133.01 0.00 (0.00%)
After hours: 4:46PM EDT
|Bid||133.01 x 800|
|Ask||133.04 x 800|
|Day's Range||132.92 - 136.15|
|52 Week Range||94.81 - 136.15|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||32.14|
|Forward Dividend & Yield||1.67 (1.24%)|
|1y Target Est||143.31|
A broker working to find tenants for the 2+U skyscraper in Seattle said this year the development would be full by the time it opens this summer, and it will be, according to two commercial real estate industry sources. Experience management software company SAP Qualtrics will lease 300,000 square feet in the 38-story tower that's nearing completion at Second Avenue and University Street, said the sources, who asked not to be named to protect business relationships. Skanska Vice President of Communications Elizabeth Miller said there "are no material lease transactions to report at this time.” SAP Qualtrics has not yet responded to the Business Journal.
is not being shy about making an offensive against upstart cloud players that have eroded its market share in recent years. Shares were rising on Thursday, largely on the idea that the company can go "back to the future" and regain a great deal of its formerly dominant market share, particularly in cloud enterprise resource management (ERP) and human capital management (HCM). CEO Mark Hurd said that overall ERP and HCM annualized software-as-a-service revenue is "up in the high 20%" with Fusion cloud apps providing a significant boost to bookings and revenue.
(Bloomberg) -- Oracle Corp.’s shares climbed after the world’s second-largest software maker returned to sales growth and gave a forecast indicating the momentum may continue. For investors, the results were a reprieve amid the company’s uneven transition to cloud-based computing.Revenue increased 1.1% to $11.1 billion in the period ended May 31 from a year earlier, the Redwood City, California-based company said Wednesday in a statement. Analysts, on average, projected $10.9 billion, according to data compiled by Bloomberg. Oracle said sales will grow as much as 2% in the current period.Chief Executive Officers Safra Catz and Mark Hurd have sought to maintain Oracle’s large customer base as the company competes with a dizzying number of rivals in the cloud-computing space. The software maker’s stumbles against Amazon.com Inc. and others have spurred the company to seek help from unlikely sources. Earlier this month, Oracle announced an alliance with longtime rival Microsoft Corp., letting customers use their respective clouds.The period marked Oracle’s first year-over-year increase in total revenue since the fiscal first quarter.Oracle shares jumped about 5% in extended trading after closing at $52.68 in New York. The stock has gained 17% this year.Profit, excluding some expenses, will be 80 cents to 82 cents a share in the period that ends in August, Catz said on a conference call. The forecast is in line with Wall Street’s average estimate of 81 cents. Oracle reported an adjusted profit of $1.16 a share in the fiscal fourth quarter, compared with estimates of $1.07 a share.Pat Walravens, an analyst at JMP Securities, said Oracle’s sales and profit outlook brought relief to concerned investors.“These are small numbers but we seem to be making some progress,’’ Walravens said in an interview. “Oracle is doing a nice job on the applications side, but on the infrastructure side you’re competing against Microsoft, Amazon Web Services and the Google Cloud. That remains highly competitive.’’Larry Ellison, Oracle’s billionaire co-founder and executive chairman, said some corporate applications for the cloud are finally boosting overall growth, even as product lines like the company’s data-broker business declined.“We are focused on our star products and our star products are now driving the top line higher,” Ellison said on the call. “We have these other businesses that are melting away and we just don’t care.”Cloud license and on-premise license sales increased 12% to $2.52 billion, suggesting that Oracle is doing a better job of signing on new customers. The company said that revenue from NetSuite grew 32%, and Fusion HR and financial suites gained by the same amount. Hurd has been keen to chase growth by selling apps and set a target for attaining 50% market share to best rival SAP SE.Revenue from cloud services and license support was unchanged at $6.8 billion in the quarter, Oracle said. While that metric includes revenue from hosting customers’ data on the cloud, a large portion is generated by maintenance fees for traditional software housed on clients’ servers. The unit accounted for more than 60% of total revenue.Sales of Oracle’s servers declined 11% in the period. Catz said the company has chosen to “downsize our low-margin legacy hardware business,” which Oracle acquired when it bought Sun Microsystems.Oracle has been firing workers around the world to cut expenses. The company’s adjusted operating margin reached 47%, the highest in five years. The company’s costs related to restructuring also doubled to $168 million in the quarter compared with a year earlier.The deal between Oracle and Microsoft will allow mutual customers to connect databases on Oracle’s cloud to applications on Microsoft’s Azure cloud. The agreement signified a concession by Oracle that it won’t be able to compete against Amazon Web Services alone. AWS offers cheaper versions of the databases that make up Oracle’s core business.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, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
After its $8 billion acquisition of Qualtrics late last year, the European software giant — with North American headquarters in Newtown Square — is betting that it can fend off heavy-hitting competitors like Microsoft and Oracle by integrating its operational expertise with Qualtrics’ customer sentiment data, creating what it calls “experience management.” Since the beginning of the year, SAP has also seen departures in its top leadership, rolled out a restructuring plan affecting about 4,400 employees worldwide, set ambitious goals for boosting margins in its growing cloud business and drew the attention of activist investor Elliot Management, which invested $1.3 billion in SAP (NYSE: SAP) in April to acquire a roughly 1% stake. SAP’s global transformation is also unfolding at its Delaware County campus, where more than 3,300 employees across sales, marketing, executive leadership and other functions work every day.
The Palo Alto company was founded by a group of former leaders at Fusion-io Inc. and has now raised more than $200 million and nearly doubled its valuation since last summer to about $540 million, according to PitchBook Data.
Microsoft Corp and Oracle Corp on Wednesday said they reached an agreement to make their two cloud computing services work together with high-speed links between their data centers, targeting big business users and uniting against cloud computing leader Amazon.com's Amazon Web Services. The two companies said the high-speed link between their data centers would start with facilities in the eastern United States and spread to other regions. The move comes as both Oracle and Microsoft are courting large businesses and government customers considering moving computing tasks currently handled in their own data centers to cloud providers.
Salesforce (CRM) is releasing earnings after market close today and expectations are high. Salesforce has beaten EPS estimates the last 4 quarters by high double-digit percentages.
LONDON, June 4, 2019 /PRNewswire/ -- SAP SE (SAP) today announced leading international bank HSBC Holdings plc as the 2019 recipient of the Klaus Tschira Human Resources Innovation Award for digitally transforming its HR offering to serve its workforce of 275,000 people more effectively. Along with the award, SAP will make a €10,000 donation to the National Autistic Society, the United Kingdom's leading charity for autistic people and their families, on behalf of HSBC. "HSBC has made its employees the focus of its digital HR transformation," said Greg Tomb, president, SAP SuccessFactors.
Uber Technologies Inc. (NYSE: UBER) announced first quarter 2019 results which were $0.01 share worse than analyst expectations at a loss of $2.26 per share. Other Bets revenue, primarily consisting of Uber Freight – a digital freight matching marketplace, increased 263 percent year-over-year to $145 million. UBER does not provide specifics on the profitability of Uber Freight, instead including the division's results with Other Bets.
In 2015, a year after Satya Nadella became its CEO and committed his company to the cloud, I put some Microsoft (NASDAQ:MSFT) shares in my retirement account and forgot about them. My patience has been rewarded. A $53 investment in MSFT stock is worth almost $127 now, and reinvesting dividends has brought me more shares, which have also risen in value.Source: Shutterstock With a market cap of $972 billion, Microsoft is now the world's most valuable company, and despite his earnest philanthropy, co-founder Bill Gates is worth over $100 billion.The question is how long can the company keep growing without getting into the same monopoly penalty box that kept it from reaching its 1999 highs until 2016?InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's Nadella's challenge now. Spreading Bets Through CloudThe key is to continue spreading the company's bets, using the Azure cloud, growing as humbly as it can. * 10 Names That Are Screaming Stocks to Buy The humility is evident in the company's numbers. Growth returned just two years ago, and net income was lower in fiscal 2018 than in 2017. But Nadella was using the time to build infrastructure and relationships. The big benefits have begun appearing in the last six months. At its present pace, Microsoft will bring in well over $120 billion of revenue and over $30 billion of net income during fiscal 2019, adding to a cash pile that had reached $131 billion at the end of March. Microsoft has already piled up over $21 billion in operating cash flow through the first half of the fiscal year. Forget it becoming IBM (NYSE:IBM), Microsoft is now Apple (NASDAQ:AAPL).The key lies in partnering with other companies and not trying to consume them. Microsoft has over 200 cloud partners, most of which you have never heard of, for whom its tools are essential. Microsoft has deep relationships with companies like Adobe (NASDAQ:ADBE) and SAP (NYSE:SAP). But it has avoided a big acquisition that might lead rivals to compare it with Oracle (NASDAQ:ORCL), which bought many of its database channel partners in the 2000s, then demanded monopoly rents.The best evidence for how well this works is a recent announcement with Sony (NYSE:SNE) on gaming and streaming. The two firms' consoles have battled each other for decades. But in the new field of cloud gaming, they position themselves as underdogs against Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), which are already in the field. Good to Not Be KingThe strength of other cloud czars is Microsoft's secret weapon in any battle with regulators.Windows is no longer a monopoly thanks to Google Chromebooks. Skype is barely mentioned in video calling -- the focus is all on Zoom Video (NASDAQ:ZM). No one worries about LinkedIn because Facebook (NASDAQ:FB) is so dominant.The acquisitions Microsoft is making are on the bleeding edge, in the Internet of Things, where it trails Chinese giants like Alibaba (NASDAQ:BABA). Microsoft was seen as a good home for Github, the open source repository, because it's seen as more neutral than other potential acquirers, like IBM, might be. The Bottom LineIn his most recent conference call, Nadella emphasized areas like security, hardware and social, where the company clearly trails market leaders.But Microsoft Azure is the most profitable cloud. Microsoft booked $9.7 billion of revenue as "intelligent cloud" during the quarter, with margins of over 20%, putting $3.4 billion of new capital to work there. Again, thank goodness for Amazon. No one is screaming about an "Azure monopoly."So long as Nadella can keep spreading his bets, Microsoft and investors like me will keep smiling all the way to the bank.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT, AMZN and AAPL. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post The Real Reason Microsoft Stock Stands Out Among Other Big Tech Names appeared first on InvestorPlace.
Here Are the Latest Battles Apple Has Been Fighting(Continued from Prior Part)A $1.2 trillion marketApple (AAPL) and German business software company SAP SE (SAP) are taking their enterprise mobility partnership to a new level. The companies
SAP's resilient Cloud and Software business, act as staple growth drivers. Impressive growth in S/4HANA and other Cloud initiatives has supported the company's top line.
SOUTH SAN FRANCISCO, California, May 21, 2019 /PRNewswire/ -- SAP SE (SAP) today announced global legal practice Eversheds Sutherland Ltd has implemented cloud-based SAP® SuccessFactors® solutions for human capital management (HCM) to help increase efficiency and streamline operations for its International organization offices. The SAP SuccessFactors Employee Central solution has been rolled out to approximately 3,000 employees throughout the United Kingdom, France, Luxembourg, Middle East and Asia. Eversheds Sutherland's key strategic HR priority is to deliver a consistent and superior employee experience.
The spend management software company started in France but its founder and CEO has been operating from the U.S. headquarters it opened in Redwood City in 2011.
Pirates president welcomes 600 SAP employees and hints at major project to come, which is expected to include entertainment and several buildings.
WALLDORF, Germany, May 14, 2019 /PRNewswire/ -- SAP SE (SAP) today announced "Design Thinking and Challenge Management," a new course on the openSAP platform to introduce learners to two methodologies, which together foster innovation on an enterprise and personal level. This is the first step in a new collaboration between SAP and former world boxing champion Dr. Wladimir Klitschko and his company, Klitschko Ventures GmbH. The SAP® Design Thinking methodology promotes out-of-the-box thinking and the development of new approaches in an agile, fast and structured way.
Of the many categories in the tech world, none is more ferociously competitive than enterprise. For decades, SAP, Oracle, Adobe, Microsoft, IBM and Salesforce, to name a few of the giants, have battled to deliver the tools businesses want to become more productive and competitive. Last year alone, the top 10 enterprise acquisitions were worth $87 billion and included IBM’s acquiring Red Hat for $34 billion, SAP paying $8 billion for Qualtrics, Microsoft landing GitHub for $7.5 billion, Salesforce acquiring MuleSoft for $6.5 billion and Adobe grabbing Marketo for $4.75 billion.
Business Software Vendors' Latest: MSFT, IBM, SAP, ORCL, and ADBE(Continued from Prior Part)SAP is transitioning to the cloudActivist investor Elliott last month revealed that it owns shares worth ~$1.3 billion in SAP SE (SAP), representing a ~1.0%
Business Software Vendors' Latest: MSFT, IBM, SAP, ORCL, and ADBE(Continued from Prior Part)SAP says all the pieces are in placeSAP SE’s (SAP) buying other companies to help it strengthen its existing businesses and diversify into new markets has