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…
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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