Connect with us

Hi, what are you looking for?

Jewish Business News


Oracle’s Acquisition of Micros Systems May Create Competitive Edge

Micros Systems

Oracle closed down 2.3% on Thursday after reporting earnings with lower than expected guidance. Management guided 0-4% revenue growth for Q2 compared to the street’s expectations of 4.8% and earnings per share in the range of $0.60-$0.70 compared to analyst targets of $0.74.

Oracle’s management said the cause for the drag on revenues and earnings was the transition it has made from perpetual software licenses to a subscription model. However, it is confident that the recent acquisition of Micros Systems could add $15 billion in revenue for the next 12 months. Oracle also pointed to strength in its SaaS and PaaS subscription businesses.

The company has faced significant competition in the area of cloud computing from Salesforce and SAP. Oracle bulls think that once the transition to subscriptions has been completed and the $5.3 billion Micros Systems acquisition is integrated, Oracle may have some upside.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...


Now Platika joins and elite club of $10 billion plus Israeli firms.

cialis cialis satış