Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Morgan Stanley Adjusts Outlook for Oracle


Morgan Stanley DW adjusted its outlook on Oracle (ORCL).

Analyst Chuck Phillips commented on the software company's Q3 ending Feb. 28, saying its applications division is doing well. He notes the high expectations for a new product, which Oracle is using internally. However, he cut the growth forecast for the company's database-license revenue because of last year's dot-com exposure. He maintained his EPS estimates. Phillips doesn't expect breakout results in Q3, but anticipates acceleration in Q4. He maintained his strong buy rating on the shares.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus