Drexel Hamilton Reiterates Buy on Oracle (ORCL) Following 2Q Report

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Go back to Drexel Hamilton Reiterates Buy on Oracle (ORCL) Following 2Q Report

Q2 SAAS AND PAAS CLOUD REVENUES UP 81%, AND UP 89% IN NON-GAAP CONSTANT CURRENCY

December 15, 2016 4:00 PM EST

REDWOOD SHORES, Calif., Dec. 15, 2016 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2017 Q2 results. Total Revenues were $9.0 billion, flat in U.S. dollars and up 1% in constant currency. Non-GAAP Total Revenues were $9.1 billion, up 1% in U.S. dollars and up 2% in constant currency. Cloud software as a service (SaaS) and platform as a service (PaaS) revenues were $878 million, up 81% in U.S. dollars and up 83% in constant currency. Non-GAAP SaaS and PaaS revenues were $912 million, up 87% in U.S. dollars and up 89% in constant currency. Total Cloud Revenues, including... More

Dave Habiger, Aidan Foley Join Legend Leadership Team as Chairman, CEO

December 14, 2016 9:00 AM EST

Leading Visual Effects, Virtual Reality and 3D Conversion Firm Also Hires Ellie Trope as VP of Legal Affairs

HOLLYWOOD, Calif.--(BUSINESS WIRE)-- Media industry veteran Dave Habiger and technology and entertainment executive Aidan Foley will join Legend as Chairman and Chief Executive Officer, respectively, the company announced today. In addition, Legend has hired Ellie Trope as Vice President of Legal Affairs.

Dave Habiger brings a wealth of executive-level management experience to his new role as Chairman. He has an established history of being a visionary for future formats, consumers digital media... More