Oracle Corporation (NYSE:ORCL) [Detail Analytic Report] moved down during Tuesday session as energy analytics company, Opower declared that it has signed a $532M deal to sell itself to computing behemoth Oracle. The contract, slated to close later this year, worth Opower’s shares at a 30% premium on Friday’s close. Opower, based in Arlington, Virginia, sells data services that track energy-use trends across tens of millions of homes. More than 100 utilities including PG&E and Exelon use the service to help meet state-by-state energy efficiency standards. Previous year, Opower released an operating loss of just under $45M with annual revenues of $145.7 million. The company was founded in 2007 and went public in 2014.
Yates stated in a recent call with investors that while energy efficiency has historically been primary driver of new client acquisition, this year was the first time we saw customer care fuel a significant number of deals. The firm also has been making inroads globally. In 2013, it released a business partnership with the Tokyo Electric Power, Japanese public utility at center of the Fukushima Daiichi nuclear power plant failure following a tsunami in 2011. In a recent call with investors, Opower’s chief financial officer, Thomas Kramer, said 10% of firm’s 2015 revenue comes from international business.
Noting a main crunch of analyst research by WSJ, ORCL under observation of quarterly per share earnings, it has second quarter 2016 trend of $0.82, while in next quarter estimated EPS trend is $0.59 and for annual basis for 2016 estimated EPS is $2.62.
Relatively pool of WSJ analyst issues diverse rating, as for current level it has 18 experts rated as “BUY” security, 3 analyst recommend as “Overweight,” and 15 experts rated as “Hold”.
Fidelity National Information Services, Inc. (NYSE:FIS) [Detail Analytic Report] released on Tuesday that its Q1 revenue rose to $2.2B from $1.6B in Q1 of 2015. GAAP net earnings from continuing operations attributable to common stockholders was $55M, or $0.17 per diluted share, as compared to $114M, or $0.40 a diluted share in previous year quarter. The president and chief executive officer, FIS, Gary Norcross stated that they are pleased with their strong performance to start year, which was driven by solid sales execution, high-quality recurring revenues, and earnings. The addition of solutions from SunGard portfolio and synergy achievement significantly expanded margins. These gains underscore their commitment to delivering top-line growth with margin expansion to create long-term value for FIS shareholders.
AXT Inc. (NASDAQ:AXTI) [Detail Analytic Report] released that its financial results for Q1, ended March 31, 2016. Net interest and other income for the first quarter of 2016 was a loss of $0.2 million, compared with a gain of $0.1 million in the fourth quarter of 2015. The chief executive officer, Morris Young stated that Q1 was a strong quarter for AXT in which they exceeded their revenue and profitability guidance, and released a strong increase in both their gross and operating margins from the prior quarter. Their indium phosphide revenue was their strongest in recent years. In addition, their manufacturing team continues to work on efficiency and yield improvement, and these efforts along with our product mix helped improve our gross margin in the quarter.