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 -3.31% 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 +1.23% and Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN +0.51% are finalists for the cloud deal after Oracle and International Business Machines Corp. /zigman2/quotes/203856914/composite IBM +0.45% 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
$ 87.69
-3.00 -3.31%
Volume: 12.68M
July 23, 2021 4:02p
P/E Ratio
19.17
Dividend Yield
1.46%
Market Cap
$244.83 billion
Rev. per Employee
$306,659
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 289.67
+3.53 +1.23%
Volume: 22.77M
July 23, 2021 4:00p
P/E Ratio
39.42
Dividend Yield
0.77%
Market Cap
$2181.67 billion
Rev. per Employee
$877,393
loading...
/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,656.64
+18.61 +0.51%
Volume: 2.44M
July 23, 2021 4:00p
P/E Ratio
69.59
Dividend Yield
N/A
Market Cap
$1844.13 billion
Rev. per Employee
$297,430
loading...
/zigman2/quotes/203856914/composite
US : U.S.: NYSE
$ 141.34
+0.63 +0.45%
Volume: 4.47M
July 23, 2021 4:00p
P/E Ratio
23.83
Dividend Yield
4.64%
Market Cap
$126.29 billion
Rev. per Employee
$196,163
loading...

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

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.