Oracle Dodges Earnings Hangman (ORCL)

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By Jon C. Ogg Updated Published
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Oracle Corporation (NASDAQ: ORCL) has managed to escape the hangman so far after earnings, but the initial caveat is that guidance is not yet out.  Earnings came in at $0.62 EPS on an adjusted basis on sales of $9 billion.  Estimates from Thomson Reuters were $0.56 EPS but sales were just at $9.02 billion.  Income from operations was up 11% to $3.3 billion on a GAAP basis.

The company noted that it is on track to deliver the highest operating margins in the company’s history this year as it is focusing on high margin systems where hardware and software are engineered to work together.

Hardware revenue for engineered systems grew 139% this quarter and it claims to have a record pipeline going into the fourth quarter.

Unfortunately, Oracle did not release its guidance and that means that this is unfinished business until after the corporate conference call.

Oracle closed up 1.1% at $30.10 and the initial after-hours reaction has shares up 1.9% at $30.60.  Again, until guidance is given this report should be considered unfinished business.

JON C. OGG

Contact [email protected] for any questions or corrections.

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About the Author Jon C. Ogg →

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.

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