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$ORCL said its CapEx for 4Q16 was $180MM and free cash flow for the year was $12.4Bil. In 4Q16, the company repurchased 49MM shares for a total of $2Bil and for the year, $ORCL repurchased 272MM shares for a total of $10.4Bil. The company said that for FY17, it expects SaaS and PaaS revenue growth to be higher than the 65%, up from 62% in FY16.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.