Oracle Corporation (NASDAQ:ORCL), the biggest producer of database software, decided to pay $2 million to fix charges by the United States Securities and Exchange Commission that it dishonored the Foreign Corrupt Practices Act.
The Securities and Exchange Commission reported in a statement that the corporation failed to stop a subsidiary from secretly setting aside money off the corporation’s books that was used to make unauthorized payments to phony vendors in India.
Director of the SEC’s San Francisco office Marc Fagel stated that through its subsidiary’s use of secret cash cushions, Oracle uncovered itself to the risk that these veiled funds would be put to unlawful use.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. CA, Inc (NASDAQ:CA) rose +1.30% to settle at $25.78, Microsoft Corporation (NASDAQ:MSFT) moved up +1.92% to end at $30.78 while International Business Machines Corp (NYSE:IBM) jumped +1.23% to finish on Thursday at $200.84.
Oracle Corporation (NASDAQ:ORCL) last session volume of 20.33 million shares was surprisingly lower than its average volume of 21.15 million shares. The stock after opening at $31.64 hit high price of $32.21 and then closed at $32.03 by scoring +1.52%.
The liquidity measure in recent quarter results of the company was recorded 2.60 as current ratio and on the other side the debt to equity ratio was 0.38 and long-term debt to equity ratio also remained 0.31. The Company had total cash at hand $30.68 billion and a book value per share as $8.91 in the most recent quarter.
The stock price volatility was 1.48% for a week and 1.843% for a month as well as price volatility’s Average True Range for 14 days was 0.62 and its beta remained 1.12.
ORCL generated revenue of 37.12 billion in the following twelve months and earned $9.98 billion. The Company showed a positive +26.89% in the net profit margin and as well as in its operating margin which +36.92%. Company’s annual sales growth for the past five year was 15.58%.
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