Apps & Software
Oracle Earnings, A Currency Story (ORCL)
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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
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