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News Breaks
March 20, 2013
17:45 EDTORCLOracle says "not pleased with Q3 revenue growth," cites sales execution
On Oracle's (ORCL) Q3 earnings conference call, management said, "While our overall business remains very healthy and we saw excellent pipeline growth, we're not at all pleased with our revenue growth this quarter. Since we've been adding literally thousands of new sales reps around the world, the problem was largely sales execution, especially with the new reps as they ran out of runway in Q3." They noted that the company's product portfolio is as strong as ever, and that they are winning a fair share of deals. They are encouraged by the tremendous pipeline growth, but said they have work to do on training new reps. Management expects a big turnaround next year for the hardware business. They see a big growth year for the entire hardware business, SPARC line, and all of the engineered systems. The company still believes there is tremendous leverage in its business model and feels good about its strategy and product line.
News For ORCL From The Last 14 Days
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November 24, 2014
08:34 EDTORCLJefferies software analysts hold an analyst/industry conference call
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November 20, 2014
16:53 EDTORCLOracle initiated with a Hold at Jefferies
Target $41.
07:11 EDTORCLBofA/Merrill to hold a conference
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November 14, 2014
06:12 EDTORCLSAP to pay Oracle $359M to settle legal battle, WSJ reports
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