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
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.