Oracle Beats Estimates on Strong Cloud Results
Revenue from the Fusion and NetSuite Cloud ERP apps grew 33% and 21%, respectively, in Q2 as the shift to remote work continued.
Cloud Revenue Helps Oracle Beat Q2 Estimates
Growth in Oracle's cloud-computing business, however, still lags behind rivals such as Workday and Salesforce.
SAP Sales Jump 7% on Cloud Business Surge
Cloud subscriptions and support revenue rose 39% in Q3 but SAP is experiencing some customer resistance to its shift to the cloud.
Avalara Shares Jump On First Day Of Trading
Shares of the Seattle-based sales tax automation company soar after pricing at $24 per share on Wednesday.
Market Sees Clouds Over Oracle’s Cloud Future
The company's shares drop more than 7% after its guidance for fourth-quarter cloud revenue misses analysts' expectations.
Barracuda Networks Goes Private in $1.6B Deal
Private-equity giant Thoma Bravo cites the "increasingly prevalent, hostile, and complex threat environment" in acquiring the data security software firm.
Oracle Earnings Miss Despite Cloud Growth
The software giant reported cloud revenue rose 59% in the first quarter but the higher-margin software licensing business continues to sag.