Oracle's Cloud Business Grows on Big Data: Time to Invest?

Grazed from Nasdaq.  Author: Editorial Staff.

Oracle's third-quarter fiscal 2015 results gained significantly from the cloud business. The company's earnings surpassed the Zacks Consensus Estimate, while revenues came in line. We believe that the rapid adoption of engineered systems and cloud suites will drive the top line in 2015.

Oracle commands a dominant position in the enterprise software and database management system (DBMS) software market. According to market research firm Gartner, global spending on IT infrastructure is estimated to grow 2.4% to $3.8 trillion in 2015. Among infrastructure, DBMS is expected to gain significantly driven by Big Data and digitalization initiatives. We believe Oracle is positioned well in the DBMS software market to gain from this trend...

Oracle is gaining ground in its cloud business. We believe that the company's partnership with cloud content management service provider, Box, will facilitate better management of their digital assets on Oracle Marketing Cloud. Going forward, we believe that the partnerships with Salesforce, Microsoft and NetSuite along with the recent acquisition of TOA Technologies will provide a major boost to Oracle's cloud-computing endeavors...

Read more from the source @  http://www.nasdaq.com/article/oracles-cloud-business-grows-on-big-data-time-to-invest-analyst-blog-cm486687#ixzz3cz3LGJi6