Oracle Corporation (NASDAQ: ORCL) has managed to escape the hangman so far after earnings, but the initial caveat is that guidance is not yet out. Earnings came in at $0.62 EPS on an adjusted basis on sales of $9 billion. Estimates from Thomson Reuters were $0.56 EPS but sales were just at $9.02 billion. Income from operations was up 11% to $3.3 billion on a GAAP basis.
The company noted that it is on track to deliver the highest operating margins in the company’s history this year as it is focusing on high margin systems where hardware and software are engineered to work together.
Hardware revenue for engineered systems grew 139% this quarter and it claims to have a record pipeline going into the fourth quarter.
Unfortunately, Oracle did not release its guidance and that means that this is unfinished business until after the corporate conference call.
Oracle closed up 1.1% at $30.10 and the initial after-hours reaction has shares up 1.9% at $30.60. Again, until guidance is given this report should be considered unfinished business.
JON C. OGG
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.