Apps & Software
Oracle's Earnings... Alligator Arms (ORCL)
Published:
Last Updated:
Oracle Corp. (NASDAQ: ORCL) was having a rough day ahead of its earnings and things don’t look much better after the report. The CRM leader posted a 5% rise in income of $1.1 billion, which came to $0.22 EPS; however on a non-GAAP basis the figure was $0.30 EPS. Its revenue for the August quarter fell 5% to $5.054 billion. We had noted that the Thomson Reuters estimate was $0.30 EPS cents a share and $5.25 billion in revenue.
The quarter was hurt by the reduced value of foreign currencies when compared to US dollars by $0.02 against its non-GAAP EPS.
Elsewhere, new software license revenues would have been down 14%, and software license updates and product support revenues would have been up 11% on a GAAP basis and up 8% on a non-GAAP basis. GAAP and non-GAAP operating income would have been up 21% and 11%.
Unfortunately, no other key data was given and the company usually gives guidance in its conference call. If it gives formal guidance, Thomson Reuters has consensus listed as $0.36 EPS and $5.72 billion in revenues.
This one closed down 2.3% at $22.13 today and we show shares trading down at $21.45 or so in the after-hours trading session.
JON C. OGG
September 16, 2009
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.