Mixed Earnings Report Not Enough Yet for Oracle

Before you go, we thought you'd like these...
Before you go close icon

Oracle Corp. (NASDAQ: ORCL) is out with its first quarter earnings report. The company's adjusted earnings rose 11% to $0.53 per share while GAAP earnings rose 15% to $0.41 EPS, and revenue was light at $8.2 billion. Thomson Reuters had estimates of $0.53 for the adjusted earnings and $8.42 bilion in revenue. Oracle said that currency exchange rates took off $0.03 on its adjusted earnings.

New software licenses and cloud software subscriptions sales grew 11% on a constant currency basis and operating margin rose to 44% in the quarter. Operating cash flow increased to a record high of $5.7 billion in the first quarter.

The company said that it is off to a good start for the year. Unfortunately, Oracle holds back its guidance until the conference call and that makes this an incomplete report.

Oracle's stock closed down 1.5% at $32.29 against a 52-week range of $24.91 to $33.81 and shares are trading down about 1% just under the $32.00 handle in after-hours trading.


Filed under: 24/7 Wall St. Wire, Earnings, Software, Technology Companies
Read Full Story


S&P 500 2,204.71 12.76 0.58%
DJIA 19,216.24 45.82 0.24%
NASDAQ 5,308.89 53.24 1.01%
DAX 10,684.83 171.48 1.63%
HANG SENG 22,659.44 153.89 0.68%
NIKKEI 225 18,374.01 99.02 0.54%
USD (per EUR) 1.08 0.00 -0.03%
USD (per CHF) 1.01 0.00 0.05%
JPY (per USD) 113.91 0.06 0.05%
GBP (per USD) 1.27 0.00 0.11%

From Our Partners