This week was another eventful week for the tech sector with a lot of major exciting developments. Below we highlight some of the events that could affect the stock prices of major tech companies like Oracle (NASDAQ:ORCL), Adobe (NASDAQ:ADBE), SAP (NYSE:SAP) and Salesforce.com (NASDAQ:CRM).
Oracle
Oracle announced its Q1 FY12 results this week. The earnings results were quite positive with revenue growth of about 16%. Oracle reported steady growth in database and middleware software. It took a slight hit in hardware revenues as it continues to phase out the legacy low margin hardware products replacing them with new profitable ones. It has been able to boost its gross margins in hardware up to 54%. It also announced 4 new hardware products which should drive database and middleware sales in the coming quarters.
See Trefis article: Oracle Shrugs Off EU Mess With Solid Growth & Margin Improvement
Check out our complete analysis of Oracle.
Adobe
Adobe also posted its Q3 FY11 results this week. It made more than $1 billion in revenues last quarter with only marginal growth. Creative Software sales, which make up nearly half of its revenues, were largely flat while Acrobat sales were up 7%. It has posted a positive outlook for the next quarter, expecting sequential growth in all major businesses. Sales from the Creative Software division should also increase as it launches its new HTML 5 tools like Adobe Muse and Adobe Edge.
Check out our complete analysis of Adobe.
SAP
SAP also announced that it will acquire Crossdata, a German business integration software provider. Crossdata’s technology enables customers to easily exchange data with their trading partners using EDI (electronic data interchange) even if they use different technology platforms. The acquisition will help SAP improve its ERP and SCM offerings, and possibly increase its market share in these businesses.
Check out our complete analysis of SAP.
Salesforce.com
Salesforce.com also announced the acquisition of Assistly, a social customer service startup, for $50 million. The acquisition will help it crack the small businesses market and also add additional features to its existing CRM offering. It will help Salesforce.com maintain its significant lead in the cloud based, on demand CRM market.
