Apps & Software

Mixed Earnings Report Not Enough Yet for Oracle

Oracle Corp. (NASDAQ: ORCL) is out with its first quarter earnings report. The company’s adjusted earnings rose 11% to $0.53 per share while GAAP earnings rose 15% to $0.41 EPS, and revenue was light at $8.2 billion. Thomson Reuters had…

By Jon C. Ogg
Published September 20, 2012, 4:15pm ET · 1 min read

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Oracle Corp. (NASDAQ: ORCL) is out with its first quarter earnings report. The company’s adjusted earnings rose 11% to $0.53 per share while GAAP earnings rose 15% to $0.41 EPS, and revenue was light at $8.2 billion. Thomson Reuters had estimates of $0.53 for the adjusted earnings and $8.42 bilion in revenue. Oracle said that currency exchange rates took off $0.03 on its adjusted earnings.

New software licenses and cloud software subscriptions sales grew 11% on a constant currency basis and operating margin rose to 44% in the quarter. Operating cash flow increased to a record high of $5.7 billion in the first quarter.

The company said that it is off to a good start for the year. Unfortunately, Oracle holds back its guidance until the conference call and that makes this an incomplete report.

Oracle’s stock closed down 1.5% at $32.29 against a 52-week range of $24.91 to $33.81 and shares are trading down about 1% just under the $32.00 handle in after-hours trading.

JON C. OGG

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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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