Oracle Corp. (NASDAQ: ORCL) reported earnings after the close of trading today. Its earnings were $0.47 non-GAAP EPS on $7.2 Billion revenues. The First Call estimates for the enterprise software giant were $0.44 EPS on $6.86 Billion in revenues in its year-end quarterly report for Fiscal May 2008.
Individual segments were as follows:
- Total GAAP software revenues were up 26% to $6.0 billion.
- GAAP new software license revenues were up 27% with database and middleware new license revenues up 23% and applications new license revenues up 36%.
- GAAP software license updates and product support revenues were up 25% to $2.8 billion.
- GAAP service revenues were up 18% to $1.3 billion.
Estimates for next quarter (the company’s throw away quarter) are $0.27 EPS on $5.47 Billion in revenues (up about $40 million from last week). For the year ahead, its May-2009 estimates are expected to be $1.50 EPS on $25.79 Billion (up $130 million last week) in estimates.
Shares closed up 1.44% at $22.55 in normal trading and shares are initially up almost 2% more at $22.90.
Jon C. Ogg
June 25, 2008
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
