Oracle (NASDAQ: ORCL) shares rose more than 2% after hours reported better-than-expected results, as it benefited from the buyout of Sun Microsystems.
Fiscal 2011 Q1 GAAP revenue was up 48% to $7.5 billion, while non-GAAP total revenues were up 50% to $7.6 billion. GAAP new software license revenues were up 25% to $1.3 billion. Both the GAAP and non-GAAP software license updates and product support revenues were up 11% to $3.5 billion. GAAP operating income was up 10% to $1.9 billion, and GAAP operating margin was 26%. Non-GAAP operating income was up 27% to $2.9 billion, and non-GAAP operating margin was 39%. GAAP net income was up 20% to $1.4 billion, while non-GAAP net income was up 38% to $2.1 billion. GAAP earnings per share were $0.27, up 20% compared to last year while non-GAAP earnings per share were up 38% to $0.42. GAAP operating cash flow on a trailing twelve-month basis was $8.8 billion.
Douglas A. McIntyre
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
