Oracle Scores on Earnings (ORCL)
Oracle Corporation (NASDAQ: ORCL) has just reported earnings ahead of estimates at $0.51 adjusted EPS and $8.58 billion in revenues. Thomson Reuters had estimates for earnings of $0.46 EPS and $8.34 billion in revenue. Oracle did not give formal guidance. …
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Oracle did not give formal guidance. For the quarter ahead, those estimates are $0.46 EPS and $8.41 billion in revenues. Shares are now $30.67 and the new year high was put in at $30.77 today; the new 52-week range is $21.24 to $30.77.
Oracle announced services were $1.19 billion, software license revenues were $2 billion and hardware system revenues were $1.75 billion. This appears to be a tad ahead of license revenue and a tad behind on hardware.
Operating margin was 32% GAAP and 44% non-GAAP. The company noted Cash and cash equivalents at $10.42 billion and marketable securities at $14.425 billion.
Oracle closed down 0.7% at $30.27 today but shares are up around $31.25 in the after-hours reaction. Shares hit a new year high of $30.77 during the trading, so that will mark yet a new high if these levels hold up.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
