Latest news with #SvenHoppe
Yahoo
4 days ago
- Sport
- Yahoo
Elber warns Bayern of difficult match against Flamengo
Bayern Munich's Jamal Musiala pulls a jukebox across the pitch during a training session at the ESPN Sports Complex ahead Sunday's FIFA Club World Cup round of 16 soccer match against CR Flamengo. Sven Hoppe/dpa Former Brazilian international Giovane Elber warned his ex-club Bayern Munich that they will have a difficult piece of work when facing Flamengo in the last 16 of the Club World Cup. "It will be very difficult. The Brazilian teams are taking this tournament extremely seriously," Elber told the t-online news portal in an interview published on Saturday. Advertisement "The Club World Cup is huge for them. They want to show that they can keep up with the top European teams," he said. Three-time Copa Libertadores champions Flamengo defeated Chelsea 3-1 in the group stage. "Vincent Kompany and his coaching staff know what's coming their way. Flamengo were outstanding against Chelsea and almost everything worked for them," Elber said. But he still sees Bayern as the "clear favourites" to win the match and advance to the quarter-finals. "Flamengo are strong, no question about that. But we have the better squad, also in terms of depth." Elber played 266 games for Bayern and scored 139 goals. He won the Bundesliga four times and the Champions League once with the Bavarians.
Yahoo
5 days ago
- Sport
- Yahoo
Bayern with successive home games v Leverkusen and Dortmund
Bayern Munich players huddle during a training session at the ESPN Sports Complex ahead Sunday's FIFA Club World Cup round of 16 soccer match against CR Flamengo. Sven Hoppe/dpa Champions Bayern Munich have the chance to make an early Bundesliga season statement when they play runners-up Bayer Leverkusen and Borussia Dortmund in back-to-back home games in autumn. The German Football League (DFL) published the full schedule on Friday, the after announcing that Bayern would start the season on August 22 against RB Leipzig. Advertisement Leverkusen start the post-Xabi Alonso and Florian Wirtz era against Hoffenheim, and Dortmund are at St Pauli. Bayern will play Dortmund on matchday seven October 17-19 after an international break, and then host Leverkusen on matchday nine two weeks later. The reverse fixtures are in spring. Bayern end the season at home against promoted Cologne on May 16, after finishing the past two campaigns in Hoffenheim. Dortmund also finish away, at Werder Bremen, while Leverkusen's last game is at home against SV Hamburg. Promoted Cologne and SV Hamburg both start away, at Mainz and Borussia Mönchengladbach, respectively. Advertisement Hamburg then have a home derby against St Pauli before travelling to Munich on matchday three, which also features Leverkusen v third-place finishers Eintracht Frankfurt. The first Gladbach v Cologne derby is on matchday 10 in early November. The 15th matchday ends this year's action, with Bayern at Heidenheim, and the champions restart after a short two-week winter break against Wolfsburg on January 9-11. Dortmund play Frankfurt the same weekend. Other matchday one fixtures meanwhile are Freiburg v Augsburg, Union Berlin v Stuttgart, Heidenheim v Wolfsburg and Frankfurt v Bremen.
Forbes
15-06-2025
- Business
- Forbes
Oracle's FY26 Revenue To Hit $67 Billion Backed By 70% Cloud Infra Growth
Oracle stock jumps to $215 as CEO raises guidance for cloud infra growth to 70% for FY26. Photo: ... More Sven Hoppe/dpa (Photo by Sven Hoppe/picture alliance via Getty Images) Oracle Corporation's (NYSE: ORCL) stock soared to $215 per share on Friday, June 13, 2025, climbing 22% after the database provider announced its FY25 results on June 11, 2025. The company outperformed analyst expectations, posting Q4 2025 revenue at $15.9 billion, up 11% year-on-year (y-o-y) driven by strong growth in its cloud services and licenses support revenue. For FY25, the company posted total revenue of $57.4 billion, an increase of 8% compared to last year. Adjusted net income for the year was $17.3 billion, or $6.03 per share. However, the highlight of the earnings release was the robust growth in the company's remaining performance obligations (RPO). The RPO stood at $138 billion at the end of FY25, $8 billion higher from the previous quarter and a 41% increase compared to last year. A solid RPO number not only provides visibility about the company's future revenues and profitability but is also indicative of the robust demand for its infrastructure services and a strong customer conversion rate. Oracle posted a strong Q4 2025 performance with total revenue at $15.9 billion, ahead of market expectations of $15.8 billion. Cloud services revenue, which includes infrastructure and applications, was $6.7 billion, 27% higher y-o-y. Infrastructure revenue soared to $3.0 billion, up 52% y-o-y, and application revenue rose to $3.7 billion, an improvement of 12% y-o-y. License support revenue was largely flat at $5 billion, while cloud license and on-premise license revenue increased to $2.0 billion, higher by 9% y-o-y. Non-GAAP earnings for the quarter stood at $1.70 per share, and GAAP earnings at $1.19 per share. For FY25, the company reported total revenue of $57.4 billion. Cloud services revenue rose to $24.5 billion, 24% higher y-o-y, while license support revenue was flat y-o-y at $19.5 billion. Cloud on-premise revenue for the year improved slightly to $5.2 billion. Non-GAAP operating income for FY25 was $25 billion, with operating margin of 44%, flat y-o-y, implying that the revenue growth did not come at the cost of profitability. Capital expenditure for 4Q 2025 and FY25 was $9.1 billion and $21.2 billion respectively. The company generated $20.8 billion in operating cash flow, up 12% from the previous year, which is likely to augment its plans to expand its global data center footprint. Oracle announced a cash dividend of $0.50 per share for Q4 2025 for outstanding common shares. The remaining performance obligation or RPO is the revenue that customers have committed to pay to a company for services that will be delivered by it in the foreseeable future. Oracle's RPO of $138 billion implies that at the current revenue rate of $57.4 billion, it has already secured two and a half years' worth of revenue, providing visibility into its future revenue and earnings. The main driver behind the surge in Oracle's RPO has been strong growth in its OCI business. Though Oracle joined the cloud infrastructure game a little late, it caught up fast. Oracle offers customized solutions to enterprise customers, saving their costs while providing them with higher flexibility. With a strategic focus on broadening its AI agent integration across applications, multi-cloud expansion, and accelerated infrastructure rollout, the company has been able to grow its OCI revenue sharply over the last couple of years. In Q4 2025, Oracle's OCI revenue stood at $3 billion, an increase of 52% y-o-y, while its competitors – Amazon Web Services, Google Cloud and Microsoft Azure– witnessed a moderate growth during the period. During the Q4 conference call, Oracle's CEO, Safra Catz, highlighted FY26 as a tipping point in the company's cloud transition journey. Given the continued demand for cloud applications and infrastructure, including database services, the management raised the FY26 revenue guidance to $67 billion, $1 billion higher than the previous guidance. Catz also showed strong optimism towards growth in its cloud business in FY26, with combined cloud growth (applications plus infrastructure) expected to grow over 40% in FY26, compared to 24% in FY25. Individually, the OCI business is estimated to grow from 50% in FY25 to over 70% in FY26. The company's large and loyal on-premise customer base is likely to provide a strong clientele for its infrastructure services. Addition of over 100 AI agents, a strong RPO and high renewal rate of its strategic SaaS products will be the primary drivers for OCI growth in FY26. With a sharp growth in OCI, the company's RPO is expected to more than double by the end of FY26. Further, the management estimates its annual capital expenditure to be north of $25 billion focused on building revenue-generating equipment for the expansion of data centers. For Q1 2026, Oracle's total revenue is expected to grow between 11% and 13% in constant currency terms. Total cloud revenue is estimated to grow in the range of 26% to 30%, while non-GAAP earnings are likely to increase by 4% to 6%. Oracle is a key partner in OpenAI's Stargate AI infrastructure project. The company's current RPO growth estimates do not consider the surge in demand expected from the Stargate project. With the project still in its nascent stages, the company has a huge upside potential from the project which has not been factored into its future growth and stock price. Additionally, the CEO highlighted that there is a demand-supply mismatch in the cloud infrastructure market. Oracle currently has 23 MultiCloud data centers globally, and plans to build 47 more over the next 12 months to meet the rising demand. In fact, it will soon have more data centers than all of its competitors combined. While this will result in a sharp jump in its capital expenditure in FY26, it will reap benefits for the company in the long term. Given a strong RPO, strategic focus on expanding its data center footprint, and ability to build an array of AI-enabled solutions, Oracle is optimistic about a much stronger performance in FY26 and beyond. In fact, the company, which was once just a database provider, is growing at a fast pace and is set fulfil its CEO's vision of becoming a leader in cloud and AI solutions soon.
Forbes
05-06-2025
- Business
- Forbes
Gold ETFs Record First Outflow Since November, Says World Gold Council
Photo by Sven Hoppe/picture alliance via Getty Images Global gold-backed exchange-traded funds (ETFs) endured their first outflow for five months in May as demand for riskier assets improved, latest World Gold Council (WGC) data shows. Total outflows came in at 19 tonnes and had a value of $1.8 billion, the body said. This pulled total physical holdings down to 3,541 tonnes. The WGC said that 'North America took the largest hit, and Asia reversed the strong momentum it experienced in April.' It added that 'funds in other regions experienced a small loss for the first time in six months,' though mind inflows into European funds continued. Inflows and outflows experienced by gold ETFs since mid-2023. Depressed further by the falling gold price, total assets under administration (AUMs) in bullion ETFs dropped to $374 billion in May from a record $379 billion the previous month. Gold fund inflows hit three-year peaks in April as market interest in safe-haven assets ignited. Yellow metal prices have since retreated from record highs above $3,500 per ounce in late April and were last at $3,384. Despite May's reversal, ETF flows remain positive for the year to date, the WGC noted. Inflows have totaled $30 billion since the start of 2025, while physical holdings have risen by 322 tonnes. In North America, funds endured their first negative month since January last month, according to the WGC. Holdings contracted 16 tonnes over the month to 1,813 tonnes. Outflows were valued at $1.5 billion, reducing regional AUMs to $191 billion. The organization said that 'the better-than-expected temporary easing of tariffs between the US and China improved investor risk appetite, which led to a strong rebound in equities, but lower safe-haven demand for gold.' It added that 'the market is now expecting higher rates by the end of 2025, leading to rising US Treasury yields and increasing the opportunity cost of holding gold.' This follows recent Federal Reserve minutes that showed the central bank is taking a more measured approach to future interest rate cuts. Meanwhile, Asian-located ETFs endured their first monthly reversal since November thanks to a $489 million outflow. Physical holdings dipped by five tonnes, to 315 tonnes. Cumulative AUMs reversed to 34 tonnes. According to the WGC, 'China led outflows as safe-haven demand diminished amid de-escalating trade tensions with the US and subsequent equity rebounds.' However, the body added that Japanese funds continued to increase, registering their eighth monthly inflow on the spin. Funds in other regions (excluding Europe) experienced a fall of less than half a tonne, resulting in month-end holdings of 70 tonnes. Outflows of $27 million slimmed AUMs to $7 billion, chiefly due to liquidations in Australia and South Africa. ETF activity in Europe bucked the broader trend, with holdings edging higher by two tonnes in May to 1,343 tonnes. Inflows were worth $225 million, pulling total AUMs to $142 billion. But continental performance was mixed, with the WGC commenting that 'inflows in France more than offset continued outflows from Germany and the UK.' It said that 'sluggish economic growth and weakening consumer sentiment; the Trump administration's escalation of tariff threats which attracted gold ETF inflows across Europe in late May; and intensifying fiscal concerns and political instability' all drove French gold demand last month.
Yahoo
03-06-2025
- Business
- Yahoo
Reports: Neestrup being tracked by Leipzig as well as Wolfsburg
Copenhagen coach Jacob Neestrup stands on the sidelines during the UEFA Champions League Group A soccer match between FC Copenhagen and FC Bayern Munich at the Telia Parken. RB Leipzig are considering FC Copenhagen boss Jacob Neestrup as a candidate for their vacant head coach position, according to media reports. Sven Hoppe/dpa RB Leipzig are considering FC Copenhagen boss Jacob Neestrup as a candidate for their vacant head coach position, according to media reports. The Dane has also been linked in the media with Bundesliga rival Wolfsburg. Advertisement Kicker and Sport Bild reported on Tuesday that Leipzig sporting director Marcel Schäfer had reached out to the 37-year-old. Leipzig, who missed out on Europe for the first time as a Bundesliga team, are searching for a successor to interim coach Zsolt Löw. The 46-year-old took over from the sacked Marco Rose in March but returned to Jürgen Klopp's global football strategy team at Red Bull after the season ended. Spaniard Cesc Fàbregas from Italian Serie A club Como and Crystal Palace's Austrian boss Oliver Glasner were viewed as top candidates for the Leipzig job, but both appear set to stay put.
