Updates – Company

Oracle’s Stock Looks Cheap Again. ‘We’ve Got a Plan,’ CEO Says.

October 18th, 2022|

Eric J Savitz Barron's October 14,2022 Safra Catz is feeling feisty, and for good reason. Over the past few years, the Oracle CEO has engineered an impressive turnaround at the enterprise software giant, which has bet the future of the company on cloud computing. As we outlined in a Barron’s cover story in February 2021, Oracle (ticker: ORCL)

BI Focus: Microsoft’s 2024 Brighter Than Consensus

October 14th, 2022|

Anurag Rana and Andrew Girard Bloomberg Intelligence October 14, 2022 (Bloomberg Intelligence) -- Microsoft could surpass fiscal 2024 consensus sales growth in constant currency by 300-500 bps on the back of a rebound in cloud spending after a year of slowdown. Though weak economic conditions will likely hurt the company's 2023 sales growth from a

Microsoft cloud leader Scott Guthrie says companies aren’t holding off on cloud spending as inflation mounts

October 12th, 2022|

Jordan Novet CNBC October 12, 2022 The European energy crisis is leading some organizations to quicken their pace of adopting cloud services, said Microsoft’s Scott Guthrie. One organization increasing its Microsoft Azure cloud use has seen energy costs jump over 65%. Despite an uncertain economy with looming fears of a recession, Microsoft’s top cloud executive

Apple is a safe haven amid the stock market rout, says tech investor Gene Munster

September 27th, 2022|

Michelle Fox CNBC September 27, 2022 Tech stocks have been pummeled this year but Apple is acting like a safe haven amid the turbulence, according to tech investor Gene Munster. While the tech-heavy Nasdaq is down 28% for the year and big names like Meta and Netflix have dropped about 60%, Apple is down just 15% year to date. “They are

Starbucks hikes long-term financial forecast as it unveils reinvention plan

September 15th, 2022|

PUBLISHED TUE, SEP 13 202211:43 AM Source: CNBC by Amelia Lucas Outgoing Starbucks CEO Howard Schultz said the coffee giant is projecting double-digit growth for revenue and earnings per share as it implements a strategy to reinvent its business. The company’s previous long-term forecast projected adjusted earnings per share growth of 10% to 12%, revenue

Amazon Shares Back to Winning Ways Amid Cost Push: Tech Watch

September 12th, 2022|

Monday, September 12, 2022 06:23 AM Source: Bloomberg by Jeran Wittenstein Amazon.com Inc. shares are back in a familiar role of outperforming after an ugly first half of 2022, even as investors brace for a slowdown in growth at the e-commerce and cloud computing giant. Amazon is the best-performing stock among its megacap peers since the

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