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Enterprise solutions provider $ORCL said its gross deferred revenue balance is now nearly $1.4Bil, up 64% in US dollars. The company also said its SaaS and PaaS billings grew 38% in US dollars in 4Q16 and total cloud revenue reached $860MM, up 50% YoverY.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.