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Oracle Co. (ORCL) Upgraded to "Hold" by Zacks Investment Research

2016-01-17 17:54:38| Telecom - Topix.net

According to Zacks, "Oracle posted mixed second quarter fiscal 2016 results wherein earnings of $0.59 beat the Zacks Consensus Estimate by $0.02 but revenues of $8.99 billion missed the same. The company's continuing transition from licensing, where revenues are recognized upfront, to a cloud subscription model where it is realized over the years, will hurt its top line in the near term.

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Oracle to hire 1,400 for cloud sales expansion in EMEA

2016-01-14 17:00:00| Telecompaper Headlines

(Telecompaper) Oracle has announced a Europe, Middle East and Africa (EMEA) recruitment drive to hire 1,400 new cloud sales professionals. The new roles will be based in six locations: Amsterdam (The Netherlands); Cairo and Dubai (Middle East); Dublin (Ireland); Malaga (Spain) and Prague (Czech Republic). Oracle said it is looking for recruits with a range of experience from across the EMEA region, from highly motivated sales professionals with two to three years' experience to highly experienced senior sales professionals. As well as increasing its cloud sales workforce Oracle will be investing in two new cloud sales centres, in Amsterdam and Cairo, and new offices opening this year in Dubai, Dublin and Prague. Oracle's cloud technologies range from secure computing infrastructure to enterprise cloud applications. Over the past six months, Oracle said it added nearly 1,500 new software as a service (SaaS) customers and more than 2,100 platform as a service (PaaS) customers.

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Woodstock Sells 6,512 Shares of Oracle Co.

2016-01-13 12:00:22| Telecom - Topix.net

Woodstock cut its stake in shares of Oracle Co. by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.

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