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Apps & Software

Oracle Earnings, A Currency Story (ORCL)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published

Oracle_logo_2Oracle Corp. (NASDAQ: ORCL) posted non-GAAP earnings of $0.34 EPS and $5.7 billion in revenue compared with First Call estimates of $0.34 EPS and $5.84 billion in sales. There is more data that impacted earnings, and this is still incomplete at this point.

Software revenue was up 8% to $4.6 billion (non-GAAP) and softwarelicense updates and product support revenue was up 15% to $2.9billion (non-GAAP).

Oracle’s currency fluctuations were the worst seen in November and thataffected earnings by $0.03 EPS for the quarter.  Non-GAAPoperating income grew 25% in constant currency to $2.6 billion in Q2.

Keep in mind that Wall Street has to hear Larry Ellison and friendsissue their conference call guidance before anyone can count this as acomplete report.  Shares closed down less than 1% at $16.61 in regulartrading, and shares are up around $16.79 right before the conferencecall.

Jon C. Ogg
December 18, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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