistleblower lawsuit by ex-finance official in cloud business over accounting
Wednesday, 1 Jun 2016 05:52pm EDT 

Oracle Corp : Is sued by former senior finance manager in cloud business in whistleblower case -- court filing . The plaintiff, svetlana blackburn, says she faced retaliation for trying to blow whistle on accounting she considered unlawful . Blackburn says upper management tried to push her to "fit square data into round holes" to bolster cloud services reports . Blackburn says bosses instructed her to add millions of dollars of accruals, with no foreseeable billing data to support it . Blackburn says Oracle terminated her employment in October 2015, not long after her whistleblowing efforts began . Lawsuit accuses Oracle of violating anti-retaliation provisions of sarbanes-oxley, dodd-frank laws . Lawsuit filed in San Francisco federal court seeks punitive damages, double back pay, other remedies.  Full Article

Moody's says Alphabet's victory in code copyright case is credit positive
Friday, 27 May 2016 04:09pm EDT 

Moody's On Alphabet : Moody's says alphabet inc.'s victory in code copyright case is credit positive; ratings unchanged . Court's decision in favor of google is positive for co as it does not have to incur damages .Alphabet's ratings and outlook remain unchanged as impact of the court's decision will not change the company's credit profile.  Full Article

Jury reaches verdict in oracle versus Google trial-CNBC
Thursday, 26 May 2016 04:03pm EDT 

: Jury Reaches Verdict In Oracle Vs. Google Trial-CNBC (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780).  Full Article

Oracle Corporation buys Opower
Monday, 2 May 2016 07:59am EDT 

Oracle Corporation:Entered into a definitive agreement to acquire Opower for $10.30 per share in cash.Transaction is valued at approximately $532 million, net of Opower's cash.Board of Directors of Opower has unanimously approved the transaction. The transaction is expected to close in 2016.  Full Article

Oracle Corporation buys Textura Corp
Thursday, 28 Apr 2016 08:00am EDT 

Oracle Corp:Has entered into a definitive agreement to acquire Textura for $26.00 per share in cash.Transaction is valued at approximately $663 million, net of Textura's cash.Board of Directors of Oracle has unanimously approved the transaction. The transaction is expected to close in 2016.  Full Article

S.Korea clears Oracle Corp of anti-competitive acts after software probe - Reuters News
Tuesday, 12 Apr 2016 01:30pm EDT 

Oracle Corp:South Korea's Fair Trade Commission (FTC) said on Wednesday Oracle Corp ORCL.N did not engage in anti-competitive behaviour following a probe over its practice of packaging new software upgrades into database management service contracts.South Korea's antitrust regulator last year opened an investigation into the practice to determine whether it was using its dominant market position to shut out rivals.The U.S. company controlled 58.5 percent of the domestic database management system market as of 2014, according to the FTC, marginally lower than 59.6 percent in 2011.The regulator said on Wednesday that software upgrades and maintenance are key components of the overall service provided by Oracle, and packaging them together does not hinder competition.Such practice also did not result in any increase in prices or reduction in competition, the FTC said.Oracle was also cleared of any wrongdoing over its practice of requiring a maintenance contract for all of the U.S. firm's software used by its customers.The FTC said such a requirement was necessary to protect its intellectual property, as various patches and upgrades offered through the agreements can be easily copied and applied.Customers can also freely choose other vendors if they do not wish to sign such an agreement, the regulator said.  Full Article

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Oracle to buy internet infrastructure provider Dyn

Business software maker Oracle Corp said on Monday it would buy Dyn, a monitor of global internet performance and traffic, to allow cloud customers to optimize their infrastructure costs and increase web-driven revenue.