Bulletin
Investor Alert

Market Pulse Archives

Aug. 26, 2019, 4:07 p.m. EDT

Oracle plans another appeal in $10 billion government cloud award

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Oracle Corp. (ORCL)
  • X
    Microsoft Corp. (MSFT)
  • X
    Amazon.com Inc. (AMZN)

or Cancel Already have a watchlist? Log In

By Jon Swartz

Oracle Corp. /zigman2/quotes/202180826/composite ORCL +0.61% plans another appeal in the imminent award of a massive federal government procurement its General Counsel Dorian Daley says was "unlawful on several grounds." The $10 billion Joint Enterprise Defense Infrastructure (JEDI), is expected to be awarded by the Defense Department in September. Microsoft Corp. /zigman2/quotes/207732364/composite MSFT +0.64% and Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN +0.32% are finalists for the cloud deal after Oracle and International Business Machines Corp. /zigman2/quotes/203856914/composite IBM +0.12% were eliminated earlier this year. Oracle sued, claiming Amazon had an unfair advantage because of a conflict of interest, but a judge dismissed the case last month.

/zigman2/quotes/202180826/composite
US : U.S.: NYSE
$ 57.76
+0.35 +0.61%
Volume: 5.63M
Nov. 27, 2020 5:00p
P/E Ratio
18.11
Dividend Yield
1.66%
Market Cap
$173.91 billion
Rev. per Employee
$289,393
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 215.23
+1.36 +0.64%
Volume: 14.51M
Nov. 27, 2020 1:00p
P/E Ratio
34.72
Dividend Yield
1.04%
Market Cap
$1627.25 billion
Rev. per Employee
$877,393
loading...
/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,195.34
+10.27 +0.32%
Volume: 2.39M
Nov. 27, 2020 1:00p
P/E Ratio
93.58
Dividend Yield
N/A
Market Cap
$1603.27 billion
Rev. per Employee
$351,531
loading...
/zigman2/quotes/203856914/composite
US : U.S.: NYSE
$ 124.35
+0.15 +0.12%
Volume: 2.09M
Nov. 27, 2020 5:00p
P/E Ratio
14.08
Dividend Yield
5.24%
Market Cap
$110.80 billion
Rev. per Employee
$201,008
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.