S&P 500
7,582.20
+0.03%
Dow Jones
51,018.80
+0.58%
Nasdaq 100
30,344.40
+0.25%
Russell 2000
2,916.31
-0.54%
FTSE 100
10,378.60
-0.32%
Nikkei 225
66,231.90
+0.67%

Apps & Software

Mixed Earnings Report Not Enough Yet for Oracle

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published

Invalid Image
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

Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
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.

Continue Reading

Paul Ausick |

Oracle Earnings Stung by Currency Effects

courtesy of OracleOracle Corp. (NYSE: ORCL) reported first-quarter fiscal 2014 results after markets closed Wednesday. The software and server company reported…

Paul Ausick |

Oracle Stock Hammered After Reporting Flat Software Sales

courtesy of OracleOracle Corp. (NYSE: ORCL) reported fourth quarter and fiscal year 2014 results after markets closed Thursday. The software…

Jon C. Ogg |

Oracle Earnings Show Weak IT and Enterprise Trends Likely to Continue

courtesy of OracleOracle Corp. (NYSE: ORCL) has now reported its earnings, and we expected this to be a make or…

Chris Lange |

How Currencies Are Hurting Oracle Earnings

Oracle reported mixed fiscal first-quarter financial results after the markets closed on Wednesday.

Oracle Stumbles Despite Cloud Growth
Chris Lange |

Oracle Stumbles Despite Cloud Growth

After Oracle reported its fiscal first-quarter financial results after the markets closed on Thursday, this networking giant's shares slipped in…

What Analysts Are Saying About Oracle After Earnings
Chris Lange |

What Analysts Are Saying About Oracle After Earnings

Despite growing from last year, Oracle took a step back when it failed to reach analysts’ expectations in its fiscal…

Chris Lange |

Why Oracle Is Not Worried About the Strong Dollar

The currency fluctuation toward a stronger dollar hurt Oracle in its fiscal third quarter.

Jon C. Ogg |

Lower Growth at IBM (IBM)

International Business Machines Corp. (NYSE: IBM) has reported its Q2-2010 earnings.  The pro forma numbers were $2.61 EPS and 2%…

Paul Ausick |

Oracle CEO Ellison Steps Aside; Earnings, Revenues Wander Away Too

Oracle has announced that CEO Larry Ellison has been named the company’s executive chairman and chief technical officer.

Top Gaining Stocks

Dell Technologies
DELL • Vol: 42,366,555
NetApp
NTAP • Vol: 15,911,807
ServiceNow
NOW • Vol: 68,243,561
IBM
IBM • Vol: 28,527,546
Hewlett Packard Enterprise
HPE • Vol: 86,996,387

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Clorox
CLX • Vol: 4,744,001
ResMed
RMD • Vol: 3,526,686
Intel
INTC • Vol: 191,680,425
Skyworks Solutions
SWKS • Vol: 5,407,806