Oracle Corp said it would purchase Micros Systems in a $5.3 billion deal as the world's No.2 business software maker looks to boost flagging growth through acquisitions.The purchase of Micros, which makes point-of-sale hardware and software for restaurants and hotels, is the first multi-billion dollar acquisition by Larry Ellison-led Oracle in five years and follows disappointing fourth-quarter results.Analysts said the acquisition could be first in a string of deals for Oracle, which has been stung by aggressive pricing by companies such as Salesforce.com Inc and Workday Inc for their software and internet-based products."I think this is really Larry Ellison looking in the mirror realizing the need to get aggressive yet again on M&A," FBR Capital Markets analyst Daniel Ives told Reuters.
salesforce.com, inc. is a provider of enterprise cloud computing and social enterprise solutions. Shares of CRM traded higher by 0.99% or $0.57/share to $58.08. In the past year, the shares have traded as low as $36.13 and as high as $67.00. On average, 6700580 shares of CRM exchange hands on a given day and today's volume is recorded at 1914978.
MICROS Systems, Inc. (MICROS) is a global designer, manufacturer, marketer, and servicer of enterprise information solutions for the global hospitality and retail industries. Shares of MCRS traded higher by 3.34% or $2.2/share to $67.97. In the past year, the shares have traded as low as $41.78 and as high as $70.24. On average, 987925 shares of MCRS exchange hands on a given day and today's volume is recorded at 17129532.
Workday, Inc., is a provider of enterprise cloud-based applications for human capital management (HCM), payroll, financial management, time tracking, procurement and employee expense management. Shares of WDAY traded higher by 1.66% or $1.41/share to $86.27. In the past year, the shares have traded as low as $61.45 and as high as $116.47. On average, 2914190 shares of WDAY exchange hands on a given day and today's volume is recorded at 990885.
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