{{ currentBoardShortName }}
  • Markets
  • Indices
  • FX
  • Energy
  • Metals
Markets
As of: {{timeStamp.date}}
{{timeStamp.time}}

Markets

{{ currentBoardShortName }}
  • Markets
  • Indices
  • FX
  • Energy
  • Metals
{{data.symbol | reutersRICLabelFormat:group.RICS}}
 
{{data.netChng | number: 4 }}
{{data.netChng | number: 2 }}
{{data | displayCurrencySymbol}} {{data.price | number: 4 }}
{{data.price | number: 2 }}
{{data.symbol | reutersRICLabelFormat:group.RICS}}
 
{{data.netChng | number: 4 }}
{{data.netChng | number: 2 }}
{{data | displayCurrencySymbol}} {{data.price | number: 4 }}
{{data.price | number: 2 }}

Latest Videos

{{ currentStream.Name }}

Related Video

Continuous Play:
ON OFF

The information you requested is not available at this time, please check back again soon.

More Video

Dec 17, 2018

Oracle sales meet estimates amid challenging cloud transition

Oracle

Security Not Found

The stock symbol {{StockChart.Ric}} does not exist

See Full Stock Page »

Oracle Corp.’s (ORCL.N) shares rose on a strong sales forecast, signaling the world’s second-largest software maker expects greater customer demand in its transition to cloud-based computing.

Revenue will increase 2 per cent to 4 pe rcent in the current quarter, holding currency exchange rates constant, with higher growth through the second half of the fiscal year, Chief Executive Officer Safra Catz said Monday in a conference call with analysts. Adjusted profit is projected at 86 cents a share to 88 cents a share in the fiscal third quarter. Analysts estimated 84 cents.

Oracle earlier reported fiscal second-quarter sales that were in line with analysts’ estimates. Shares increased about 5 per cent in extended trading.

Key Insights

Catz and Chief Executive Officer Mark Hurd have sought to move the information technology company’s 430,000 customers to internet-based software from programs housed on their corporate servers, as a way to keep up with the rapid sales growth of Amazon.com Inc.’s cloud unit, Salesforce.com Inc. and others. Sales were little changed at US$9.56 billion in the fiscal second quarter. Analysts, on average, had projected US$9.52 billion, according to data compiled by Bloomberg. Revenue from Oracle’s cloud services and license support, which includes maintenance fees for its traditional software, grew 2.7 per cent to US$6.64 billion. Oracle’s new cloud and on-premise licenses sales fell 8.5 per cent to US$1.22 billion.

Market Reaction

  • Oracle shares rose to a high of US$48.18 in extended trading after closing US$45.73. The stock has declined 3.3 per cent this year.