Financial

Oracle Turns A Corner As Cloud Revenues Boom, Earnings Top

Grazed from Investors. Author: Brian Deagon.

Database software provider Oracle (ORCL) reported fiscal third quarter earnings late Wednesday that cruised past estimates as the software giant's transition to a cloud-based model picks up momentum. Oracle reported non-GAAP revenue of $9.3 billion, just topping the consensus estimate of $9.25 billion and 3% above a year earlier. It reported earnings per share minus items of 69 cents a share excluding various items, up 8% vs. a year earlier beating the consensus estimate of 62 cents, as polled by Thomson Reuters.

Oracle sees fiscal Q4 down 1% to up 2%. The midpoint for a 0.5% rise would slightly exceed Wall Street forecasts for a 0.2% uptick to $10.618 billion. Oracle also sees Q4 EPS of 78-82 cents in constant currency, though it's unclear how that compares to analysts' target for 78 cents. The software giant also hiked its quarterly dividend to 19 cents a share from 15 cents...

Blue Medora's Cloud and Database Performance Monitoring Innovations Drives Record Annual Growth

Blue Medora announced yesterday continued strong growth with its sixth consecutive record-breaking quarter. Over the past year, Blue Medora grew its product business by more than 240 percent and increased their customer base by 200 percent.
 
Closing the year with strong Q4 performance, the company expanded the business 254 percent from the previous year, exceeding expected interest in SelectStar, Blue Medora's native database performance, analytics and health monitoring platform.
 

Why Banks are Moving to the Cloud - And Why You Should Too

Grazed from Business2Community. Author: Jim Crowley.

A major shift is taking place in banking right now. It’s a shift many banks have been pretty hush-hush about until now, and that naysayers said would never happen. Banks are rapidly testing and moving to the cloud. What happened in the past two years that changed how the banking industry approaches the cloud?

Two words: Capital One. In October 2015, Capital One’s CIO, Rob Alexander, revealed that the bank was all-in on AWS. They were one of the very first U.S. banks to not only commit to the cloud in a big way, but also to announce it loudly and proudly. Around the same time, World Bank, made a bold move. With Stephanie von Friedeberg, World Bank’s CIO, at the helm, the company quickly shifted from risk-averse, anti-cloud to pro-cloud by the company quickly shifted...

Read more from the source @ http://www.business2community.com/cloud-computing/banks-moving-cloud-01755332#jZ6Oq7xZqABg0LuM.99

CloudHealth Technologies Poised to Continue Its 2016 Growth Streak

Grazed from CloudHealth Technologies

The end of 2016 marks the strongest year yet for Cloud Service Management pioneer CloudHealth Technologies. After posting a 130 percent year-over-year revenue increase, more than doubling its customer base, and securing a $20 million Series C round in May, the company enters 2017 as business momentum is accelerating.

"CloudHealth has become an integral component of our customers' day-to-day operations," said Dan Phillips, CloudHealth Technologies CEO and co-founder. "It's extremely gratifying to see the platform solve their complexity challenges and deliver such strong business value. We continue to push customer-driven enhancements and services, which has been a key factor in our year-over-year growth."

Cloud Computing: Google and Amazon Vie for Big Inroad Into Wall Street Data Trove

Grazed from Bloomberg. Author: Benjamin Bain.

Trying to understand what causes flash crashes is no longer just for financial regulators and Wall Street. It’s a big deal in Silicon Valley too. Since billions of dollars were quickly erased from U.S. stocks in May 2010, the U.S. Securities and Exchange Commission has been trying to create a massive repository that would track stock and options trading from exchanges and broker-dealers on a daily basis.

That way regulators could quickly go back and find clues to what caused a market interruption. The lack of progress was highlighted last August when the Dow Jones Industrial Average dropped 1,100 points in the first few minutes of trading, sending regulators scrambling once again to figure out what went wrong...

Brexit spells turbulence for cloud computing: 6 stormy scenarios

Grazed from ZDNet. Author: Larry Dignan.

The only certainty about the United Kingdom's move to exit the European Union is the cloud computing ecosystem is going to see some turbulence and uncertainty ahead. Although Brexit rattled the stock markets on Friday, the fallout is just beginning. Enterprises everywhere were planning based on their exposure to the U.K. The currency hit alone is going to ding revenue for many technology companies.

Beyond that initial calculation--you can expect Brexit to be a topic on every earnings conference call in the weeks ahead--there are some real technology logistics to sort out. With that in mind, here's a speculative stab at a few Brexit scenarios and how they may impact large cloud providers such as Amazon Web Services, Microsoft Azure, Google Cloud Platform and IBM...

Read more from the source @ http://www.zdnet.com/article/brexit-spells-turbulence-for-cloud-computing-6-stormy-scenarios/

Oracle: Whistle-blower Complaint Highlights Opaque Cloud Bookings, Says Citi

Grazed from Barrons. Author: Tierman Ray.

Shares of Oracle are down $1.57, or 4%, at $38.69, following reports late Wednesday that the company is being sued by a former accountant who claims the company tried to falsify its revenue from cloud computing. Reuters’s Jonathan Stempel, Yasmeen Abutaleb, and Sarah McBride report that a former senior Oracle accountant, Svetlana Blackburn, has filed a complain in U.S. District Court in San Francisco, the former executive, claiming she was fired on October 15th of last year after she took exception with the company’s request that she “make Oracle Cloud Services’ results look better” by “adding millions of dollars of accruals for expected business ‘with no concrete or foreseeable billing to support the numbers’,” adding that executives above her added accruals on their own." Oracle released a statement following the article, attributed to Oracle communications director Deborah Hellinger, stating it will sue her:

We are confident that all our cloud accounting is proper and correct. This former employee worked at Oracle for less than a year and did not work in the accounting group. She was terminated for poor performance and we intend to sue her for malicious prosecution. In a note to clients today, Citigroup’s Walter Pritchard, who has a Neutral rating on Oracle, writes that looking at the complaint, it will keep alive some concerns about the opaque nature of Oracle’s cloud results:..

Read more fromt the source @ http://blogs.barrons.com/techtraderdaily/2016/06/02/oracle-whistle-blower-complaint-highlights-opaque-cloud-bookings-says-citi/

Zadara Storage Accelerates Momentum with Record 2015 Results

Grazed from Zadara Storage.

Zadara Storage, the provider of award-winning, enterprise–class storage-as-a-service (STaaS) today announced record revenue in 2015. The company’s success can be attributed to delivering industry-leading solutions in a market that is in a significant transition from CapEx-based storage to one dominated by OpEx-based storage-as-a-service. Zadara Storage offers unique and disruptive capabilities that address this market transition, such as enterprise-grade storage-as-a-service – in the cloud, on-premise and in hybrid configurations. Industry research has shown that the storage-as-a-service market will grow from about 10% of the overall storage market in 2015, to at least 80% by 2023 (source: IT Brand Pulse, October 2015).

CloudPhysics Accelerates Momentum With Record 2015 Results

Grazed from CloudPhysics.

CloudPhysics, provider of data-driven insights for smarter IT, today announced record growth in 2015. The company's success was fueled by mid-market customers looking for operational insights to preempt and eliminate hazards that threaten to disrupt their IT operations and applications.

"2015 has been our biggest year yet in terms of revenue and customer adoption as VMware users look to proactively plan, minimize risks and maximize both IT and infrastructure efficiencies," said Jeff Hausman, CEO of CloudPhysics. "We thrive on innovating and continually reinvest in development so we can continue to delight our users."

2015 highlights included:

Cloud Computing: Red Hat Closing In On $2 Billion In Its Fourth Quarter

Grazed from InformationWeek. Author: Charles Babcock.

Red Hat reported its third quarter 2016 results Nov. 30, and largely contrary to expectations, it's still going strong. Advances in cloud computing, VMware's strong virtualization product line, the Cloud Foundry open source development platform, and Amazon and other cloud computing services were all supposed to be sapping Red Hat's strength.

On the contrary, as long as Red Hat remains at the core of the enterprise data center with its Red Hat Enterprise Linux operating system, it will remain a viable competitor to VMware, the open source development platform Cloud Foundry, and proprietary clouds. This is something that's not commonly understood about Red Hat and one reason its stock price, after limping through 2015 (with a low of $67 in August), closed Dec. 23 at $83.99, up over 22% since then...