Boston, MA 10/24/2013 (wallstreetpr) – With the acquisition of Big Machine, a leading Configure Price Quote (CPQ) provider, Oracle Corporation (NYSE:ORCL) has turned the cloud application war red-hot, just as it was expected to get and now only the fittest, like ORCL itself now, have the chance to survive the competition.
ORCL’s move also validates that in an increasing manner, enterprises are adopting more of cloud-based applications, thus accelerating revenues in this segment. This therefore explains why the company has been on serious acquisitions to sit well against rivals such as Salesforce.
Basically, CPQ has proven to be an effective, reliable and measurable strategy for enterprises to increase their sales. As such, CPQ is one of the most pursued areas of CRM growth.
While ORCL is known to be already deep in enterprise configuration, its segment has been predominantly on-premise, thus, this latest Big Machine acquisition and the recent other acquisitions basically validate its increasing shift to cloud.
In recent times, ORCL has clearly shown in its undertakings that cloud-based enterprise applications are becoming its priority and it’s seeking partners to accelerate this transition in a smooth and well executed manner. This explains the reason behind such applications as Siebel Configurator and Oracle E-Business Suite Configurator. Big Machine is already doing well in the cloud segment and it will thus bring in the much needed leverage in development as well as market network.
The enterprise application and hardware provider announced $0.59 earnings per share on revenue of $8.40 billion in its most recent quarterly earnings. In its reporting, the company smashed analysts’ estimates on earnings which was $0.56 but failed to ride over the consensus revenue of $8.48 billion. Analysts now expect it to report $2.90 EPS in the current fiscal year.
ORCL has declared $0.12 per share dividend for investors of record Tuesday, October 8, and will be paid out on October 29. The declared dividend represents 1.47% yield and $0.48 dividend on annualized basis.
The enterprise applications solutions provider closed down $32.70 on Wednesday, October 23, after losing 0.61% in the regular session. However, it surged in the after hours to gain 0.31%.
