Shares of Oracle Corporation (NYSE:ORCL) ended Wednesday session in green amid volatile trading. The shares closed up +0.44 points or 1.13% at $39.51 with 10.99 million shares getting traded. Post opening the session at $39.19, the shares hit an intraday low of $39.19 and an intraday high of $39.58 and the price vacillated in this range throughout the day. The company has a market cap of $161.55 billion and the numbers of outstanding shares have been calculated to be 4.11 billion shares.
On Sept. 21, 2016 Oracle OpenWorld — Oracle Corporation announced that its Cloud infrastructure solutions are helping Grant Thornton LLP—a leading accounting and consulting firm—match its professionals to its clients’ needs by providing a platform to tap large volumes of in-house workforce data.
To accomplish this, Grant Thornton and Oracle have deployed an analytics solution on Oracle Public Cloud – an effort that has unified Grant Thornton’s data sources, increased its data confidence and reduced data bottlenecks.
“We turned to Oracle because we wanted to tap big data to more effectively get the right client-service professionals in the right roles,” said Grant Thornton Chief People and Culture Officer Pamela Harless. “The ability to pair the correct people with carefully aligned projects is critical in the highly competitive world of professional services – and it’s why we chose an integrated Oracle Cloud infrastructure and analytics environment.”
According to Harless, Oracle Cloud maximized value and accelerated adoption through the Oracle Accelerated Buying Experience, which enabled Grant Thornton to procure the Cloud services quickly and easily – keeping the firm on track to meet its aggressive deployment timeline.
“We are excited about this partnership with Grant Thornton. The solution they built underlines the power, flexibility and agility of the Oracle Cloud Platform,” said Don Johnson, vice president of product development at Oracle. “This partnership is an example of the modern investments we are making in building the next generation storage platform.”
Shares of Cirrus Logic, Inc. (NASDAQ:CRUS) ended Wednesday session in green amid volatile trading. The shares closed up +0.09 points or 0.16% at $55.89 with 10.72 million shares getting traded. Post opening the session at $55.61, the shares hit an intraday low of $55.23 and an intraday high of $56.37 and the price vacillated in this range throughout the day. The company has a market cap of $3.52 billion and the numbers of outstanding shares have been calculated to be 62.48 million shares.
Cirrus Logic, Inc. (CRUS) on July 28, 2016 announced financial results for the first quarter of fiscal 2017.
quarter, and we continue to expect strong growth in FY17 driven by new product introductions,” said Jason Rhode, president and chief executive officer. “Our team has done a great job of developing a compelling portfolio of high performance audio and voice solutions, and we believe the company is well positioned to capitalize on these exciting markets into the future.”
Reported Financial Results – First Quarter FY17
Revenue of $259.4 million;
GAAP gross margin of 48.8 percent and non-GAAP gross margin of 48.9 percent;
GAAP operating expenses of $104.5 million; non-GAAP operating expenses of $87 million; and
GAAP diluted earnings per share of $0.24 and non-GAAP diluted earnings per share of $0.44.