Boston, MA 01/03/2014 (wallstreetpr) – Oracle Corporation (NYSE:ORCL) remains among the most followed tech companies. The company has foothold in database, cloud applications and engineered products, all of which it foresees its future growth. The company has made acquisitions which have been praised for their contribution or potential to help the company turn more profitable.
The company reported 2 percent revenue increase in the second quarter of fiscal 2014, thus hitting $9.3 billion compared to the year before. Profits also peaked up over the same period by 7 percent to $0.69 per share. These gains where testimony to the company’s successful penetration of the products and application market over the past two quarters.
Oracle Corporation (NYSE:ORCL)’s booking reveals its other strength. The company registered booking growth of 35 percent as of the fiscal 2014 second quarter. Engineered systems remain one of the company’s most active segments with more than 34 percent growth in Q2.14.
Pairing acquisitions
Its acquisition of automated marketing company Responsys which it expects to pair with Eloqua will have significant boost in its enterprise marketing solution offering. Oracle Corporation (NYSE:ORCL)’s intent is to create a feature-rich cloud application that would boost its subscriber numbers and generate more sales.
As to whether the company has any opportunities can be seen in the manner in which its Customer Experience Cloud continues to be received warmly in the enterprise market. But even so, investors should keep a close eye on the company to see how it monetizes its feature-rich cloud technologies.
New 52-week high
Over the past six months, the stock of Oracle Corporation (NYSE:ORCL) is up 26 percent and recently surged to hit a new 52-week high after the company announced its $1.5 billion bid for Responsys. Analysts are expecting correction in the range of 5 percent in the stock.
It is fair to say that Oracle Corporation (NYSE:ORCL) has done a lot to clear its runway in 2013 and that good fruits could start coming in this year. However, it is also fair to say that the company still has a lot of ground to cover as a far as beating competition is concerned. As said above, now that the runway is clear, work on the plan should begin in earnest and that plane.
