Tech behemoth Oracle Inc. (Nasdaq: ORCL) announced Monday it's buying MICROS Systems Inc. (Nasdaq: MCRS) for $5.3 billion, a move aimed at expanding its software offerings in the hospitality and retail segments.
The news sent ORCL stock up slightly in trading today, and the acquisition is part of a long-term plan from Oracle and CEO Larry Ellison.
Here’s why the deal could continue to send ORCL stock higher…
Tech behemoth Oracle Inc. (Nasdaq: ORCL) announced Monday it's buying MICROS Systems Inc. (Nasdaq: MCRS) for $5.3 billion, a move aimed at expanding its software offerings in the hospitality and retail segments.
The news sent ORCL stock up slightly in trading today, and the acquisition is part of a long-term plan from Oracle and CEO Larry Ellison.
Here’s why the deal could continue to send ORCL stock higher…
