|Bid||0.00 x 1000|
|Ask||0.00 x 4000|
|Day's Range||52.35 - 53.20|
|52 Week Range||42.40 - 60.50|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||17.31|
|Earnings Date||Dec 16, 2019 - Dec 20, 2019|
|Forward Dividend & Yield||0.96 (1.71%)|
|1y Target Est||56.47|
(Bloomberg) -- Adobe Inc. gave a revenue forecast for the current period that fell short of Wall Street estimates, signaling slower sales growth for its newer marketing products.Revenue will be about $2.97 billion in the period ending in November, the San Jose, California-based company said Tuesday in a statement. Analysts projected $3.02 billion, according to data compiled by Bloomberg.Chief Executive Officer Shantanu Narayen has made several acquisitions in the past two years for marketing and e-commerce products to boost revenue, which has climbed at least 20% each quarter since 2015. While the company has put more emphasis on corporate applications to compete with rivals Salesforce.com Inc. and Oracle Corp., it also recently unveiled new augmented reality and 3D-imaging technology to maintain its advantage as the leader in creative software such as its flagship product, Photoshop.Sales from Adobe’s experience cloud division, which includes marketing, analytics and e-commerce tools, are projected to increase 23% in the current period after climbing 34% in the fiscal third quarter. Executives said products gained from its 2018 acquisition of Marketo aren’t growing as fast as anticipated. Adobe plans to invest more money to boost sales in the unit, according to prepared remarks from Chief Financial Officer John Murphy.Murphy said Adobe also has had challenges generating bookings for its Analytics Cloud, which sits atop a new Experience Platform meant to connect clients’ data. The company believes the ongoing global introduction of the software platform will lift revenue, he said.Adobe’s shares declined about 3% in extended trading after closing at $284.69 in New York. The stock has climbed 26% this year after a 29% gain in 2018.Profit, excluding some items, will be $2.25 per share in current quarter, the company said. Analysts estimated $2.30 a share.In the period ended Aug. 30, sales jumped 24% to $2.83 billion from a year earlier. Adjusted profit was $2.05 a share. Analysts projected profit of $1.97 a share on revenue of $2.82 billion.Sales in the creative cloud division, which includes Photoshop, jumped 22% to $1.96 billion in the quarter and are projected to increase 20% in the current period.(Updates with additional details on experience cloud’s slower growth in fifth paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
SAN FRANCISCO, Sept. 17, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- Demonstrating its leadership and vision in the Cloud ERP market, Oracle today announced the latest updates to Oracle Enterprise Resource Planning (ERP) Cloud and Enterprise Performance Management (EPM) Cloud. "Oracle continues to extend its lead in the Cloud ERP market with powerful new innovations to support the changing demands placed on finance and operations teams," said Rondy Ng, senior vice president, Oracle Applications Development. "Integrating intelligent assistants and machine learning capabilities into Oracle ERP Cloud enables customers to reduce the number of mundane – but important – tasks for their employees.
SAN FRANCISCO, Sept. 17, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- To help organizations attract the best talent and meet evolving employee expectations, Oracle today announced a series of new features and machine learning capabilities within Oracle Human Capital Management (HCM) Cloud. To attract and retain talent amid record low unemployment and skyrocketing employee expectations, HR teams are under pressure to rethink traditional practices and deliver new workplace experiences. At the same time, HR leaders need to streamline time-consuming processes so they have the flexibility to react quickly to changing business needs and drive meaningful outcomes.
Updates across Oracle CX Cloud help brands unify customer data, personalize interactions and win more business SAN FRANCISCO , Sept. 17, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- To help brands ensure ...
SAN FRANCISCO, Sept. 17, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- To help organizations create experiences that build, protect, and differentiate their brands, Oracle today announced powerful new updates to its enterprise-class customer data management (CDP) platform. Oracle CX Unity provides B2B and B2C brands with a complete customer intelligence platform for managing all their customer data.
SAN FRANCISCO, Sept. 17, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- To help organizations plan and execute more efficient and agile supply chain operations, Oracle has expanded Oracle Supply Chain Management (SCM) Cloud with new collaboration, integration, and digital assistant capabilities. The latest updates to Oracle SCM Cloud include the introduction of Oracle Business Network, a B2B network, and a new digital assistant for supply chain.
SAN FRANCISCO, Sept. 17, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- Titan International, Inc., a leading global manufacturer of off-highway wheels, tires, assemblies and undercarriage products, has started moving its core business and manufacturing processes to Oracle Cloud Applications. With Oracle Cloud Applications for finance, supply chain and manufacturing, Titan International will be able to take advantage of an integrated suite of applications to break down silos, quickly and easily embrace the latest advancements in machine learning and Internet of Things technology, and improve user engagement, collaboration and performance.
SAN FRANCISCO, Sept. 17, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- Building on Oracle and Microsoft's cloud interoperability partnership, Oracle today announced the availability of an integration between Oracle Digital Assistant and Microsoft Teams. Enterprise customers can now access Oracle Cloud Applications through an AI-powered voice experience in Teams.
Now, enterprise customers can use voice commands to communicate with their enterprise applications to drive desired actions and outcomes, enriching the user experience with conversational AI, simplifying interactions and improving productivity. "Enterprises are demanding an AI-powered voice assistant that understands their specific vocabulary and enables naturally expressive interactions for its users," said Suhas Uliyar, vice president, AI and Digital Assistant, Oracle.
SAN FRANCISCO, Sept. 17, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- Continuing its aim to transform all organizations into data- and insight-driven experts, Oracle today announced availability of its first Oracle Analytics for Applications offering, designed for the Fusion Cloud enterprise resource planning applications, Oracle ERP Cloud, that companies use to run financial processes. Oracle Analytics for Fusion ERP provides line-of-business users and decision makers with personalized analytics and improved cross line-of-business analytics. Built on top of one of the most advanced analytics platforms, Oracle Analytics Cloud, and powered by the industry's first autonomous database, Oracle Autonomous Data Warehouse, Oracle Analytics for Fusion ERP delivers integration with Oracle ERP Cloud, a pre-built data pipeline, data model and best practice KPIs.
Oracle (ORCL) is strategically expanding Autonomous Database portfolio and enhancing functionalities of cloud-based applications, which is encouraging adoption.
Oracle's (ORCL) partnerships with the likes of Accenture and Microsoft are expected to aid the company in expanding cloud-base clientele.
Oracle Corp. has had a wild ride during the last week, just prior to the opening of its big OpenWorld conference in San Francisco’s Moscone Center on Monday. The Redwood City-based company experienced a drop in its stock that coincided with the announcement that co-CEO Mark Hurd was taking a medical leave of absence and the early release of Oracle’s quarterly earnings, where the company reported earnings per share of 63 cents, up 11 percent year over year, with total revenues at $9.2 billion. Among its new offerings, Bloomberg reports that Oracle founder, chairman and Chief Technology Officer Larry Ellison took to the stage to unveil a new Linux-based operating system that runs autonomously, part of a set of autonomous products intended to help the company as it transitions into cloud markets.
REDWOOD SHORES, Calif., Sept. 17, 2019 /PRNewswire/ -- Oracle (NYSE: ORCL) today announced that it will hold its Financial Analyst Meeting at Oracle OpenWorld, Thursday, September 19 , 2019. Oracle's ...
(Bloomberg) -- Oracle Corp. unveiled an operating system that runs without the need for human oversight, part of a raft of new software tools meant to ease the company’s rocky transition to cloud computing.The operating system expands Oracle’s line of autonomous products beyond databases, the company’s flagship software. Chairman Larry Ellison announced the new Linux-based product Monday during remarks at OpenWorld, Oracle’s annual user conference in San Francisco.“If you eliminate human error in autonomous systems, you eliminate data theft,” Ellison said on stage. The feature makes Oracle’s products more secure than those sold by cloud leader Amazon Web Services, he said.Ellison said the operating system, which the company’s Autonomous Database runs on, will update itself without any downtime.The world’s second-largest software maker has sought to revive sales growth after years of almost stagnant revenue. Oracle hopes that a lineup of “self-driving” programs could help differentiate the company’s offerings against products from Amazon.com Inc. and Microsoft Corp. Those companies are the top two in the market to rent storage and computing power, which is projected to reach almost $39 billion in 2019. The tools may also entice longtime Oracle customers to upgrade their technology to take advantage of artificial intelligence and machine learning capabilities.Oracle disclosed last week that Mark Hurd, one of the company’s two chief executive officers, would take a leave of absence to treat an unspecified illness. Ellison and Oracle’s other CEO, Safra Catz, said they would fill in for Hurd, who has overseen the company’s sales and marketing efforts.The Redwood City, California-based company also announced a variety of changes and new programs to bolster its partner ecosystem:Oracle unveiled an agreement with VMware Inc. to bring virtualization software to Oracle’s cloud, similar to deals VMware has signed with Microsoft and Google.Customers will be able to buy software made by other companies in the Oracle Cloud Marketplace, which may help company partners including Cisco Systems Inc. and Palo Alto Networks Inc.Oracle also said it expanded a relationship with cybersecurity company McAfee Inc. to bring its security incident software to Oracle’s infrastructure cloud.Ellison said Oracle would offer a free version of its Cloud Infrastructure, giving developers, students and others perpetual access to the company’s autonomous database, computing and storage.The company plans to launch 20 additional cloud data-center hubs, called “regions,” by the end of 2020. Ellison said the company would have more regions around the world than AWS.Oracle will let customers run the autonomous database in their own data centers next year, and unveiled new servers with updated memory components from Intel Corp.To contact the reporter on this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- Oracle today announced major new innovations across its data management portfolio that make it easier, faster, and safer for customers to run their mission critical workloads everywhere – in the cloud, on-premises, and via Exadata Cloud at Customer. "Oracle's passion in helping customers solve tomorrow's problems through technological investment and innovation is unparalleled," said Andrew Mendelsohn, executive vice president, database server technologies, Oracle. Expands Autonomous Database Capabilities — Along with launching four new Cloud regions across four continents in a single month, Oracle continues to expand the autonomous capabilities of its self-driving database to help meet the needs of enterprise customers who want to move their mission-critical workloads to the cloud.
Oracle Corp and VMware Inc on Monday announced a deal designed to resolve years of tension over how Oracle handles technical support for VMware users and make it easier for them to move to Oracle's cloud computing service. Oracle is competing against Amazon.com Inc and Microsoft Corp to offer cloud services, where businesses use Oracle's data centres to handle their computing needs. In recent years, cloud providers have worked to woo large businesses that still run their own data centres to move some or all of that work to the cloud.
11880.com, AGEA, Arlington Orthopedics, AsiaPay, Beker/Socialand, CERN, Data Intensity, Drop Tank, Henry Ford Health System, Impulse Logic, Intive, I.Z.S.M. Portici, JASCI Software, Kingold, MESTEC Limited, Net Insight, OUTFRONT Media, Patterson Advertising Reports, SKY Brasil, TaylorMade Golf, Telecom Fiji and Viscosity are among the many organizations using the world's first self-driving database to move mission-critical workloads to the cloud. Many of the customers that have deployed Oracle Autonomous Database would not have considered using Oracle database technology in the past.
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- Oracle today marked a major milestone in the company's autonomous strategy with the availability of Oracle Autonomous Linux. Oracle Autonomous Linux, along with the new Oracle OS Management Service, is the first and only autonomous operating environment that eliminates complexity and human error to deliver unprecedented cost savings, security, and availability for customers. With Oracle Autonomous Linux, customers can rely on autonomous capabilities to help ensure their systems are secure and highly available to help prevent cyberattacks.
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- To support its customers around the world, Oracle today announced that it plans to launch 20 new Oracle Cloud regions by the end of 2020, for a total of 36 Oracle Cloud Infrastructure regions. This expansion includes regions in new countries and dual, geographically separated regions in the U.S., Canada, Brazil, U.K., EU, Japan, South Korea, Australia, India, UAE, Saudi Arabia, Israel, and new government regions in the U.K. and Israel. In addition, Oracle is announcing updates to its roadmap for its interconnect with Microsoft Azure.
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- Oracle today announced that it is expanding its security portfolio with new cloud services designed to automatically help protect cloud workloads and data from risks posed by misconfigurations and cyber threats. The three new cloud services, including Oracle Data Safe, Oracle Cloud Guard and Oracle Maximum Security Zones provide centralized security configuration and posture management, as well as automated enforcement of security practices.
Oracle Corp and VMware Inc on Monday announced a deal designed to resolve years of tension over how Oracle handles technical support for VMware users and make it easier for them to move to Oracle's cloud computing service. Oracle is competing against Amazon.com Inc and Microsoft Corp to offer cloud services, where businesses use Oracle's data centers to handle their computing needs. In recent years, cloud providers have worked to woo large businesses that still run their own data centers to move some or all of that work to the cloud.
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- Oracle today announced the availability of its Generation 2 Exadata Cloud at Customer service and previewed Oracle Autonomous Database Cloud at Customer. Introduced three years ago, Oracle Exadata Cloud at Customer is designed to help organizations easily move business critical database workloads to a cloud architecture and remove the obstacles to cloud adoption. With Gen 2 Exadata Cloud at Customer, Oracle continues to deliver on its pioneering vision of providing database cloud services on customers' premises for those who cannot move data to the public cloud due to business, regulatory, or network latency requirements.