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1Z0-495 Oracle Fusion HCM: Compensation 2014 Essentials

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1Z0-495 exam Dumps Source : Oracle Fusion HCM: Compensation 2014 Essentials

Test Code : 1Z0-495
Test Name : Oracle Fusion HCM: Compensation 2014 Essentials
Vendor Name : Oracle
: 71 Real Questions

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Oracle Oracle Fusion HCM: Compensation

Oracle Unveils Oracle Fusion HCM and ability management in the Cloud | killexams.com Real Questions and Pass4sure dumps

SAN FRANCISCO, CA--(Marketwire - Oct 5, 2011) - ORACLE OPENWORLD -- Oracle (NASDAQ: ORCL)

news facts

  • Oracle today launched Oracle Fusion HCM purposes within the cloud, unveiling public cloud offerings of Oracle Fusion Human Capital administration (HCM) and Oracle Fusion talent management.
  • part of the these days announced Oracle Public Cloud, Oracle's commercial enterprise-grade HCM cloud functions offer the benefits valued clientele are expecting from SaaS (utility as a carrier), without the obstacles of niche SaaS solutions. They deliver all of the energy of Oracle's most superior purposes in an easy subscription pricing model.
  • With the industry's broadest company manner insurance, finished company intelligence and floor-breaking consumer experience, the new releases supply the most complete HCM cloud services obtainable these days.
  • The Oracle Fusion HCM Cloud carrier unleashes the power of your people -- taking them beyond the work day with the energy to predict, align, collaborate, and lead. unlike niche SaaS offerings, Oracle Fusion HCM includes native capabilities to control, pay and comply international.
  • The Oracle Fusion skill management Cloud service gives clever performance experiences and compensation management. it works hand in hand with Oracle Fusion HCM, or along with your present HR system.
  • The business Cloud: as simple as SaaS, As effective As Oracle

  • a part of the currently introduced Oracle Public Cloud, Oracle's commercial enterprise-grade HCM cloud purposes offer the advantages clients expect from SaaS (utility as a carrier), devoid of the boundaries of area of interest solutions. They convey the vigour of Oracle Fusion functions in an easy subscription pricing mannequin -- with out a hardware to buy and no utility to help.
  • Oracle's Cloud features are constructed on Oracle technology and assist clients' choice of deployment fashions by using providing portability between public cloud, deepest cloud and on-premise deployments.
  • groups can beginning with one module and grow to a full suite over time.
  • Oracle Fusion HCM Cloud carrier: promises an entire HCM suite, including core HR, payroll, and merits management capabilities that permit agencies to:
  • control, song and analyze worker information and goals by way of employee dashboards that supply context-specific transactional enterprise intelligence.
  • keep worker directories in a portrait format to deliver a complete view of employee profiles and effortless links to connect with them.
  • integrate worker provisioning and de-provisioning with identity administration, to simplify the critical on-boarding and off-boarding system.
  • Oracle Fusion skill management Cloud carrier: can provide compensation administration, incentive management, performance management and purpose management capabilities as a cloud service. Oracle Fusion talent administration additionally offers groundbreaking new features: together with network at Work, body of workers directory management and visible ability assessment. Oracle Fusion ability management Cloud carrier makes it possible for companies to:
  • Analyze performance by way of embedded analytics that video display skill procedures and analyze consequences.
  • establish buildings to advertise optimal efficiency corresponding to performance administration, goal administration parameters, score scales and instructions.
  • set up talents/expert networks by way of leveraging internal social networking displays to view relationships between employees, including formal organizational charts and ad hoc relationships.
  • Set, cascade and align organizational and individual desires with individual profile management capabilities.
  • supporting Quote

  • "businesses now not ought to choose from the simplicity of SaaS and the vigor of authentic business HCM," spoke of Chris Leone, neighborhood vice chairman of utility development, Oracle. "Oracle Fusion HCM and ability management in the cloud provide enormous organisations the freedom to take their HR system into the cloud, and give turning out to be groups the vigour to fireplace their niche HR solutions and get business grade vigour that can scale with their business."
  • supporting materials

    About Oracle OpenWorld Oracle OpenWorld San Francisco, the tips know-how event committed to helping companies optimize latest techniques and take into account upcoming technology breakthroughs, attracts greater than forty five,000 attendees from 117 international locations. Oracle OpenWorld 2011 presents greater than 2,000 educational periods, 400 product demos, exhibitions from 475 companions showcasing functions, middleware, database, server and storage methods, industries, management and infrastructure -- all engineered for innovation. Oracle OpenWorld 2011 is being held October 2-6 at the Moscone core in San Francisco. For extra suggestions please visit www.oracle.com/openworld. Watch Oracle OpenWorld are living on YouTube for keynotes, periods and extra at www.youtube.com/oracle.

    concerning the Oracle Public Cloud The Oracle Public Cloud is an commercial enterprise-grade cloud that offers the benefits purchasers predict from SaaS (software as a service) and PaaS (Platform as a carrier), devoid of the obstacles of area of interest options. The Oracle Public Cloud has the entire power of Oracle's most superior technology and functions in a simple subscription pricing mannequin -- without a hardware to buy or application to support.

    About Oracle Fusion purposes Oracle Fusion purposes are 100% open specifications-based mostly enterprise applications that deliver a new normal for the manner they innovate, work and undertake expertise. Delivered as an entire suite of modular functions, Oracle Fusion applications work together with current purposes portfolio to evolve enterprise to a new level of performance.

    About Oracle functions Over sixty five,000 customers worldwide depend on Oracle's complete, open and integrated enterprise functions to obtain superior outcomes. Oracle provides a relaxed route for valued clientele to benefit from the newest know-how advances that enrich the client software journey and pressure greater company performance. Oracle purposes limitless is Oracle's commitment to consumer option through continuous funding and innovation in latest functions choices. Oracle's subsequent-era Fusion functions construct upon that commitment, and are designed to work with and evolve Oracle's purposes limitless choices. Oracle's lifetime help coverage helps make sure customers will continue to have a call in improve paths, based on their enterprise wants. For extra counsel on the latest Oracle applications releases go to: www.oracle.com/functions.

    About Oracle Oracle (NASDAQ: ORCL) is the area's most finished, open, and built-in enterprise utility and hardware methods enterprise. For greater counsel about Oracle, please seek advice from their net website at http://www.oracle.com.

    logos Oracle and Java are registered emblems of Oracle and/or its associates. other names may be logos of their respective homeowners.


    Aspire methods acquires UAE-based iApps and the Oracle company Unit of Valforma | killexams.com Real Questions and Pass4sure dumps

     

     Aspire methods has introduced the 100% acquisition of iApps, an Oracle Fusion Cloud specialist, primarily based in UAE. moreover, Aspire is also buying the Oracle business Unit from Valforma expertise capabilities deepest limited. Valforma is a leading provider of business SMAC options and functions.

    iApps is an Oracle Platinum Cloud typical companion with deep talents in Oracle Fusion ERP, HCM CX, Oracle PaaS and Omni-channel Contact core. iApps has a robust music record of cloud implementations and turned into the recipient of the Oracle CX companion of the 12 months award for the center East location. The acquisition of iApps and Valforma will aid Aspire service mid-dimension and large organizations in their flow to the cloud from on-premise purposes. These acquisitions  additionally enable Aspire’s focussed effort to address the postmodern ERP method that comprises surrounding core ERP options with most reliable-in-category cloud options to permit sooner processing, more desirable collaboration and less demanding-to-use analytics.

    Aspire’s global customers will now be capable of leverage the Oracle Fusion Cloud skills of iApps and Valforma combined with the particularly specialized Cloud & Digital capabilities capability that Aspire presents. in addition, the capabilities of iApps and Valforma will also support Aspire enhance cloud-primarily based IPs together with iEstate, iAutodealer, iPublish, iQuote, and iEnergy which are trade-selected Oracle Fusion Cloud implementation accelerators.

    Commenting on the acquisition, Gowri Shankar Subramanian, Chairman and CEO, Aspire systems spoke of, “The acquisition of iApps and Valforma is according to their method to invest and deepen their capabilities in next-generation digital applied sciences that are starting to scale across the commercial enterprise panorama. during this context, the knowledge of iApps and Valforma in Oracle Fusion Cloud will add exquisite cost to their clients. Combining the capabilities of iApps and Valforma with their international presence, they can be able to deliver organizations across the world a clean migration to cloud solutions as a part of the cloud-first approach.”

    speaking on the event, Baskar Ramamurthy, Co-Founder, iApps, observed, “We see effective cultural alignment and a perfect fit with Aspire programs. Being a part of a larger group will enable us to win global alternatives and develop into the go-to Oracle Cloud partner. the integration with Aspire will assist iApps extend its geographic reach to encompass all the markets that Aspire presently operates in and support firms globally in their circulate to cloud.”

    talking on the acquisition, Kathirvelu Ramaswamy, Co-Founder, Valforma, spoke of, “This acquisition presents a superb chance for Valforma to entry wider markets. They look ahead to all of the pass-researching between Aspire, iApps and Valforma, as they collectively construct a robust, next-gen Cloud practice.”


    Oracle seeing large SaaS increase in Australia | killexams.com Real Questions and Pass4sure dumps

    Oracle's SaaS business is enjoying 100% 12 months-on-year growth in Australia, Oracle common supervisor for ERP/EPM SaaS John Leonard told iTWire.

    five years ago, a lot of Oracle's SaaS purchasers have been fairly small – SaaS had put the company's products within their reach when the on-premises equivalents had been not. as an instance, some native councils that use Oracle SaaS do not have been able to manage to pay for the capital can charge of on-premises programs, Leonard said.

    Now, centered clients of Oracle items corresponding to PeopleSoft and E-company Suite users — including executive agencies — are relocating from on-premises to SaaS.

    while Oracle's "purposes limitless" coverage ability on-premises purposes, including JD Edwards and PeopleSoft, will see carrying on with development except as a minimum 2030, shoppers can modernise their techniques via switching to the Oracle Fusion SaaS equivalent.

    well-nigh each assignment is delivered within one year, spoke of Leonard, with most achieved in 4 to eight months.

    An on-premises improve can charge as a lot as $20 million for a huge supplier, so switching to SaaS is a reduce-risk choice. "enhancements are expensive and dangerous" but they are "now not a part of the ERP world if you are on Oracle", he spoke of.

    SaaS also makes it more straightforward to undertake new technologies corresponding to blockchain, as a result of facets are introduced to each and every quarterly free up.

    around 2012, most of Oracle's CRM customers were the use of on-premises utility, however with the aid of 2016 most had been on SaaS. an analogous shift is now going on with HR and finance software, he talked about. "we now have received this basically wonderful differentiator" in that Oracle operates a true SaaS platform, where its competitors use a "managed hosted" mannequin.

    native shoppers include supplements dealer Blackmores, investment company QIC, online wine seller Vinomofo, funeral company InvoCare, quickly meals chain Hungry Jack's, and the institution of Wollongong.

    As part of a push to encourage more purchasers to move to SaaS, Oracle presents an association whereby its consulting operation does the work and consumers pay on birth. this is "a stunning first rate offer", according to Leonard.

    ERP is "a huge priority for Oracle" in terns of SaaS throughout 2019, he observed, but the business will also be pushing SaaS HCM, encouraging PeopleSoft and E-enterprise Suite HCM purchasers to move to Fusion.

    Most SaaS opponents present factor options (eg, CRM handiest or HR handiest), he stated, but all of Oracle's SaaS applications share the identical codebase and records model. companies will seek suppliers that cowl the whole of their corporations in preference to one specific area, Leonard recommended.

    an additional skills of SaaS is that it makes it possible for one to see what's going on with the software, however without being capable of see purchasers' records. So it's viable to determine rising latency concerns earlier than consumers note, and to discover developments similar to IoT adoption, and respond right now.

    And when valued clientele agree to be beta clients of new performance, this telemetry gives immediate feedback, and in some instances this capability the new function can be finalised in time for the next quarterly replace. here is only viable with SaaS, he stated, "and you keep iterating".

    SaaS is "the quickest way to get innovation into consumers' environments", providing "a big competitive capabilities".


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    Oracle Fusion HCM: Compensation 2014 Essentials

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    Like Other Old-Tech Names, Oracle's Value Is Tied To Its Ability To Reignite Growth | killexams.com real questions and Pass4sure dumps

    No result found, try new keyword!Oracle also does have some strong offerings on the cloud/SaaS side. Oracle Fusion is a legitimately strong business, with Fusion ERP, Fusion HCM, and Fusion CX generally ... constant currency revenue ...

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    The SPN job board is sponsored by Hudl. Hudl is looking for great designers, developers and project managers. Know one? Hit them up: hudl.com/jobs.

    Every week, Silicon Prairie News presents opportunities in the region’s tech, startup and creative community. From a contract job to a co-founder role, these positions are submitted by companies and gathered from public postings.

    To submit a job listing for consideration (free), complete their job board submission form. To feature a job listing (paid), select the duration in the form. Positions submitted by noon each Thursday will be presented in Friday’s weekly post. Contact editor@siliconprairienews.com with questions.

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    Linux Network Administrator, Strenuus LLC (Overland Park, Kan.) – Strenuus is the healthcare industry leader in network analysis, competitive Intelligence and insurance exchange technology.

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    Information Assurance Engineer, Union Pacific Railroad (Omaha) – UP is America’s premier transportation and logistics company headquartered in Omaha.

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    This role is responsible for hands-on configuration and implementation on the follow Oracle Fusion HCM modules: Performance Management, Goals Management, Talent Review Succession and Workforce Compensation. This role has both large technical and business components that require communication skills that span multiple skill sets.

    See posting

    Digital Producer, Bailey Lauermann (Omaha) — Ad Age’s 2013 National Small Agency of the Year has earned a national reputation for working with top brands including AMC and Disney.

    Do you keep your finger on the pulse of web technologies? Do you have a passion for bringing ideas to life in the digital space? Do you possess excellent communication, and multi-tasking abilities? They just may have the gig for you at Ad Age’s 2013 Small Agency of the Year.

    See posting

    ASP.NET Web Developer, Sandhills Publishing (Lincoln) – Sandhills is a provider of software and print services to companies and consumers worldwide in industries ranging from agriculture to technology.

    ASP.NET Web Developer – $80-160k/year. Apply online at www.sandhills.jobs

    See posting

    Senior IT Architect, Principal Financial Group (Des Moines) – The Principal is a leading global financial company offering businesses, individuals and institutional clients a wide range of financial products and services.

    Specific job activities include architecture/design consultation, facilitation and participation in department architecture and design reviews, creation of system and departmental architectures and participation/representation in department and enterprise architecture initiatives. This role is instrumental in developing, sustaining, and promoting strategic architecture within projects.

    See posting

    .NET Web Application Developer, BuilderTREND (Omaha) – BuilderTREND is one of the most progressive and widely used international cloud-based applications in the residential construction industry.

    Do you like to see direct results from your work?  If so, BuilderTREND Solutions could be the place for you.  We develop features rapidly, and it is not uncommon to have an idea and have that idea live in their platform within days.  If you work for BuilderTREND, you will be working on important projects and will make an immediate impact in the organization.  We’re a fast growing company with exciting future plans, and we’re looking for talented developers to join their team!  We are looking for developers who excel with the .NET Framework and various client-side web technologies.

    See posting

    Interactive Designer, Hudl (Lincoln) – Hudl provides web-based software that helps sports teams connect around the video and data they need to win.

    Do you love sports? Good. Because for you, there isn’t a better interactive design job on the planet.

    See posting

    Application Developer (.NET), Farm Credit Services of America (Omaha) – FCSAmerica is dedicated to serving the agricultural credit, risk management and financial needs of farmers & ranchers in Iowa, Nebraska, South Dakota and Wyoming. See posting

    Software Developer, Premier Crop Systems (West Des Moines) – A leading precision agricultural data processing and analysis company. They are located in West Des Moines, Iowa. See posting

    Software Systems Engineer, Farm Credit Services of America – FCSAmerica is dedicated to serving the agricultural credit, risk management and financial needs of farmers & ranchers in Iowa, Nebraska, South Dakota and Wyoming. See posting

    Web Developer, David Day Associates – dda is an Omaha-based company that awakens the value of brand in business. They get to the heart of your brand to help it connect with the people who matter. See posting

    Cloud Engineer, Appcore (Des Moines) – Appcore® is a software company that simplifies the complexity of cloud management for public and private environments. See posting

    Software Engineer/Web Developer, Foliotek Inc. (Kansas City) – Foliotek’s Education Platform currently has over 100,000 students and is implemented across the country with over 80 institutions. Please contact Andrew Miller.

    Distributed Messaging Engineer, Union Pacific Railroad (Omaha) – America’s premier transportation and logistics company headquartered in Omaha. See posting

    Information Assurance Engineer, Union Pacific Railroad (Omaha) – UPRR is America’s premier transportation and logistics company headquartered in Omaha. See posting

    JAVA Developer, Union Pacific Railroad (Omaha) – UPRR is America’s premier transportation and logistics company. See posting

    OBI/CRM Developer, Union Pacific Railroad (Omaha) – UPRR is America’s premier transportation and logistics company headquartered in Omaha. (See posting) 

    Cloud Engineer, Appcore (Des Moines) – Appcore is looking for the innovative DevOps engineers to build better clouds. Utilize tools from Puppet and SaltStack to Java and Groovy application development. (See posting) 

    Senior Web Engineer, Red Nova Labs (Westwood, Kan.) – Our savvy team of developers works hard to not only master the industry—but to lead it. Do you have what it takes to make us better? (See posting) 

    ASP.NET Software Developer, Software Technology, Inc. (Lincoln) – Design leading-edge web applications using the latest server and client side technologies. Apply your problem-solving creativity with a high-performing team. (See posting) 

    IT Applications Developer/Senior, OCIO-State of Nebraska (Lincoln) – The OCIO provides premier information technology leadership, policy, and operations which leads to an effective, responsive and efficient government. (See posting) 

    Software Engineer, Pear Deck (Iowa City, Iowa) – Pear Deck is an internet startup making a web app that helps teachers engage students in school. (See posting) 

    C#.NET/Single Page Application Developer (Employee Consultant), Keyhole Software (Leawood, Kan.) – Midwest-based software development and consulting firm founded on the principle of delivering quality solutions through a talented technical team. They love dev. (See posting) 

    Java/Single Page Application Developer (Employee Consultant), Keyhole Software (Leawood, Kan.) – Midwest-based software development and consulting firm founded on the principle of delivering quality solutions through a talented technical team. They love dev. (See posting) 

    Database/Intake Tool Developer, King of Kings (Omaha) – King of Kings Church is a 21st century mission center filled with the most imaginative, innovative and involved followers of Jesus. (See posting)

    Programmer, Appcore (Des Moines) – Appcore is seeking a Programmer to design & develop cloud automation technology to simplify cloud for administrators, while increasing functionality. (See posting)

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    C#.NET / Single Page Application Developer (Employee Consultant), Keyhole Software (Leawood, Kan.) – Midwest-based software development & consulting firm founded on the principle of delivering quality solutions through a talented technical team. They love dev. (See posting)

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    Senior JavaScript Engineer, Telepharm (Iowa City) – TelePharm creates software to make pharmacy care more personalized. (Contact Roby)

    ASP.NET Web Developer, Sandhills Publishing (Lincoln) – Sandhills is a provider of software and print services to companies and consumers worldwide in industries ranging from agriculture to technology. (See posting)

    Software Developer, HealthInterlink, LC (Omaha) – HealthInterlink is a medical software and mobile app company specializing in remote patient monitoring. (See posting)

    Front-end Engineer, Red Nova Labs (Westwood, KS) – Our savvy team of developers works hard to not only master the industry – but to lead it. Do you have what it takes to make us better? (See posting)

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    Senior Ruby on Rails Engineer, Red Nova Labs (Westwood, KS) – Our savvy team of developers works hard to not only master the industry – but to lead it. Do you have what it takes to make us better? (See posting)

    Senior Software Engineer, Red Nova Labs (Westwood, KS) – Our savvy team of developers works hard to not only master the industry – but to lead it. Do you have what it takes to make us better? (See posting)

    Web Developer, Red Nova Labs (Westwood, KS) – Our savvy team of developers works hard to not only master the industry – but to lead it. Do you have what it takes to make us better? (See posting)

    .NET Web Application Developer, BuilderTREND (Omaha) –  BuilderTREND is one of the most progressive and widely used international cloud-based applications in the residential construction industry. They provide web-based home builder software to optimize communication between the builders, their customers, vendors and subcontractors. (See posting)

    Software Developer, Hudl (Lincoln) – Hudl provides web-based software that helps sports teams connect around the video and data they need to win. (See posting)

    Software Quality Assurance Analyst, Hudl (Lincoln) – Hudl provides web-based software that helps sports teams connect around the video and data they need to win. (See posting)

    Interactive Designer, Bozell (Omaha) – Bozell is a full-service, creative marketing communications company based in Omaha. They do everything from broadcast to PR and, of course, digital. (See posting) 

    Java Designer/Technical Lead, The Principal Financial Group (Des Moines) – The Principal® is a leading global financial company offering businesses, individuals and institutional clients a wide range of financial products and services. (See posting) 

    Associate Creative Director, Design, Phenomblue (Omaha) – Phenomblue is a brand experience agency using strategy, creative and technology to connect people and brands. (See posting) 

    Oracle Fusion Developer, The Principal Financial Group (Des Moines) – The Principal is a leading global financial company offering businesses, individuals and institutional clients a wide range of financial products and services. (See posting)

    Web Designer, Arbor Day Foundation (Lincoln) – The Arbor Day Foundation is a nonprofit conservation and education organization. It is the largest environmental nonprofit dedicated to planting trees. (See posting)

    Senior IT Architect, Principal Financial Group (Des Moines) – The Principal is a leading global financial company offering businesses, individuals and institutional clients a wide range of financial products and services. (See posting) 

    Product Designer, Hudl (Lincoln) – Hudl provides web-based software that helps sports teams connect around the video and data they need to win. (See posting) 

    Director – International Business Development, Greater Omaha Chamber (Omaha) – The mission of the Chamber is to increase business, investment and employment in the Greater Omaha area.

    Account Director, Phenomblue (Omaha) – Phenomblue is a brand experience agency using strategy, creative and technology to connect people and brands. (See posting) 

    Business Development Professional, Kansas City Web Design (Overland Park, Kan.) – SEO services and web development firm in Kansas City seeks experienced business development pro to convert inbound marketing leads and develop new business. (See posting) 

    Software Project Manager, Hudl (Lincoln) – Hudl provides web-based software that helps sports teams connect around the video and data they need to win. (See posting)

    Business Development – International Sales, Hudl (Lincoln) – Hudl provides web-based software that helps sports teams connect around the video and data they need to win. (See posting)

    Content Marketing Intern, Nuvem Consulting (Omaha) – A leading cloud technology firm in the Midwest. They design, develop, integrate and manage apps on Salesforce, mobile and other platforms. See posting

    Adventurous Software Engineer Intern, Locusic (Ankeny, Iowa) – Locusic is an Internet startup with a local music streaming service, like Pandora or Spotify for local bands. See posting

    Market Research Intern, Insights Media (Kansas City) – Insights Meta offers decades of combined experience in game development, market and consumer intelligence, and…well, playing games. (See posting)

    Associate Creative Director, Copy, Phenomblue (Omaha) – Phenomblue is a brand experience agency using strategy, creative and technology to connect people and brands. (See posting) 

    Marketing Coordinator, Brigtergy (Kansas City) – Brightergy is a new kind of energy company. They represent a choice in energy: a partner in energy management, and a conduit to cheaper, cleaner energy resources. (See posting)

    Interactive Designer, Hudl (Lincoln) – Hudl provides web-based software that helps sports teams connect around the video and data they need to win. (See posting)

    The SPN Job Board is sponsored by Hudl.

    We design, build, test, sell and support the best video analysis tools. Their software bonds teams together. If you’re ready to make a difference in the sports world, apply at www.hudl.com/jobs.

    (Visited 1 times, 1 visits today)


    Oracle Beats Q2 Earnings on Rev Growth | killexams.com real questions and Pass4sure dumps

    Oracle Corp. (ORCL) reported better-than-expected second quarter of fiscal 2014. After consecutively missing for the last three quarters, the company finally succeeded in beating the Zacks Consensus Estimate for revenues in the reported quarter.

    Hardware revenues (in terms of $) were flat with the year-ago quarter, a much improved performance. Although new software license sales declined marginally (in terms of $), considering tough year-over-year comparisons (18.0% growth in the year-ago quarter) the result was commendable.

    Most significantly, engineered systems continued to gain traction as bookings growth was approximately 35.0%. Cloud bookings also jumped 35.0% during the quarter. Management provided optimistic third-quarter revenue guidance.

    Oracle reported earnings of 69 cents per share, which increased 7.8% year over year. However, adjusting for stock-based compensation, earnings were actually 66 cents per share, couple of cents better than the Zacks Consensus Estimate.

    Revenues

    Revenues increased 2.0% year over year to $9.28 billion in the first quarter of fiscal 2014. Unfavorable currency negatively impacted revenues by 1.0% in the quarter. The year-over-year growth was toward the higher end of management’s guided range of (1.0%)–2.0% growth.

    Software revenues (74.3% of revenues) increased 3.5% year over year to $6.90 billion, primarily driven by a 6.0% increase in software license update and product support revenues. New software licenses and cloud software subscription revenues declined marginally.

    In cloud, Oracle achieved strong growth in all major products, including Fusion SaaS. Human Capital Management (:HCM), Sales Automation and Enterprise Resource Planning (:ERP) bookings grew by triple digits in the quarter.

    The company added a number of new clients in HCM, which includes the likes of British Telecom, Siemens North America and PPG Industries.

    Hardware revenues of $1.33 billion were flat on a year-over-year basis, much better than management’s guided range of 11.0% to 1.0% decline. Unfavorable currency negatively impacted revenues by 2.0% in the quarter.

    The improvement was primarily due to a 3.9% year-over-year growth in hardware systems support revenues. Hardware systems products declined 2.7% year over year to $714.0 million.

    Engineered systems (Exadata, Exalogic, Exalytics, Big Data Appliance, SPARC SuperCluster) customer base continued to grow in the quarter. Engineered Systems now account for 30% of hardware revenues.

    Oracle added a number of new clients such as All Nippon Airways, Live Nation, Tesco, Washington Post and Procter & Gamble (PG) in the quarter

    Services revenues declined 6.0% year over year to $1.06 billion in the reported quarter.

    Geographically, the Americas grew 4.3% year over year, primarily driven by strong performance in Latin America. Europe, Middle East and Africa (:EMEA) increased 4.3% from the year-ago quarter. Asia Pacific declined 9.0% year over year, due to weak performance in Japan and Australia.

    Margins

    Total operating expenses as a percentage of revenues increased 100 basis points (bps) from the year-ago quarter to 56.2%. Sales & marketing (S&M), research & development (R&D) and Services jointly incurred 78.3% of the operating expenses in the quarter.

    S&M and R&D expenses increased 170 bps and 50 bps, respectively, on a year-over-year basis in the quarter. The year-over-year growth in S&M expense reflects Oracle’s growing sales personnel base. However, services as a percentage of revenues declined 100 bps from the year-ago quarter.

    Operating margin contracted 100 bps on a year-over-year basis to 43.8%, primarily due to higher operating expenses. Net income margin declined 30 bps on a year-over-year basis to 32.6% in the quarter.

    Liquidity

    Oracle exited the second quarter with cash and marketable securities of $36.97 billion compared with $39.10 billion at the end of the previous quarter. GAAP operating cash flow was $15.20 billion compared with $14.85 billion in the previous quarter.

    Free cash flow of $14.62 billion ($14.18 billion in the previous quarter) was impressive, providing ample liquidity to Oracle in order to pursue acquisitions, sustain dividend payments and further share repurchase. Oracle bought back 83.4 million shares for $2.8 billion in the quarter.

    Guidance

    For the third quarter of 2014, Oracle expects non-GAAP earnings in the range of 68 to 72 cents per share. Currently, the Zacks Consensus Estimate is pegged at 67 cents, slightly below the low-end of guided range.

    Revenues on a non-GAAP basis is expected to grow in the range of 2.0% to 6.0% (in $). New software license and cloud subscription revenue growth is expected to range from 1.0% to 11.0%. Hardware product revenues are expected to be in the range of (2.0%) to 8.0% in the upcoming quarter.

    Our Take

    Oracle’s second-quarter results provided a sigh of relief to its investors as it reflected that management’s turnaround initiatives are working. They believe that the speedy adoption of engineered systems and cloud suites will drive incremental top-line growth, going ahead.

    Oracle’s low cost engineered systems (Oracle Virtual Compute Appliance) are also expected to attract price-sensitive customers in the long run. However, the company will face significant competition from Cisco (CSCO) in this market.

    Although government IT spending is expected to remain muted, improving macroeconomic environment in the Americas and EMEA is expected to boost enterprise spending in the remainder of 2014. This will also boost Oracle’s top-line growth, going forward.

    Geographically, Asia-Pacific is expected to remain a headwind, particularly due to broad macroeconomic issues in Australia and New Zealand, despite strong anticipated growth in China.

    Moreover, higher subscription revenues are expected to provide a recurring high margin revenue base, going forward. Additionally, improvement in sales force hiring rate will continue to boost bookings. However, this may hurt margin expansion in the near term.

    Further, stiff competition from the likes of International Business Machines (IBM) remains a major headwind in the near term.

    Currently, Oracle has a Zacks Rank #3 (Hold).

    Read the Full Research Report on PGRead the Full Research Report on IBMRead the Full Research Report on CSCORead the Full Research Report on ORCL

    Zacks Investment Research



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