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Oracle Corporation (ORCL)

- NYSE
  • Sep. 17, 2014, 5:35 PM
  • Sep. 15, 2014, 7:30 AM
    • A provider of content storage management solutions that help companies mitigate, manage, and monetize large-scale media assets, Front Porch Digital helps businesses handle fast-expanding, complex volumes of digital media content like high-def films and shows, medical images and records, and real-time security-monitoring fees.
    • Terms of Oracle's (NYSE:ORCL) purchase were not disclosed.
    • Source: Press Release
    • Presentation
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  • Sep. 11, 2014, 7:08 PM
    • After moving back above the $100/share level, Apple (NASDAQ:AAPL) is back over the $600B mark in market cap, pushing it nearly $200B above Exxon Mobil (NYSE:XOM), the next largest company in the U.S.
    • XOM is still valued at more than $400B, but Google (NASDAQ:GOOG) at $397B and Microsoft (NASDAQ:MSFT) - which has surged in 2014, adding $74B in market cap to $386B - are closing the gap.
    • Berkshire Hathaway (NYSE:BRK.B) completes the top five with a $339B market cap; no other companies are worth more than $300B.
    • Rounding out the top 20 market caps: JNJ, WFC, GE, WMT, CVX, PG, JPM, FB, VZ, IBM, PFE, KO, ORCL, T, MRK.
    | 43 Comments
  • Sep. 2, 2014, 5:28 PM
    • Concur (NASDAQ:CNQR) approached SAP and Oracle (NYSE:ORCL) to "gauge their interest" in an acquisition, sources tell Bloomberg. Oracle, set to buy point-of-sale hardware vendor Micros for $5.3B, is said to have passed.
    • No details are given on SAP's reaction. Back in January, the German software giant suggested it could make another big cloud software acquisition - it already has a few under its belt. But in April, SAP, which is counting on cloud growth to offset slumping traditional license sales, stated it considers itself under no pressure to make a deal.
    • Concur has pared its AH gains: The cloud travel/expense software provider is now up 11%. Its market cap stands at $6.4B.
    • Earlier: Concur reportedly exploring sale
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  • Aug. 27, 2014, 7:21 PM
    • IDC estimates global server sales rose 2.5% Y/Y in Q2 to $12.6B. That marks a turnaround from the 2.2% drop seen in Q1, and the 4.4% drop seen in Q4. Gartner estimates sales grew 2.8%.
    • IDC declares the server market, hurt in recent quarters by system consolidation and a shift in demand towards the white-label gear beloved by Web giants (referred to by IDC as ODM Direct), is seeing "the beginning of a cyclical refresh cycle." It sees the pending launch of Intel's (NASDAQ:INTC) Grantley Xeon CPUs, along with Microsoft's plans to end Windows Server 2003 support, lifting sales into 2015.
    • Sales of x86 servers (mostly Intel-based) rose 7.8% in Q2, and now make up 78% of industry revenue. Non-x86 server sales fell 12.8%.
    • Market leader H-P's (NYSE:HPQ) share rose 40 bps Y/Y to 25.4%, with x86 growth offsetting Itanium weakness. #2 IBM's share fell 340 bps to 23.6% ahead of the sale of its x86 server ops to Lenovo; on the bright side, IBM's decline narrowed from Q1's 600 bps.
    • #3 Dell's share fell 160 bps to 16.2%. #4 Oracle's (NYSE:ORCL) grew 10 bps to 5.9%, with engineered system growth offsetting declines for older UNIX/SPARC server lines. #5 Cisco (NASDAQ:CSCO), which recently proclaimed its UCS server ops are on a $3B/year run rate, saw its share rise 140 bps to 5.8% on the back of 35% growth. Cisco should pass Oracle in a quarter or two.
    • ODM Direct vendors saw their share grow 110 bps to 6.6%. The shares of all other vendors rose 190 bps to 16.1%.
    • Related tickers: SMCI, MLNX, QLGC, ELX
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  • Jul. 31, 2014, 2:01 PM
    • Oracle (ORCL -0.8%) is buying TOA Technologies, a developer of cloud-based software for managing, interacting with, and delivering customer requests to a company's field service workers. Terms are undisclosed.
    • TOA's clients include Home Depot, Vodafone, and Dish Network; ClickSoftware (CKSW -0.3%) is among its rivals. The company's products complement Oracle's Service Cloud platform, which has its roots in the company's acquisition of cloud customer support software vendor RightNow.
    • Oracle has been busy fleshing out its CRM software portfolio in order to better compete against Salesforce (relies on partners for field service software ... for now) and SAP. The software giant bought leading cloud marketing data services firm BlueKai earlier this year, and CRM price quote software vendor BigMachines last year.
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  • Jul. 29, 2014, 1:38 PM
    • Oracle (ORCL +0.8%) has awarded Larry Ellison 3M stock options for 2014, well below the 7M he has been awarded over each of the prior 8 years. Likewise, Mark Hurd and CFO Safra Catz have seen their awards drop to 2.25M from 5M.
    • The award cuts follow mounting criticism of Oracle's executive compensation from shareholders and proxy advisers. In a non-binding vote, shareholders voted against Oracle's proposed compensation plan at last October's annual meeting.
    • Ellison still owns 25% of Oracle, a stake worth $45B at current levels.
    | 13 Comments
  • Jul. 29, 2014, 7:14 AM
    • Oracle (NYSE:ORCL) has cut back on its yearly stock grants given to its top execs, including CEO Larry Ellison and co-Presidents Mark Hurd and Safra Catz.
    • The cuts follow waves of shareholder opposition against the excessive compensation paid to the company's senior management.
    • Ellison's stock-option grants were decreased from 7M to 3M options, while Hurd's and Catz's were cut from 5M to 2.25M shares.
    | 2 Comments
  • Jul. 25, 2014, 4:52 AM
    • The European Comission has announced that EU antitrust regulators will determine whether to clear Oracle's (NYSE:ORCL) $5.3B bid to buy Micros (NASDAQ:MCRS) by August 29.
    • Oracle is looking to continue its fast-expanding cloud business through the new acquisition, and it will be the company's biggest purchase in five years.
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  • Jul. 15, 2014, 7:07 PM
    • Oracle's (NYSE:ORCL) new Big Data SQL software allows users to run joint queries across both SQL databases such as Oracle's flagship 12c, and semi-structured and unstructured data stores such as the Hadoop big data framework and NoSQL databases.
    • Hadoop and NoSQL are widely used in big data projects due to their scalability and support for a variety of data formats. The Oracle solution runs on top of the company's Big Data Appliance - 3rd-party hardware support will be added if demand is strong. The appliance runs a Hadoop distribution from Cloudera, which recently received funding from Intel at a $4.1B valuation.
    • Microsoft has also shown an interest in developing hardware/software bundles that support joint SQL/unstructured data queries. Both Microsoft and Oracle are hoping SQL databases, which still offer advantages in data consistency and complex query support, play a role in a healthy percentage of big data projects as spending on them takes off.
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  • Jul. 1, 2014, 12:29 AM
    • A week after announcing a $5.3B deal to buy Micros, Oracle (ORCL) has sold $10B in debt. Maturity dates range from 3 years to 30. 5-year notes yield just 2.3%, and 30-year notes 4.5%. The sale is the 2nd-largest dollar-denominated corporate bond offering in 2014, behind Apple's $12B April offering.
    • Aside from financing the Micros deal, there's a good chance some of the funds will be used on buybacks. Oracle spent $2B on buybacks in both the February and May quarters.
    • The software giant had $38.8B in cash/investments at the end of May (much of it offshore), and $24.2B in debt.
    | 4 Comments
  • Jun. 23, 2014, 8:16 AM
    • Earlier rumors had Micros (MCRS) going for about $5B, and final deal for $5.3B works out to $68 per share.
    • The purchase is expected to be immediately accretive to Oracle's non-GAAP earnings and to "expand over time," says Oracle CFO Safra Catz.
    • MCRS +2.2% premarket to $67.20. ORCL +0.3%.
    • Source: Press Release
    • Previously: Bloomberg: Oracle close to buying Micros for ~$5B
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  • Jun. 23, 2014, 2:02 AM
    • Oracle (ORCL) is expected to announce a $5B acquisition of MICROS Systems (MCRS) this morning. The deal values MICROS at more than $67 a share, a slight premium to its $65.77 Friday close.
    • If confirmed, the acquisition would be Oracle's largest deal since it bought Sun Microsystems for $5.6B in 2009.
    • ORCL +0.1% AH
    | 1 Comment
  • Jun. 20, 2014, 11:00 AM
    • The license growth worries that plagued Oracle (ORCL -5.7%) much of last year are back with a vengeance following yesterday's FQ4 miss, in spite of the in-line guidance that followed it.
    • Citi has cut shares to Neutral, arguing SaaS (cloud app) strength isn't reflected in earnings. Before the downgrade, the firm noted estimated total license revenue of $4.09B missed its $4.3B estimate.
    • But Oracle also has its defenders. BMO (Outperform) asserts Oracle's cloud transition efforts are still going well, and that "new product releases across the board should be a tailwind to growth."
    • The firm attributes the FQ4 miss to an apparent "thousand cuts" that include deal slippage, Asia-Pac weakness (an ongoing issue), a shift from up-front license payments to cloud subscriptions, and potential order delays ahead of Oracle's 12c database launch (previous).
    • Separately, Oracle has announced it's buying LiveLOOK, a developer of co-browsing/screen sharing tech for Web customer support apps. Terms are undisclosed.
    • Oracle, which bought cloud customer support firm RightNow in 2011, plans to integrate LiveLOOK's offerings with its Service Cloud platform. Rival LivePerson (LPSN -0.9%) recently announced a deal to buy co-browsing tech developer Synchronite.
    • Prior coverage. CC transcript.
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  • Jun. 20, 2014, 9:14 AM
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  • Jun. 19, 2014, 5:37 PM
    • Top gainers, as of 5:15 p.m.: ETE +5.2%. MACK +4.6%. SBGI +4.5%. CVT +3.5%. ITC +3.2%.
    • Top losers, as of 5:15 p.m.: ORCL -5.4%. EXL -4.1%. EOX -2.9%. NLNK -2.8%. SSE -1.8%.
    | 3 Comments
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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