Fusion and NetSuite Cloud Applications Now Account for 30% of Oracle Revenue

Software giant Oracle reported mixed fiscal first quarter earnings after the close Monday missing on earnings and beating on revenue. New acquisition Cerner contributed $1.4 billion in revenue during the quarter. $ORCL benefited from Fusion and NetSuite cloud applications sales with competition on two main fronts, $AMZN Cloud infrastructure and $CRM platform database. Revenue rose 18% to $11.45 billion, beating analysts’ expectations of $11.44 billion. Cloud revenue grew 45% to $3.6 billion. Oracle’s two cloud businesses now account for more … Continue reading “Fusion and NetSuite Cloud Applications Now Account for 30% of Oracle Revenue”

Zendesk Closes $10.2 billion All-cash Acquisition After Soared Over 60 percent on Buyout Deal Talk

Zendesk closed a $10.2 billion all-cash acquisition deal with a group of buyout firms led by Hellman & Friedman LLC and Permira as rumored Thursday after market. Under the terms of the agreement, Zendesk stockholders will receive $77.50 a share, a roughly 34% premium to Thursday’s closing price of $57.95. Premarket $ZEN soared as high as $91, the stock had soared after hours Thursday after the WSJ reported that it was “close to a deal with a group of buyout … Continue reading “Zendesk Closes $10.2 billion All-cash Acquisition After Soared Over 60 percent on Buyout Deal Talk”