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
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