Oracle Corporation (NASDAQ: ORCL) just reported earnings for the quarter. The enterprise software giant posted $0.54 EPS and $8.8 billion in revenues. Thomson Reuters had estimates of $0.50 EPS and $8.67 billion in revenues for the last quarter.
Non-GAAP operating margin was 44% and the company spoke of better times ahead. It noted that hardware product gross margins rose to 55% and the company is confident that it will exceed the $1.5 billion profit goal it set for the Sun business for the current fiscal year.
The company even noted that all geographies reported revenue growth of 30% or higher. It said further that sequential revenue growth for Exadata and Exalogic was up over 50% and it sees higher growth in its fourth quarter.
Oracle also announced that it has declared a quarterly cash dividend of $0.06 per share of outstanding common stock, reflecting a 20% increase over the previous quarter’s dividend of $0.05.
As usual, the guidance is being held until the conference call and that makes this report unfinished business. Next quarter estimates are $0.66 EPS and $10.50 billion in revenues.
Shares closed at $32.14 this afternoon, and the 52-week trading range for the enterprise software giant is $21.24 to $33.71. Shares are trading up around $32.35 in after-hours trading.
JON C. OGG
Take Charge of Your Retirement: Find the Right Financial Advisor For You in Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding professional guidance—and we’ve made it easier than ever for you to connect with the right financial advisor for your unique needs.
Here’s how it works:
1️ Answer a Few Simple Questions
Tell us a bit about your goals and preferences—it only takes a few minutes!
2️ Get Your Top Advisor Matches
This tool matches you with qualified advisors who specialize in helping people like you achieve financial success.
3️ Choose Your Best Fit
Review their profiles, schedule an introductory meeting, and select the advisor who feels right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.