Oracle Earnings: Will They Make The Grade?
Even with Christmas coming up--there's no holiday from big name earnings reports. Oracle is set to release their earnings after the bell today.
Robert Schwartz is an analyst at Jefferies & Co. He was on "Squawk Box" with a preview about the database software maker. Schwartz is expecting 23 cents per share earnings per share while the street is expecting around 22 cents eps.
Schwartz says the biggest boost to the company should come from their PC applications revenues--while there is some worry that the database side will not be growing as much. Schwartz also cited applications as an area for future growth. And he said all the acquisitions (Oracle purchased Siebol a year ago for one) are in place and should provide about $65 million in licensing revenues.