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Zacks Investment Research Upgrades Oracle Co. (ORCL) to "Hold"
2016-01-04 22:39:53| IT Services - Topix.net
According to Zacks, "Oracle posted mixed second quarter fiscal 2016 results wherein earnings of $0.59 beat the Zacks Consensus Estimate by $0.02 but revenues of $8.99 billion missed the same. The company's continuing transition from licensing, where revenues are recognized upfront, to a cloud subscription model where it is realized over the years, will hurt its top line in the near term.
Tags: research
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Category:Information Technology
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