Welcome to the late September 2014 edition of our monthly news. This month we are seeing activity around acquisitions and we’re gearing up for a trip to Las Vegas for the US HR Tech Conference.
During the month co-Founder Larry Ellison stepped down as CEO from Oracle after being in the role since the organisation was founded in 1977. Replacing Larry as Co-CEOs will be Safra Catz and Mark Hurd. All manufacturing, finance, and legal functions will continue to report to Safra. All sales, service and vertical industry global business units will continue to report to Mark. Larry will not be leaving the organisation, instead he will now be Oracle Chairman and CTO, responsible for all software and hardware engineering functions.
Oracle’s fiscal 2015 Q1 total revenues were up 3% to $8.6 billion with software plus Cloud revenue was up 6% to $6.6 billion. The real growth has been in Software-as-a-service and Platform-as-a-service revenue was up 32% to $337 million. GAAP earnings per share were $0.48, up 2% compared to last year. They also noted the Fusion Cloud business (HCM) which grew nearly 200% in the quarter, with Oracle now claiming to have three times the number of customers than Workday.
Finally at Oracle Open World they announced the release of Oracle HCM Cloud Release 9. Key features of Release 9 include:
Local learning provider Looop raised a $2 million seed round from an undisclosed education investor to fuel growth into the UK market. Looop provides a mobile-friendly platform to enable small-to-medium sized business to deliver training online.
More international success with Savv-e winning a Bronze award at the recent Brandon Hall Group Excellence Awards in the Best Extended Learning category.
Talent Management Vendor PageUp have recently won several large deals in the US education sector building on successes in Australia, the latest being The University of Alabama. In addition PageUp have entered into a formal partnership with industry association, the College and University Professional Association for Human Resources (CUPA-HR).
PayAsia an Asian based Payroll and HR Outsourced service provider has appointed Con Rangas as their Australian Business Development Manager. PayAsia, run by Mark Samlal who was instrumental in the establishment of ADP in Australia through the acquisition of Lend Lease Employer Services, has been providing payroll services across 24 countries for over 8 years.
IBM’s Jeopardy winning super computer Watson has been made available as an Analytics-as-a-Service offering. Watson Analytics can import data from various sources including spreadsheets, Salesforce.com, Google Docs, Oracle databases, online storage services.
A tool like Watson Analytics allows business users to start to undertake predictive analytics without the need to invest in a dedicated analytics tool. It will be interesting to see what innovative workplace solutions can be built on the platform.
Talent Management vendor Saba announced during the month they had secured three new patents in the areas of social network influence analysis, offline learning access and enterprise-wide security control.
Saba also delivered high-level quarterly metrics with new cloud bookings growing 84% for Q1 fiscal year 2015 over the prior year period and 78% on a trailing twelve month basis over the respective prior year period. Saba also noted that as a result of its pending restatement of certain historical financial results detailed results were not yet available.
Remesys was selected as a finalist in the Customer Service Award category at Fonterra’s 2014 Vendor Awards.
Remesys have also welcomed a number of new clients the last couple of months including AMP, Boral, CCH, HCF, Fonterra, Foxtel, GrainCorp and Sportsbet.
Both Peter Forbes and myself are heading over to Las Vegas in early October to attend the 17th HR Technology Conference & Exposition in Las Vegas.
Some of the expected high lights include keynotes by Rahaf Harfoush, Andrew McAfee and R “Ray” Wang, the release of the Sierra-Cedar 17th HR Systems Survey, Top HR Products of 2014 Awards Luncheon, Awesome New Technologies for HR, lots of session on analytics and the various vendors on the exhibition floor.
We will provide a wrap up on the event on our return.
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