Oracles numbers seem “OK”….but are they half-baked or fully cooked?
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Revenues of $9.19bn were up just one per cent from last year’s total of $9.1bn.
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Net income of $2.27bn was up eight per cent from Q1 FY2019.
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Earnings per share of $0.71 were up 10 per cent from $0.61 last year.
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Cloud services and license support, the branch that accounts for 72 per cent of Oracle’s total income, reported $6.6bn in revenues, up three per cent from $6.41bn in the year-ago quarter.
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Cloud and on-premises licensing revenues, nine per cent of Oracle’s total haul, saw revenues of $867m, a three per cent decline compared to Q1 a year ago.
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Hardware similarly took a hit, as revenues of $904m were down four per cent from last year.
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Services revenues of $813m were a decline of five per cent from last year.
We also Cover:
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Japanese billionaire Yusaku Maezawa put down a significant deposit with SpaceX to become the first ever private tourist to fly around the moon on the company’s Big Falcon Rocket (BFR)
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Maezawa wants to take six to eight artists from around the world on the nearly week-long trip.
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The mission is expected to launch in 2023.
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Amazon plans to release at least 8 new Alexa-powered devices before the end of the year.
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The new devices include a microwave oven, amplifier, receiver, subwoofer, and an in-car gadget.
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It reflects Amazon’s ambition to make its Alexa voice assistant ubiquitous, especially in areas where people spend most of their time, like the home and car.
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Together with Microsoft, Adobe is leveraging artificial intelligence to push deeper into customer relationship management and create a “brand-new category and industry,” Adobe CEO Shantanu Narayen says.
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Microsoft’s cloud platform Azure enables businesses to “process the data at the pace they want” and Adobe’s enterprise solutions allow businesses to “attract customers to the platform and engage it,” he says.
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Citi Research reiterates its buy rating for Amazon shares, saying a company split up would increase shareholder value.
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“By separating the retail and AWS businesses, Amazon could minimize or avoid the risk of increased regulatory pressure,” analyst Mark May says.
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