Apps & Software

Oracle’s Earnings… Alligator Arms (ORCL)

Oracle Corp. (NASDAQ: ORCL) was having a rough day ahead of its earnings and things don’t look much better after the report.  The CRM leader posted a 5% rise in income of $1.1 billion, which came to $0.22 EPS; however…

By Douglas A. McIntyre
Published September 16, 2009, 4:19pm ET · 1 min read

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Oracle Corp. (NASDAQ: ORCL) was having a rough day ahead of its earnings and things don’t look much better after the report.  The CRM leader posted a 5% rise in income of $1.1 billion, which came to $0.22 EPS; however on a non-GAAP basis the figure was $0.30 EPS. Its revenue for the August quarter fell 5% to $5.054 billion.  We had noted that the Thomson Reuters estimate was $0.30 EPS cents a share and $5.25 billion in revenue.

The quarter was hurt by the reduced value of foreign currencies when compared to US dollars by $0.02 against its non-GAAP EPS.

Elsewhere, new software license revenues would have been down 14%, and software license updates and product support revenues would have been up 11% on a GAAP basis and up 8% on a non-GAAP basis. GAAP and non-GAAP operating income would have been up 21% and 11%.

Unfortunately, no other key data was given and the company usually gives guidance in its conference call. If it gives formal guidance, Thomson Reuters has consensus listed as $0.36 EPS and $5.72 billion in revenues.

This one closed down 2.3% at $22.13 today and we show shares trading down at $21.45 or so in the after-hours trading session.

JON C. OGG
September 16, 2009

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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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