Oracle Corporation (NYSE:ORCL)’s Business Segments With Stock Updates

By
Brandon Manns
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1033

Dallas, Texas 11/19/2013 (Financialstrend) – Oracle Corporation (NYSE:ORCL) has announced that it has bought Bitzer Mobile. The latter is a provider of mobile-applications management solutions that permit organizations to give their employees access to corporate-data as well as applications from their own mobile devices. This is specifically to address the increasing security-needs that have been created with the bring your own device (BYOD) concept. The company has not disclosed the terms of this deal.

Monday’s trading

In Monday’s trading session, Oracle Corporation (NYSE:ORCL) rose by 0.03%. The shares opened at a price of $34.88, which touched the intraday high of $35.13 and headed to a close of $34.93. Around 15.09 million exchanged hands over the trading day and an average volume of 18.01 million shares were traded over a 30 day period. The 52-week low of Oracle Corporation (NYSE:ORCL) shares is $29.78 and its 52-week high is $36.43. Oracle Corporation (NYSE:ORCL) has a market capitalization of $162.28 billion.                                       

About the company

Oracle Corporation (NYSE:ORCL) is a provider of enterprise-software & computer hardware products & services. Its hardware systems,  software & services businesses develops & manufactures as well as markets, hosts & supports database & middleware-software, applications-software & hardware systems. The latter is mainly made up of computer server & storage products. Oracle Corporation (NYSE:ORCL) is organized into 3 businesses: 1- software, 2- hardware systems and 3- services.

Oracle Corporation (NYSE:ORCL)’s software business is made up of 2segments: 1- new software licenses & 2- its software license updates & product-support. Its hardware-systems business is made up of 2 segments: 1- hardware systems products & 2- hardware systems support. Its services business is made up of the remainder of the company’s segments & offers consulting -services, managed-cloud services & education services. On 5th April 2012, Oracle Corporation (NYSE:ORCL) acquired Taleo Corporation. Effective 13th March 2013, it acquired Nimbula.