Morning Beat: Netflix, Inc. (NFLX), Oracle Corporation (ORCL), and Microsoft Corporation (MSFT)

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Netflix, Inc. (NASDAQ:NFLX) announces its plan for first original series for Indian viewers. The company had launched across 100 countries in January.

Netflix, Inc. (NASDAQ:NFLX) currently charges anywhere between $7-8 per month in India. The company faces competition from free video streaming site Hotstar and digital service providers who charge around $3-5 per month.

Oracle Corporation (NASDAQ:ORCL) is in news for all the wrong reasons. The cloud company has been sued by one of its ex-employee over fraudulent cloud accounting practices. However, the company spokeswoman has denied the allegations stating that “We are confident that all our cloud accounting is proper and correct.”

Analyst Pat Walravens, JMP Securities stated that issues like this pose risk. He also went on to say that accounting for cloud software is complex in nature and there are judgmental calls which have to be taken. Also, disagreements can pop up.

Seeking Alpha author Ben Strubel clearly states that the allegations made by former Senior Financial Manager, Svetlana Blackburn on Oracle Corporation (NASDAQ:ORCL) should be taken seriously and investors should advise caution. He also stated about instances in the past according to a study from Association of Certified Fraud Examiners (ACFE) which shows that 40 percent of fraud cases are detected with the help of an internal employee.

Microsoft Corporation (NASDAQ:MSFT) needs to change its strategy for cloud, According to SA writer Motek Moyen. The author is of the view that the company faces tough competition from Google and WPS when it comes to Office 365 and Desktop 2016.

Microsoft Corporation (NASDAQ:MSFT) can do well on software side, if the company expands beyond cloud segment. Another worrying part for CEO Satya Nadella is that cloud will contribute only 10.5 percent of projected $95.2 billion for FY17. The company also needs to utilize the cash of $106.2 billion which it has on its book to make some smart acquisitions which can lead to future growth.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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