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$ORCL's 2Q16 cloud IaaS was up 11% YoverY to $165MM and the company expects moderate revenue growth going forward in IaaS. Total cloud revenue was $652MM, up 30% YoverY. 2Q16 GM for SaaS and PaaS was 43%. Cloud CapEx for 2Q16 was $195MM or $251MM lower sequentially. Total hardware revenue fell 10%.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?