Tech Company Stocks In Q1: Who Gained? Who Lost?
Submitted by Rick Whiting on
Oracle
Co-CEOs: Mark Hurd, Safra Catz
Dec. 30, 2016: $38.45
March 31, 2017: $44.61
Change: +16.02%
In January Oracle signed a deal to buy Apiary, a provider of tools and framework technology for developing application programming interfaces. Financial terms were not disclosed.
The acquisition comes after Oracle made two major acquisitions in late 2016: cloud application developer NetSuite for $9.3 billion and DNS provider Dyn for a reported $600 million.
For its fiscal 2017 third quarter ended Feb. 28 Oracle reported revenue of $9.21 billion, up more than 2 percent from $9.01 billion in the same quarter one year earlier. Net income grew 5 percent to $2.24 billion from $2.14 billion one year before. The results included a 62 percent year-over-year increase in cloud service revenue.