Oracle Corp. reported fiscal third- quarter sales and profit that fell short of analysts’ estimates as the software maker faced stiffer competition from Salesforce.com Inc. and rivals selling Internet-based programs.
During five days in August 2011, Adobe Systems Inc.’s top executives sequestered themselves in an 18th-floor boardroom atop the software maker’s Silicon Valley headquarters to address an emerging threat: the cloud.
Microsoft Corp.’s fiscal second- quarter earnings will be less than previously expected due to weak demand for personal-computers and the company’s new tablet, Surface, according to Brent Thill, an analyst at UBS AG.
Oracle Corp. , the world’s second- biggest software company, hired former Hewlett-Packard Co. Chief Executive Officer Mark Hurd as a president and board member, reporting to CEO Larry Ellison . Oracle shares jumped.
Salesforce.com Inc., the largest seller of online customer-management software, gained the most in more than three months after the company reported an acceleration in its billings, a harbinger of sales growth.
Adobe Systems Inc. signed up online subscribers at a faster-than-projected clip, adding to evidence it’s succeeding in reducing its dependence on software packaged for the slumping personal-computer market.
Adobe Systems Inc. rose to a record after the company said yesterday that it signed up online customers at a faster-than-projected clip, adding to evidence the largest maker of graphic-design software is reducing its dependence on the slumping personal-computer market.