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IT giant $ORCL said Cloud software as a service (SaaS) and platform as a service (PaaS) revenue was $583MM in 3Q16, up 57% YoverY. Cloud infrastructure as a service (IaaS) revenue was $152MM, down 2% YoverY. "We are growing much faster than Salesforce.com. We also have many more SaaS products than Salesforce.com," said Chairman & CTO Larry Ellison.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.