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Stock Market & Financial Investment News

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.
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May 21, 2015
08:15 EDTORCLSalesforce acquisition still possible, says JMP Securities
After Salesforce reported stronger than expected results, JMP Securities indicated that the results, along with statements by the company's CEO, make an acquisition seem less likely. However, the firm continues to believe that Google (GOOG), Oracle (ORCL), or Microsoft (MSFT) could buy the company. All three potential acquirers have significant cash and strong potential synergies with Salesforce, and the world is moving to the cloud, the firm explained. It raised its price target on Salesforce to $80 from $75 and keeps an Outperform rating on the shares.
06:37 EDTORCLOracle to cut 40% of industry solutions team, Business Insider reports
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May 20, 2015
05:57 EDTORCLSAP CEO says Salesforce unlikely to be acquired, Reuters reports
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May 19, 2015
13:05 EDTORCLSalesforce deal talks may have 'died down,' dealReporter says
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May 17, 2015
16:50 EDTORCLWhite House wavers on backing Google, Oracle in copyright suit, Reuters says
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