Apps & Software
Oracle Flies Past Targets & Taking Share (ORCL, SAP, IBM)
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Oracle Corp. (NASDAQ: ORCL) just posted earnings. Its GAAP EPS was $0.25 but non-GAAP was $0.31 EPS on revenues of $5.3 Billion. First Call had estimates at $0.27 non-GAAP EPS on revenues of $5.04 Billion. Look at these metrics individually:
QUOTES FROM OFFICERS:
While the earnings guidance is not yet out, this last quarter was a phenomenal report and it is really hard to call anything bad so far. When it offers guidance, First call has next quarter’s estimates at $0.29 EPS and $5.19 Billion in revenues and it has fiscal May 2008 shows estimates at $1.22 EPS on almost $21.5 Billion.
Oracle’s stock closed down 2.3% at $20.76 today, and shares are at $21.70 in after-hours trading. The 52-week trading range is $15.97 to $23.00.
Jon C. Ogg
December 19, 2007
Jon Ogg can be reached at [email protected]; he produces the SPECIAL SITUATION newsletter and he does not own securities in the companies he covers.
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