THURSDAY, 26 APR 2018

 

CONNECT

Facebook Linked In Twitter
MTN_07/07-10/04_728x90px
GloriaJeans_266x90px
IMH LTD

Korneliou to UN: The Cyprus Problem Must Be Resolved

Eni’s CEO: We will not Give Up our Rights in Block 3

IMH LTD
PwC_12/04-25/04_468x60px

INTERNATIONAL

brought to you by CIPA

Oracle co-CEO Expects Acceleration in Cloud Business

Oracle co-CEO Expects Acceleration in Cloud Business

Oracle Corp co-CEO Safra Catz has said that she expects an acceleration in the company’s cloud business after the software maker last month reported sales from its cloud business that fell short of Wall Street expectations.

Catz told reporters in Tel Aviv that the company’s cloud business was impacted by a new model made available to customers three quarters ago that resulted in much higher than projected license growth.

“That makes the appearance of a lower number (for the cloud business) even though money is actually coming in to another bucket,” Catz said.

“As this evens out I think we are going to start seeing cloud acceleration again that is very significant but I don’t want to time that right now.”

Oracle last month said its quarterly cloud business revenue rose 31.7 percent to $1.57 billion, but fell short of the average analysts’ estimate of $1.59 billion, according to Thomson Reuters I/B/E/S.

MORE ON INTERNATIONAL

Barclays Pushed Into Loss by US Payout

Barclays has been pushed into a first quarter loss after paying $2bn (£1.4bn) to ...

Samsung Electronics Posts Fourth Quarter Of Record Profits

Samsung Electronics posted record profits for a fourth quarter in a row, thanks to strong ...

WhatsApp to Raise Minimum Age Limit to 16 in EU

Popular messaging service WhatsApp is banning under-16s from using its platform in the ...

FROM AROUND GOLDNEWS

   

C. Samir & Co. LLC Included in Legal 500 Rankings

C. Samir & Co. LLC has announced its 2018 re-inclusion with the world-renowned Legal 500 Rankings for Europe, the Middle East & Africa as a Leading Law ...
   

Barclays Pushed Into Loss by US Payout

Barclays has been pushed into a first quarter loss after paying $2bn (£1.4bn) to settle a lawsuit in the US over the sale of mortgage-backed securities. ...
   

Press Conference Held to Announce Limassol Boat Show 2018

A press conference announcing this year’s Limassol Boat Show was held at Marina Breeze Lounge Bar at Limassol Marina on Wednesday 25th of April, in the ...
   

Samsung Electronics Posts Fourth Quarter Of Record Profits

Samsung Electronics posted record profits for a fourth quarter in a row, thanks to strong demand for its memory chips and new Galaxy S9 smartphone. The ...
   

Aristo Proceeds with Third Phase of Plage Residences

With the construction of Plage Residences luxury homes progressing rapidly and the first two phases of the project hitting record sales, Aristo Developers is ...
   

Branding Expert Mark Tungate at the 5th Brand Congress

All great brands have one thing in common: they are far more than the product or service that they offer. Brands that consumers believe in – are loyal ...
   

Public Sector Balance for 2017 Registers Surplus of €343.6M

The annual public sector balance for 2017 registered a surplus of €343.6 mn, which corresponds to 1.8% of GDP. Total annual expenditure increased by 4.3% ...
   

Retail Trade Increases by 2.8% in February

On the basis of provisional estimates, the Turnover Value Index of Retail Trade for February 2018 increased by 2.8% compared to the corresponding month of the ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Deloitte_2016_300x250px
Gold_Issue_300x250px

IMH LTD