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Oracle Revenue Flat as Push to Bolster Cloud Business Continues WSJD - Technology

Oracle changed how it reports its quarterly financial results this year, mixing its cloud-computing business, which had been growing more slowly than that of competitors, with its licensing-support business. The change makes it harder to track performance of the cloud business. Shares, which closed Monday down 2% at $45.73, rose 6% to $48.55 in post-market trading, though company officials gave a tepid financial forecast for the current quarter. The software giant expects revenue in the third quarter to increase 2% to 4%, excluding currency fluctuations. That would translate to another quarter of, at best, flat revenue when factoring in Oracle's projected 4% impact from currency conversion.

Hewlett Packard Enterprise Raises Shareholder Return Target to $7 Billion WSJD - Technology

Hewlett Packard Enterprise plans to lift its dividend 50% in its third quarter and buy back over $5.5 billion of its stock through the end of its fiscal 2019, targeting a return of about $7 billion to shareholders. The announcement Thursday from Chief Executive Antonio Neri, who has been in the role since Feb. 1, comes as several technology companies have revealed their plans in recent weeks about how they plan to spend cash now held abroad.

Adobe Raises Revenue Forecast WSJD - Technology

"To compete and win today," Mr. Narayen said, businesses "must provide a world-class, end-to-end customer experience across every touch point." The company, which reported a record $9.03 billion in revenue for the year ended Nov. 30, on Thursday raised its revenue target for the current financial year to $11.15 billion, including its acquisition of marketing-automation firm Marketo. Adobe built its name around desktop publishing with products like Acrobat and the ubiquitous PDF but has since transitioned to a cloud-based, subscription business. Its high-margin digital-media business, which includes the revamped Acrobat offerings, accounted for $6.33 billion of revenue in the year just ended. And Adobe said it expects the business to add about $1.45 billion of recurring revenue this year, up from its October view of $1.4 billion.

IBM Reports Higher Revenue on Sales of New Hardware WSJD - Technology

Revenue rose 5% to $19.07 billion from a year earlier, its strongest gain for the top line since the third quarter 2011. As in the previous quarter, though, adjusting for currency-exchange rates tells a different story. Stripping out the impact of foreign exchange, IBM said revenue was flat. Several quarters ago, the company found itself on the other side of the issue, where unfavorable rates made IBM's revenue declines steeper than they appeared when adjusted for currencies. Profit fell 4% to $1.68 billion.

Intel's Strong Quarter Undercut by Concerns Over Chip Delay WSJD - Technology

Intel Corp. INTC -8.59% added to a string of impressive results in the second quarter, but concerns about delays in rolling out substantial numbers of new, denser chips cast a pall over results. Shares of Intel stumbled as much as 6% in after-hours trading as investors homed in on the timetable for the company's so-called 10-nanometer chips to reach volume production. The stock also took a hit from company guidance that implied gross margins wouldn't expand, although revenue would. That drop came even as revenue in Intel's highly profitable data-center group rose 27% to $5.55 billion, driven by growth in the cloud-computing industry. Intel said revenue from its cluster of four data-centric businesses is approaching nearly half of overall revenue.