Oracle Scores on Earnings (ORCL)

Oracle Corporation (NASDAQ: ORCL) has just reported earnings ahead of estimates at $0.51 adjusted EPS and $8.58 billion in revenues.  Thomson Reuters had estimates for earnings of $0.46 EPS and $8.34 billion in revenue.

Oracle did not give formal guidance.  For the quarter ahead, those estimates are $0.46 EPS and $8.41 billion in revenues.  Shares are now $30.67 and the new year high was put in at $30.77 today; the new 52-week range is $21.24 to $30.77.

Oracle announced services were $1.19 billion, software license revenues were $2 billion and hardware system revenues were $1.75 billion.  This appears to be a tad ahead of license revenue and a tad behind on hardware.

Operating margin was 32% GAAP and 44% non-GAAP. The company noted Cash and cash equivalents at $10.42 billion and marketable securities at $14.425 billion.

Oracle closed down 0.7% at $30.27 today but shares are up around $31.25 in the after-hours reaction.  Shares hit a new year high of $30.77 during the trading, so that will mark yet a new high if these levels hold up.

JON C. OGG