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cloud software

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.

IBM to Spin Off Infrastructure Unit

The move allows it to focus on its hybrid cloud business.

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.

Veteran CFO’s Latest IPO Targets ‘Huge Market’

The third company Barry Zwarenstein has taken public, Five9, plants its stake in cloud-based call centers.

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