Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Aerospace & Defense
Investing Simplified
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
Dividends
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Africa
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Nader Mousavizadeh
Lucy P. Marcus
Nicholas Wapshott
Bethany McLean
Anatole Kaletsky
Zachary Karabell
Edward Hadas
Hugo Dixon
Ian Bremmer
Lawrence Summers
Susan Glasser
The Great Debate
Reihan Salam
Frederick Kempe
Mark Leonard
Steven Brill
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Pictures
Our best science photos of 2012
The year that was in science and technology images. Slideshow
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Maya apocalypse and Star Wars collide in Guatemalan temple
18 Dec 2012
Obama named Time magazine's Person of the Year
10:46am EST
Park wins South Korea presidency, to be first woman leader
|
10:44am EST
UBS fined $1.5 billion in growing Libor scandal
|
10:51am EST
Wall Street steadies after two-day rally; Oracle gains
|
10:16am EST
Discussed
115
Connecticut gun rampage: 28 dead, including 20 schoolchildren
77
White House won’t accept new tax offer from Republican leader
71
Connecticut town’s schools locked down following shooting report
Pictures
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Tragedy in Newtown
Mourning the victims of the Sandy Hook school shooting. Slideshow
Roofless in Brazil
Thousands have joined a growing Roofless Movement who find shelter in abandoned or vacant buildings in Sao Paulo. Slideshow
Sponsored Links
Strong software sales push Oracle shares to 19-month high
Tweet
Share this
Email
Print
Related News
Oracle beats outlook, shrugs off fiscal debate
Tue, Dec 18 2012
Optimism about "cliff" boost market; financials lead
Mon, Dec 17 2012
Apple's iPhone 5 starts strong in China but shares pressured
Mon, Dec 17 2012
Wall Street succumbs to Apple's fall, "cliff" uncertainty
Fri, Dec 14 2012
Toll Brothers results indicate steady housing recovery
Tue, Dec 4 2012
Analysis & Opinion
Abe era will herald a three-digit yen
The New York Times and print pressures
Related Topics
Tech »
Hot Stocks »
Asian Markets »
The company logo is shown at the headquarters of Oracle Corporation in Redwood City, California February 2, 2010.
Credit: Reuters/Robert Galbraith
Wed Dec 19, 2012 10:41am EST
(Reuters) - Shares of Oracle Corp, the world's No. 3 software maker, rose 4 percent to their highest in 19 months on Wednesday after it forecast strong sales for next year, prompting several brokerages to raise their price targets on the stock.
The company's results often set the tone for smaller software makers, and analysts said the 17 percent jump in its quarterly software sales boded well for the industry.
Investors pay close attention to new software sales as they generate high-margin, long-term maintenance contracts and are an important gauge of a company's future profits.
"Oracle delivered strong results in a challenging environment," Susquehanna Financial Group analyst Derrick Wood said in a note to clients.
Investors are worried that corporations would postpone spending on technology because of uncertainty over the year-end deadline for Congress and U.S. President Barack Obama to reach a compromise on the looming "fiscal cliff", an automatic rise in tax rates and government spending cuts next year.
Shares of Oracle, which competes with Germany's SAP AG and Salesforce.com Inc, rose to $34.15 in early Wednesday trading on the Nasdaq.
Oracle said earlier this month it would give over $800 million back to shareholders, joining a rising number of companies accelerating dividend payments or declaring special dividends because of uncertainty surrounding the U.S. government's fiscal plans.
"(Oracle's) investments and efforts to build out its product portfolio and sales capacity are clearly starting to pay off handsomely and enable it to navigate the rough seas," Stifel Nicolaus analyst Brad Reback said.
Reback, who has a "buy" rating on the stock, raised his price target by $1 to $38.
Oracle, which was slow to embrace cloud computing -- a broad term referring to the delivery of computer services via the Internet from remote data centers -- is now trying to drive growth by promoting its suite of cloud computing products.
Corporate technology buyers like the approach because it is faster to implement and has lower upfront costs than traditional software, which businesses need to install on their own computer systems.
"Calendar 2013 is promising for Oracle thanks to a strong product cycle, market share gains, and healthy secular trends for cloud spend," FBR Capital Markets analysts said.
The brokerage, which has an "outperform" rating on the company's stock, raised its price target by $1 to $37.
"The only blemish in the quarter was on the hardware front, as the company remains focused on sunsetting uneconomical product offerings," FBR said.
The company's hardware business, which it acquired with its $5.6 billion purchase of Sun Microsystems in January 2010, continued to be sluggish, and quarterly hardware systems product sales fell 23 percent from a year earlier.
(Reporting by Sayantani Ghosh in Bangalore; Editing by Roshni Menon)
Tech
Hot Stocks
Asian Markets
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.