Reuters ReutersNEW YORK (Reuters Breakingviews) - Oracle has spent the past few years buying back an extraordinary amount of its own stock. Assume Oracle were to leave research and development spending intact but slash Cerner's $3 billion of other operating costs in half. Buying Cerner could help, as workloads running on Amazon might be moved, at least in part, to Oracle’s systems. But Oracle said $10 billion more had been added to its repurchase program when it reported earnings https://s23.q4cdn.com/440135859/files/doc_financials/2022/q2/2q22-pressrelease-December.pdf last week. Enterprise software firm Oracle had a market capitalization of $275 billion based on closing prices on Dec. 16, before the article was published.

Source: Wall Street Journal December 18, 2021 04:48 UTC