WEDNESDAY, 19 SEP 2018

 

CONNECT

Facebook Linked In Twitter
INB_1000_Eng_03/08-15/11_728x90px
Invest Cyprus 30/04-30/03/2019
IMH LTD

Syllouris Pays an Official Visit to Hungary

Anastasiades and Tsipras Discuss Bilateral Cooperation and Developments on Cyprus Issue

IMH LTD
PWC_14/09-21/09_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

IMF: No-Deal Brexit would Hit UK Economy

The International Monetary Fund has warned that a "no-deal" Brexit on World ...

Apple iPhone XS Unveiled

Apple has updated its iPhone X handset with three more powerful models, two of which are ...

Gordon Brown Warns About the Next Financial Crisis

The world is not ready to deal with another financial crisis, former Prime Minister ...

FROM AROUND GOLDNEWS

   

Meet the experts at the 2nd Cyprus HealthCare Conference Gala Dinner

The 2nd Cyprus HealthCare Conference Gala Dinner which will take place on 27 September 2018 at the European University Cyprus will combine entertainment ...
   

Global Fintech Investment Roars Ahead at a Record Pace in First Half of 2018

Global fintech investment reached US$ 57.9B invested across 875 deals in H1’18, a significant increase from the US$ 38.1B invested in all of 2017, ...
   

12th Cyprus-Russia Gala Organised at the Presidential Palace

The 12th Cyprus-Russia Gala took place at the Presidential Palace in Cyprus on the 15th September 2018 under the high patronage of the First Lady of the ...
   

Cypriot Documentary ‘The Ghost of Peter Sellers’ Wows in Venice and Telluride

The independent Cyprus feature documentary opened to rave reviews at its World Premiere in Venice last week. Hollywood Reporter calling it “Jaw ...
   

2nd Cyprus Open Data Hackathon Crowned with Success

The 2nd Cyprus Open Data Hackathon was held on the 15th and 16th September 2018 with great success in Limassol at the premises of ARIS | A Really Inspiring ...
   

CIA Challenge Exam for ACCA Members

The Institute of Internal Auditors (IIA Global) in collaboration with the Association of Chartered Certified Accountants ...
   

New 100 and 200 Euro Notes Unveiled

The design for the new €100 and €200 bank notes has been unveiled, ahead of entering circulation in May next year, the BBC reports. Both notes ...
   

People at Poverty Risk Drop to 25% of Population in 2017

Data released on Monday 17 September show that people at risk of poverty or social exclusion, dropped in 2017 to 25.2% compared to 27.7%. According to the ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Infocredit_01/08-30/11_300x250px
GloriaJeans_300x250px

IMH LTD