|Bid||54.85 x 1200|
|Ask||55.20 x 3200|
|Day's Range||54.85 - 55.69|
|52 Week Range||48.66 - 60.50|
|Beta (5Y Monthly)||1.12|
|PE Ratio (TTM)||17.48|
|Earnings Date||Mar 11, 2020 - Mar 15, 2020|
|Forward Dividend & Yield||0.96 (1.73%)|
|Ex-Dividend Date||Jan 06, 2020|
|1y Target Est||56.15|
This group of 200 members is calling on other independent software makers to join their cause in fighting CRM suite makers that require customers to use only software tools in their suite.
(Bloomberg) -- When Salesforce.com Inc. emerged two decades ago, it lashed out at the software establishment: large companies that allegedly locked clients into dated products. Now, a coalition of newer rivals have extended that criticism to the cloud applications pioneer. Ten software upstarts kicked off a public campaign Thursday that knocks customer relationship management, or CRM, titans, including Salesforce, Oracle Corp. and SAP SE, by saying the large companies keep clients trapped in subpar software suites, potentially shutting out smaller rivals with newer technology.The “Platform of Independents” leading the effort include Segment Inc., Amplitude Inc., Outreach Inc., Pendo.io Inc. and Drift.com Inc. Some of the companies are privately held unicorns, with valuations exceeding $1 billion. Each caters to a different software niche. The campaign began with a two-page ad in Thursday’s print edition of the Wall Street Journal and includes a web page and information sessions for prospective clients. More than 190 companies co-signed the main tenet of the campaign, that CRM software “isn’t enough” to provide good customer experiences to consumers.“We, as independent software companies, have built our products with the belief that a business should never be locked into a suite, never forced to have a one-size-fits-all technology approach, and its data should never be siloed,” the companies said in a statement. “It’s time to break free of the data monopoly.”The smaller companies argue the large software makers focus more on selling bundled packages of products than serving their clients’ needs with continuous innovation. Large technology companies have come under increasing antitrust scrutiny for their business practices, including how they wield power to maintain advantages over smaller firms. Beyond panning the quality of the bigger players’ technology, the chief executive officers of the startups said their larger rivals use acquisitions to bolster their market power.“If any of these guys becomes too big, that’s a threat to all of us in this ecosystem,” said Spenser Skates, CEO of Amplitude, which helps clients understand user behavior to improve product experiences. “Salesforce bought MuleSoft, Cisco bought AppDynamics. This is continuing to happen. It’s definitely a concern.”Representatives for Salesforce, Oracle, SAP, and Microsoft didn’t immediately respond to a request for comment. Salesforce has been well served by its strategy in the CRM market. The company’s shares climbed about 19% last year. Oracle’s stock rose about 17%. Salesforce led the market for customer-management applications with 16.8% as of 2018, the last full year for which data is available, according to research firm IDC. Oracle was next with 5.7% while SAP came in third with 5.6%. Adobe Inc. and Microsoft Corp. rounded out the top five.Salesforce, founded in 1999, is the youngest company in the group. The others have been around for about four decades.“I think there’s something significantly broken that there’s been no big CRM company built in the last 10, 15, or 20 years,” Peter Reinhardt, the CEO of Segment, which helps companies compile their data about consumers, said in an interview.Reinhardt, who spearheaded this campaign, said he isn’t interested in being acquired. Rather, he wants to work more closely with his Platform of Independents peers to jointly sell packages of software solutions to clients, as a way to counter the selling advantages and software product bundles of larger companies. And Reinhardt is optimistic that a shakeup is possible in enterprise technology.“I think we have a temporarily dominant set of companies,” he said. “But I think there’s a huge opportunity for another rewrite of the CRM world.”(Updates with 2019 share performance in the eighth paragraph.)To contact the author of this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editor responsible for this story: Andrew Pollack at email@example.com, Mark MilianFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
To help customers easily move Oracle Databases to the cloud and simplify management of hybrid cloud environments, Oracle announced significant enhancements to its enterprise management platform, Oracle Enterprise Manager. The new release adds functionality that automates database migration and provides a single dashboard that improves visibility, control, and management for hybrid IT environments.
Some U.S. tech companies have a simple solution to a raft of new laws that impact their businesses: Fight them in court or interpret them in the best light possible.
Amazon.com, Inc (AMZN) looks to express its discontent over JEDI contract award to Microsoft last year by seeking a court order to temporarily block Microsoft from performing any substantial work.
Oracle Corp. has hired a new chief marketing officer away from rival Amazon Web Services, the Redwood City software giant confirmed.
(Bloomberg) -- Amazon.com Inc. named a new sales chief for its cloud unit amid growing rivalry with Microsoft Corp. and Alphabet Inc.’s Google.Matt Garman, a longtime Amazon Web Services engineering executive, will now oversee the cloud unit’s sales and marketing teams, according to a memo AWS chief Andy Jassy sent to employees on Friday. Garman will report to Jassy.AWS’s previous marketing chief, Ariel Kelman, is leaving the company to “pursue another endeavor,” Jassy said in the note. He’ll take the top marketing post at Oracle Corp., said a person familiar with the move. An AWS spokesman declined to comment, and Kelman didn’t respond to a message seeking comment. CNBC reported his move to Oracle earlier Monday.Garman last month was named to Chief Executive Officer Jeff Bezos’s strategy-setting S-team, evidence of AWS’s growing importance to the e-commerce and technology company.Garman previously ran the engineering teams responsible for Amazon’s rented computing power services, including the company’s foray into selling server racks to businesses. He joined Amazon in 2006, the year AWS launched its first major services, after finishing business school. Today, AWS is the biggest provider of rented infrastructure and data storage services; in the last 12 months the unit generated 12% of Amazon’s revenue and a majority of operating income.Rachel Thornton will take over Kelman’s duties. She, Teresa Carlson and Mike Clayville, leaders of AWS’s government and business sales groups, respectively, will report to Garman.The S-team sets the Seattle company’s corporate priorities and features a powerful contingent of AWS executives, including Jassy, Charlie Bell, who oversees core engineering efforts, and Peter DeSantis, who leads data center infrastructure teams.Amazon doesn’t comment publicly on the composition of the S-team, which is said to include about two dozen executives. The company has been criticized for a c-suite that skews whiter and more male than Amazon’s workforce and customer base.The reorganization announced Friday also included a promotion for the leader of Amazon’s machine learning efforts. Swami Sivasubramanian will report to Bell. Previously, he reported to one of Bell’s deputies, Raju Gulabani, who leads AWS’s database engineering teams.(Updates with new job for previous marketing chief.)To contact the reporter on this story: Matt Day in Seattle at firstname.lastname@example.orgTo contact the editors responsible for this story: Robin Ajello at email@example.com, Giles TurnerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Yahoo Finance speaks with Microsoft CEO Satya Nadella about the company's big JEDI contract win from the U.S. government.
Microsoft's (MSFT) Surface Laptop 3 is equipped with easy repairability features. This highlights the company's efforts toward making its gadgets more friendly to fixes.
Achieve Life Sciences, Inc. (Nasdaq: ACHV), University of Bristol, and Oracle Corporation (NYSE: ORCL) today announced the outcome of a study using Oracle's high-performance cloud infrastructure to potentially improve the speed of drug discovery and development of new treatments.
(Bloomberg) -- Secretary of State Michael Pompeo is planning to attend a private dinner on Monday with tech leaders including Oracle Corp.’s Larry Ellison, according to people familiar with the matter. The dinner, which will be held in San Francisco, comes as tensions between the U.S. and Iran run high, and days after Pompeo announced new sanctions on the country.The hope is to drum up support for the Trump administration in Silicon Valley amid the ongoing conflict with Iran, according to one of the people, all of whom asked not to be identified discussing private information.The dinner guest list includes about 15 people, many of them tech industry leaders, including Sarah Friar, the chief executive officer of Nextdoor.com Inc., Marc Andreessen, the prominent venture capitalist, and Gregory Becker, the CEO of Silicon Valley Bank, the person said.Representatives for Oracle, Nextdoor, Andreessen Horowitz and Silicon Valley Bank didn’t immediately respond to requests for comment.The dinner is set to follow appearances earlier Monday for Pompeo in Silicon Valley, including public events at the Commonwealth Club and Stanford University’s Hoover Institution.\--With assistance from Nick Wadhams and Nico Grant.To contact the reporter on this story: Sarah Frier in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Anne VanderMey, Virginia Van NattaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Far from the Australian Open, here’s what it’s like to play in pro tennis tournaments where even the champions don’t break even.
Microsoft (MSFT) is well poised to gain from digitization of retail services on the back of latest cloud-based retail services and product enhancements.
Oracle is helping retailers find their top future customers using data science. A new offering from Oracle Retail, Consumer Insights aids retailers in understanding the characteristics of their best customers then extends those traits to find similar potential customers among the petabytes of third-party consumer data in Oracle Data Cloud. This enables retailers to optimize customer acquisition campaigns with more relevant, targeted products and offers.
Oracle (ORCL) will demonstrate latest Retail platform enhancements, enabling retailers to provide customers with improved shopping experience, at NRF 2020.
Blue Nile, a leading online diamond jeweler, has chosen Oracle Cloud Applications to support its commitment to providing customers with more choices, straightforward information, and legendary service. With Oracle, Blue Nile has been able to streamline financial operations and delight customers by providing an experience as personal as the diamond they're purchasing.
Chris McGugan tells the Business Journal that he decided to join Oracle because the Redwood City software giant is in a “unique spot” to address the enterprise in the service market space.
The 2019 holiday season saw a rush of consumers taking advantage of new, more convenient options such as checking out via mobile tablets or buying-online and picking up in-store or curbside (BOPIS). But what happens when those items aren't ready as promised? Sixty-three percent of consumers will walk away from a brand forever or at a minimum consider an alternative. Enhancements in the Oracle Retail platform allow store associates to stay informed and ready to help customers anywhere in the store and inventory is easily tracked and ready for distribution, so pick-up promises are met. The result – happy customers, staff and increased same-store sales.