Want to join the conversation?
$ORCL said new software license revenues were slightly over $1Bil in 1Q17, down 10% reflecting the continued migration to cloud. Total hardware, including hardware support, was down 11% with hardware systems product revenue of $462MM and hardware support revenue of $535MM. Engineered systems grew mid double digits.
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.