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Oracle Corporation (ORCL)

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  • Jan. 15, 2013, 12:00 PM
    With shares nearly priced to perfection following a big 6-month rally, SAP (SAP -4.3%) is selling off after pre-announcing light operating income and revenue (€5.06B vs. €5.12B consensus) for Q4. The report does note Hana revenue surged to nearly €200M from Q3's €83M, but software license growth of 9% Y/Y is a slowdown from Q3's 17%. Cloud subscription/support revenue nearly doubled Q/Q to €159M, but is still just 3% of total sales. EMEA software sales +8%, Americas +3%, Asia-Pac +23%. Oracle recently claimed it took share from SAP in Europe.
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  • Jan. 10, 2013, 4:03 PM
    SAP (SAP +2.9%) closes higher after announcing its core Business Suite ERP, CRM, and HR apps will now be supported by its popular Hana in-memory database. This significantly expands the addressable market for Hana, whose ability to enable real-time analytics and reporting for other SAP apps has already fueled blistering growth. Bernstein has predicted Hana support will also be extended to non-SAP apps. Oracle (ORCL) is trying to counter Hana via its costly Exadata X3 system. (more)
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  • Dec. 24, 2012, 2:25 PM
    The 17% Y/Y license revenue growth Oracle (ORCL) posted for FQ2 was fueled by a 56% increase in revenue from $3M+ transactions. That worries Macquarie's Brad Zelnick a little: though granting Oracle's acquisition spree makes bigger deals logical, he cautions they "tend to be lumpier, more difficult to comp over time, and can skew seasonal trends." Zelnick also asks if fiscal cliff worries led to a flurry of deal activity. Separately, an analytics software exec wonders if the Eloqua deal will fail due to clashing cultures.
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  • Dec. 21, 2012, 9:42 AM
    Eloqua (ELOQ -0.4%) has only a 10% chance of receiving a bid that tops Oracle's (ORCL) $23.50/share offer, says Pac Crest. Shares closed at $23.66 yesterday, but are down to $23.51 in early trading. The firm thinks Eloqua rival Responsys (MKTG), customer reviews/engagement platform Bazzarvoice (BV), and video hosting/distribution platform Brightcove (BCOV) could also be M&A targets. (Salesforce)
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  • Dec. 20, 2012, 6:33 PM
    Salesforce (CRM) might respond to Oracle-Eloqua by making a cloud marketing purchase of its own, thinks BMO's Karl Keirstead. He views the deal as a "modest net negative" for Salesforce, believing it will make it a little tougher to eat away at Oracle's (ORCL) traditional Siebel CRM software base. Startups Marketo and HubSpot are named as potential Salesforce targets - both compete with Eloqua, and would complement Salesforce's Marketing Cloud offerings. (previous)
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  • Dec. 20, 2012, 10:13 AM
    ExactTarget (ET +4.5%) is rallying on news of Oracle's (ORCL +0.3%) deal to acquire cloud marketing rival Eloqua (ELOQ +31.1%). Oracle's purchase comes a few months after it snapped up social media marketing plays Vitrue, Collective Intellect, and Involver. The purchase could allow Oracle to offer a more comprehensive marketing solution (for now, anyway) than Salesforce.com (CRM), which (relying on Buddy Media) recently launched its social media-focused Marketing Cloud suite. GigaOm notes Eloqua has 1,200 customers for Oracle to cross-sell to.
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  • Dec. 20, 2012, 8:07 AM
    Oracle (ORCL) purchases cloud marketing software provider Eloqua (ELOQ) for $23.50/share, about $871M. Eloqua shares are halted premarket. They closed last night at $17.92. (PR)
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  • Dec. 19, 2012, 11:31 AM
    Some enterprise software names are rallying in the wake of Oracle's (ORCL +3.4%) FQ2 beat, which was fueled by strong software license sales. VMW +3.7%. WDAY +2.9%. SPLK +2.6%. INFA +2.2%. JIVE +3.5%. Also, Mellanox (MLNX +4.9%) is getting a lift from the strong performance of Oracle's engineered systems business. Oracle noted on its earnings call its app license growth was north of 30%. Goldman estimates total license growth received a 600 bps boost from acquisitions, but is still impressed.
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  • Dec. 18, 2012, 5:21 PM
    Oracle (ORCL) guides on its FQ2 call (webcast) for FQ3 revenue growth of 1%-5% Y/Y and EPS of $0.64-$0.68, in-line with a consensus for 4.3% growth and $0.66. New software license/cloud subscription growth is expected to be anywhere from 3%-13%, and hardware product sales flat to -10% (a decent improvement, though easier comps help). Engineered systems unit bookings rose 70% Q/Q, and Larry Ellison claims share was gained against SAP in Europe. Shares +1.8% AH. (FQ2 results: I, II)
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  • Dec. 18, 2012, 4:25 PM
    More on Oracle: Another $3B in buybacks lifted EPS. New software license/cloud subscription sales +17% Y/Y, a nice improvement from FQ1's +6%. License update/product support +7% (+3% prior). Hardware product sales still ugly at -23% (-24% prior). High-margin services revenue -5% (-6% prior). Opex -1%, below revenue growth of 3%. Headcount up by 1.3K to 117.2K. Americas sales +6% and Asia-Pac +8%, EMEA a weak spot, -2%. ORCL +1.7% AH. CC at 5PM ET (webcast), expect guidance and the usual Larry Ellison theatrics. (PR)
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  • Dec. 18, 2012, 4:22 PM
    Oracle (ORCL): FQ2 EPS of $0.64 beats by $0.03. Revenue of $9.09B (+3% Y/Y) beats by $60M. Shares +1.4% AH. (PR)
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  • Dec. 18, 2012, 9:40 AM
    H-P (HPQ -0.6%) opens lower after Topeka's Brian White, best known for praising all things Apple, downgrades shares to Sell in response to their rally. H-P's product line issues, a weak IT spending environment, and Cisco and EMC's ambitions to become broader IT solutions providers are named as concerns. White also notes H-P's European exposure (EMEA was 36% of FQ4 sales), and says his firm believes "IT spending in the region has deteriorated further over the past few weeks." (yesterday)
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  • Dec. 18, 2012, 7:58 AM
    Oracle (ORCL) is due to release its FQ2 results after the bell, with analysts expecting that EPS rose to $0.61 from $0.54 and that revenue edged up 2.5% to $9.03B, helped by a strong increase in software-license revenue. Pacific Crest Securities has "heard about more large deals than we have in the recent past," although JMP Securities says the "hardware business (Sun) in the U.S. may have again been light."
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  • Dec. 18, 2012, 12:10 AM
    Notable earnings after Tuesday’s close: ORCL
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  • Dec. 17, 2012, 5:35 PM
    Notable earnings after Tuesday’s close: ORCL
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  • Dec. 13, 2012, 10:54 AM
    Oracle (ORCL) remains as acquisition-hungry as ever. Its latest target is DataRaker, developer of a "cloud-based analytics platform" (two buzzwords in there) for utilities trying to leverage big data (another buzzword) with the help of information from smart meters. IBM has also bet big on utility analytics, via its Smart Grid and IOC businesses. Separately, Oracle has announced an update to its RightNow cloud customer support platform, which competes with Salesforce's Service Cloud.
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Company Description
Oracle Corporation develops, manufactures, markets, hosts and supports database and middleware software, application software, cloud infrastructure, hardware system including computer server, storage and networking products and related services.
Sector: Technology
Country: United States