Oracle says COVID-19 could affect its 'largest revenue quarter' - Business Insider

Oracle said it is monitoring the impact of the coronavirus crisis which the tech giant could have an impact on its "largest revenue quarter."

Oracle shared the insight in a Monday filing with the US Securities and Exchange Commission, a preliminary prospectus supplement for a new bond offering which is expected to be completed this week. Oracle's fiscal fourth quarter, which began in March, is typically the tech giant's stronger quarter when it records a big chunk of its revenue. The company reported results for its fiscal third quarter three weeks ago whensaid the impact of the crisis was unknown and that Oracle was "largely conducting business as usual."

Many enterprise tech companies are expected to have a hard time signing up new customers and closing deals, which typically involve in-person meetings, because of the lockdown in many key markets. The overall uncertainty in the global economy is also expected to lead to a drop in demand.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Coronavirus: Germany plans COVID-19 'immunity certificates' testing - Business InsiderGermany could issue hundreds of thousands of people with coronavirus 'immunity certificates' so they can leave the lockdown early BIUK This feels like people will intentionally go out of their way to get infected in order to get one of these certificates and get back to work. Joeezy_ACH hope this means y’all can fly back to the states. 🤞🏾 BIUK Great idea! BorisJohnson
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

Photos: Airlines park grounded planes at airports, runways: COVID-19 - Business InsiderIncredible satellite photos show parked planes sitting on runways at airports in the US and Europe, as COVID-19 puts a near stop to global air travel
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »