Quantcast

All Posts Tagged Tag: ‘Financial’

Oracle Releases Earnings, Posts 2% Decline In Revenue

Oracle posted its fiscal 2013 Q1 earnings report on Thursday. While profits were up 15%, revenues were down 2% to $8.2 billion, though GAAP new software licenses and cloud software subscriptions were up 5% to $1.6 billion. Non-GAAP new software licenses and cloud software subscriptions revenues were up 6% to $1.6 billion. “Exadata, Exalogic, Exalytics and our other engineered systems …

Read More

Alibaba Closes Deal With Yahoo Worth $7.6 Billion

Alibaba has closed the initial repurchase of shares from Yahoo and restructured its relationship with the company in a set of transactions valued at $7.6 billion. The two companies announced the plan back in May, which would see Yahoo reduce its stake in Alibaba in stages over time, and over a series of agreements. The initial repurchase of shares represented …

Read More

Square Closes New Round Of Funding From Starbucks And Co.

Square announced today that it has closed a Series D round of funding from Citi Ventures, Rizvi Traverse Management, and Starbucks Coffee Company. The company said in its announcement: One year ago, Square had approximately 150 employees and processed over $1 billion in payments on an annualized basis. Today, Square has over 400 employees and is processing over $8 billion …

Read More

Zuckerberg Pledge Helps Facebook Stock

Yesterday, news came out that Facebook CEO Mark Zuckerberg has pledged not to sell any Facebook shares for at least a year. In addition to that, Board members Marc Andreessen and Don Graham will not sell any shares, other than what they may sell to cover taxes on RSUs. This information came from an 8-K document filed with the SEC. …

Read More

Mark Zuckerberg Won’t Be Selling FB Shares Anytime Soon

Facebook has filed an 8-K document with the SEC indicating that it will not move forward with a secondary stock offering, but will pay taxes on RSUs, and that CEO Mark Zuckerberg will not be selling any shares, at least for the next year. The document also indicates that Board members Marc Andreessen and Don Graham will not sell any …

Read More

Wall Street: Apple Stock Hits Another Record High, Following Patent Verdict

On Friday, as you have probably heard, Apple was granted a big legal win over Samsung, though an appeal is expected. Nevertheless, the ruling has major implications for the mobile industry, and for Google’s Android operating system, which comes on a variety of Samsung devices. Apple shares were already soaring, before the verdict even came out. With the next version …

Read More

AOL Shares Its Plans To Return $1.1 Billion To Shareholders

AOL announced its final steps in returning $1.1 billion to shareholders, entering into a $600 million fixed-dollar collared Accelerated Stock Repurchase Agreement with Barclays, and announcing its authorization of a $5.15 per share special cash dividend. The company will repurchase $600 million worth of common stock under the agreement, taking advantage of the share repurchase authorization it announced before, and …

Read More

Twitter Turns To Revstream for Billing, Revenue Management

Twitter and Revstream announced today that Twitter has deployed Revstream’s revenue and billing management platform, integrated with Oracle’s E-Business Suite (r12). “Revstream’s platform enables Twitter to accelerate our billing cycle and improve our global revenue recognition process,” said Shanice Ma, Director of Revenue at Twitter. “With Revstream, our process is improving in both efficiency and accuracy.” That efficiency is going …

Read More

Best Buy Earnings: Net Income Down 90%

Best Buy just released its earnings report for the second quarter, a day after announcing its new CEO. Of course, this transition is happening as Founder Richard Schulze has been trying to buy back the company. Last week, he sent a letter to the Board of Directors, affirming his offer, which was initially estimated at $8 billion (though shares have …

Read More

Barnes & Noble Q1 Earnings Released, Digital Sales Up 46%

Barnes & Noble released its Q1 earnings report this morning, a day after the company announced its first international expansion, with plans to launch its Nook line in the UK. The company reported a 46% increase in digital content sales, and a 4.6% increase in bookstore sales. Revenues were up 2.5% (YoY) to $1.5 billion for the quarter. Earnings before …

Read More

Apple Stock: Shares Soar Ahead Of iPhone 5 Release Date

The rumored iPhone 5 release date is getting closer, and as investors anticipate the device’s launch, Apple’s stock continues to soar. Now, the company has even managed to become the most valuable company in the history of companies. Apple’s market value hit an astounding $622 billion today, surpassing the previous record of $618.9 billion set by Microsoft in 1999, according …

Read More

Facebook Stock Takes A Pounding As Lockup Ends

When Facebook went public, its IPO included a “lockup” agreement that meant some shareholders were required to hold their stock for a predetermined amount of time. For Facebook insiders held to this agreement, that lockup ended today, and as a result, Facebook shares hit their lowest price so far. Shares were down at least as low as $19.76 at one …

Read More

Page 11 of 16« First...«910111213»...Last »