|Bid||48.82 x 700|
|Ask||50.10 x 900|
|Day's Range||48.76 - 49.31|
|52 Week Range||37.62 - 51.85|
|PE Ratio (TTM)||22.29|
|Dividend & Yield||0.76 (1.56%)|
|1y Target Est||N/A|
Oracle Corp. is starting to see the positive results of remaking its sales force as it confronts longstanding questions from Wall Street about the software company’s commitment to cloud computing.
Recently, I spoke by phone with Stan Swete, the chief technology officer of Workday (WDAY), the cloud computing company that competes with Oracle (ORCL) and other traditional enterprise software vendors. The conversation was prompted by my having noticed a comment by Oracle’s founder, chairman, and CTO, Larry Ellison, back in September, during Oracle's annual analyst day meeting, regarding Workday and its technology. Ellison, who is rather obsessed with defeating Workday, more so than he seems to care about defeating Salesforce.com (CRM), chided Workday back in September for what he said was their attempt to build their own database: They [Workday] decided not only were they going to build an HCM suite which they did, they are going to also build an ERP suite, much bigger job, 10 times bigger job, easily, but they are going to build their own database.
While hardware peers are seeing heavy sales pressure, many enterprise software giants are doing just fine as businesses learn to love the cloud.