Oracle Earnings, A Currency Story (ORCL)

Apps & Software

Published: December 18, 2008 4:14 pm

Last Updated: April 28, 2020 3:17 am

Oracle Corp. (NASDAQ: ORCL) posted non-GAAP earnings of $0.34 EPS and $5.7 billion in revenue compared with First Call estimates of $0.34 EPS and $5.84 billion in sales. There is more data that impacted earnings, and this is still incomplete at this point.

Software revenue was up 8% to $4.6 billion (non-GAAP) and softwarelicense updates and product support revenue was up 15% to $2.9billion (non-GAAP).

Oracle’s currency fluctuations were the worst seen in November and thataffected earnings by $0.03 EPS for the quarter. Non-GAAPoperating income grew 25% in constant currency to $2.6 billion in Q2.

Keep in mind that Wall Street has to hear Larry Ellison and friendsissue their conference call guidance before anyone can count this as acomplete report. Shares closed down less than 1% at $16.61 in regulartrading, and shares are up around $16.79 right before the conferencecall.

Jon C. Ogg
December 18, 2008

Travel Cards Are Getting Too Good To Ignore (sponsored)

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.

It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.