Want to join the conversation?
$ORCL's 2Q16 cloud IaaS was up 11% YoverY to $165MM and the company expects moderate revenue growth going forward in IaaS. Total cloud revenue was $652MM, up 30% YoverY. 2Q16 GM for SaaS and PaaS was 43%. Cloud CapEx for 2Q16 was $195MM or $251MM lower sequentially. Total hardware revenue fell 10%.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.