Key Developments: Oracle Corp (ORCL.O)
34.23USD
23 May 2013
$0.11 (+0.32%)
$34.12
$33.95
$34.41
$33.86
20,442,625
25,695,581
$36.43
$25.84
Latest Key Developments (Source: Significant Developments)
Oracle Corp Comments On Q4 2013 Revenue Guidance; Issues Q4 2013 EPS Guidance In Line With Analysts' Estimates-Conference Call
Oracle Corp announced that for the fourth quarter of 2013, it expects total revenue growth on a GAAP and non-GAAP basis is expected to range from negative 1% to positive 4% in constant dollars and US dollars. Non-GAAP EPS is expected to be somewhere between $0.85 and $0.91, both US dollars and in constant dollars. And GAAP EPS is expected to be somewhere between $0.72 to $0.78, in both US and constant dollars. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $11.52 billion and EPS of $0.88 for the fourth quarter of 2013. Full Article
Oracle Corp To Buy Acme Packet Inc
Acme Packet Inc announced that it has entered into an agreement to be acquired by Oracle for $29.25 per share in cash representing a fully diluted equity value of $2.1 billion. The Board of Directors of Acme Packet has unanimously approved the transaction. The transaction is expected to close in the first half of 2013. Full Article
FAIR Health Selects Oracle Corp's Oracle Exadata Database Machine And Oracle's Sun ZFS Storage Appliance
Oracle Corp announced that FAIR Health has selected the Oracle Exadata Database Machine with a cluster of Oracle's Sun ZFS Storage 7420 appliances for backup to support its database of more than 15 billion claims. An additional Sun ZFS Storage Appliance Full Article
Oracle Corp Updates Java, Security Expert Says It Still Has Bugs-Reuters
Reuters reported that Oracle Corp released an emergency update to its widely used Java software for surfing the Web on Sunday, days after the U.S government urged PC users to disable the program because of a bug it said made computers vulnerable to attack by hackers. Java security expert Adam Gowdiak, who has discovered several bugs in the software over the past year, said that the update from Oracle leaves unfixed several critical security flaws. Oracle said on its security blog on Sunday that its update fixed two vulnerabilities in the version of Java 7 for Web browsers. Full Article
Oracle Corp Enters Into Agreement To Acquire Eloqua Inc
Oracle Corp announced that it has entered into an agreement to acquire Eloqua Inc, provider of cloud-based marketing automation and revenue performance management software for $23.50 per share or approximately $871 million, net of Eloqua`s cash. The Board of Directors of Eloqua has unanimously approved the transaction. The transaction is expected to close in the first half of 2013, subject to Eloqua stockholder approval, certain regulatory approvals and other customary closing conditions. Full Article
Oracle Corp Acquires DataRaker
Oracle Corp announced that it has entered into an agreement to acquire DataRaker, a provider of a cloud-based analytics platform that enables electric, gas and water utilities to leverage vast amounts of data to optimize operational efficiency and improve the customer experience. Financial terms were not disclosed. Full Article
Oracle Corp Accelerates Payment Of Three Quarters Of Dividends
Oracle Corp announced that it has declared an accelerated second, third and fourth quarter cash dividend totaling $0.18 per share of outstanding common stock. This accelerated dividend will be paid to stockholders of record as of the close of business on December 14, 2012, with a payment date of December 21, 2012. Full Article
Oracle Corp Acquires Instantis
Oracle Corp announced that it has entered into an agreement to acquire Instantis, provider of cloud-based and on-premise project portfolio management (PPM) solutions. Terms of the agreement were not disclosed. Full Article
Adventist Health System Selects Oracle Corp for New Enterprise Resource Planning and Enterprise Performance Management Environment
Oracle Corp announced that Adventist Health System, a not-for-profit health care organization supporting 43 campuses across the United States, has selected Oracle applications and technology as the foundation for a new integrated Enterprise Resource Planning (ERP) and Enterprise Performance Management (EPM) environment. The health care system will deploy Oracle's PeopleSoft FinancialManagement, Oracle's PeopleSoft Human Capital Management and Oracle's PeopleSoft Supply Chain Management applications, Oracle Fusion HR Analytics, Oracle Fusion Financial Analytics, and Oracle Fusion Procurement and Spend Analytics, as well as Oracle Database 11g and Oracle Hyperion Performance Management Applications. Full Article
Oracle Corp Prices $5.0 Billion Of Investment Grade Notes
Oracle Corp announced the pricing of its sale of $2.5 billion of 1.200% Notes due 2017 (the 2017 Notes) and $2.5 billion of 2.500% Notes due 2022 (the 2022 Notes). The offering is expected to settle on October 25, 2012. The 2017 Notes will bear interest at the rate of 1.200% per year and the 2022 Notes will bear interest at the rate of 2.500% per year. Interest will be payable semi-annually on April 15 and October 15 for each of the 2017 Notes and the 2022 Notes, commencing on April 15, 2013. Oracle intends to use the net proceeds from the offering for general corporate purposes, which may include stock repurchases, future acquisitions and repayment of indebtedness, including repayment of its 4.95% senior notes due April 2013. The offering is being made through an underwriting syndicate led by Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBS Securities Inc. and Wells Fargo Securities, LLC. Full Article
Oracle Financial to raise up to $181 mln through share sale
May 22 - Oracle Financial Services Software Ltd , majority owned by Oracle Corp, plans to raise as much as 10 billion rupees ($180.9 million) through a share sale to institutional investors.
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