Oracle Stock Jumps 12% as Cloud Revenues Grows 19% Q4 2022
(Oracle) Oracle stock rose more than 12% on Tuesday as the company reported total revenue of $11.8 billion in the fourth quarter of 2022. The revenue was up 5% from…
Oracle Eyes a $30B Deal for Cerner to Push Into Healthcare Information Technology
(WSJ) Oracle is closing its largest-ever $30 billion deal for healthcare information technology group Cerner as it makes inroads into the booming industry. The deal for Cerner marks Oracle’s inroads…
Oracle Jumps After Reporting 6% Revenue Increase in the Second Quarter of 2022
(Oracle) Shares of Oracle Corporation surged more than 10% on Friday after the company announced 2022 second-quarter revenue of $10.4 billion, up 6% from the prior year. Oracle’s cloud services…
SAP Closes up 4.8% on News Google will Adopt its Financial Software
SAP shares closed up 4.8% on Monday after news emerged Google will stop using Oracle and adopt its internal financial software in the coming weeks, reports CNBC. There is no…
U.S Supreme Court Finds no Copyright Infringement by Google on Oracle’s Java
U.S Supreme Court on Monday ruled in favor of Alphabet Inc.’s Google in a multibillion-dollar copyright battle with Oracle Corp., according to the CNBC. The 6-2 opinion ruling overturned a…
Oracle Tumbles on Lower Earnings Guidance
Oracle shares fell 6% on Wednesday after a guidance of $1.20 to $1.24 earnings per share and 5% to 7% revenue growth in Q4, according to the company’s press release.…
The U.S. close to block TikTok and WeChat from Sep. 20th – Commerce Department
In response to President Trump's order, the Department of Commerce announced to put a ban on WeChat and TikTok transactions from 20th Sep. To prohibit and safeguard the national security…