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Oracle sees 2Q profits rise 18%
Oracle Corp. reported its second-quarter results which exceeded analysts’ deepest expectations. According to data, Oracle Corp. saw its profit increase approximately 18 percent in the period. In these three months from September to November, companies spent more on software and other technology, thereby leading to Oracle Corp.’s better-than-expected results. Investors were not only surprised with the second-quarter results as the business software maker announced that it projected that its hardware business was to be back on track in the third quarter of the year.
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Oracle Corp’s Larry Ellison looks to take over AEG Empire
Oracle Corp.’s Larry Ellison, who is well known for his rich taste in some of the finest things in life, is now set to take over the empire of a fellow billionaire in the Anschutz Entertainment Group auction. According to the sources close to him, Oracle Corp.’s Larry Ellison is absolutely intrigued by the multibillion dollar worth empire of sports and entertainment.
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Oracle Corp. revenue drops and misses estimates
Oracle Corp. has published its fiscal first-quarter profit that missed analysts’ estimates as company’s sales of computer hardware dropped for a sixth period. According to released data, Oracle Corp.’s quarterly profit grew by 11 percent, yet the noticeably weaker sales showed the slowdown in technology spending.
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IBM to Debut New Mainframe in Face of Shrinking Market
On Tuesday, IBM is supposed to launch the latest iteration of its ever-popular mainframe computer which now comes with security upgrades and data analytics capabilities even as it makes an effort to reduce the steady fall of the company in the current slow state of the market for advanced business computers.
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EBay scores over Amazon. Acquires GSI for $2.4-billion
EBay Inc., one of the most used e-commerce sites world-wide, is all set to become bigger and better by taking over GSI Commerce Inc. …
