Oracle Corp. (NASDAQ: ORCL) came out with some mixed earnings after today’s close, and without guidance this is somewhat of a pending and unresolved issue. The enterprise and CRM behemoth posted earnings of $0.29 non-GAAP EPS on revenues of $5.33 Billion. Estimates were $0.27 non-GAAP EPS on $5.42 Billion in revenues according to First Call. So far we are seeing shares trade up to $19.10 after closing up 3.5% at $18.75.
As a reminder, this is essentially unfinished business until LarryEllison and executives offer guidance and give their opinions of theclimate they are expecting ahead. For Next quarter, estimates are$0.35 EPS on $6.23 Billion in revenues. If Larry Ellison is willing togo out on a limb for Fiscal May-2009, those estimates are $1.50non-GAAP EPS and $25.96 Billion in revenues. If Oracle is able to reaffirm its targetsaround forward targets, the stock’s forward P/E is roughly 12 and itsforward multiple is just over 3.5-times revenues.
The company has claimed another market share gain and has also saidmore and more customers are buying its integrated suites as the mostextensive available.
Jon C. Ogg
September 18, 2008
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