Tech Check
MOST SHARED
- How Rescuing Greece Could Destroy the World
- A King Dollar GOP?
- How to Date a Wall Street Man
- Mario Monti on Italy's Economic Future
- The World's Best Beers
- Dow vs. S&P 500: Which is a Better Investment?
- Mick Fleetwood on the MP3 ‘Dumbing Down’ of Music
- Mario Monti's Efforts Good Enough?
- Blue Ivy Gets Trademarked by Beyonce and Jay-Z
- Greek PM on New Debt Deal
- In Search of America's ‘Hottest Forecasters’
- Dow vs. S&P 500: Which is a Better Investment?
- Mick Fleetwood on the MP3 ‘Dumbing Down’ of Music
- Avis on the Road to Strong Growth: Analyst
- Private Homebuilders: Dead Men Walking
- LinkedIn’s Growth Is Already Priced In: Analyst
- The Real Reason Behind Bank of America’s Rally
- 5 Hedge Funds’ Top Stocks Soar After 2011 Rout
- This Valentine’s Day Love Is Served on a Silver Platter
- Dividend Payout Could Hit Record Amount This Year
- With Investors So Bullish, Stock Pullback Must Be Ahead
- Is Bill Gross, PIMCO's Bond King, Losing His Touch?
- Greece Austerity Deal Runs Into Trouble Once Again
- Why Saving Greece Could Destroy the World
- Apple’s Record Run: $500 Is a Magic Number
- Housing Still Hurting Consumers, Economy: Bernanke
- Get Ready for $5 Gas This Year: Ex-Shell CEO
- The World's Best Beers
RSS FEED
Good Not Good Enough For Oracle?
Text Size 
Silicon Valley Bureau Chief
It was a solid fourth quarter for the world's second largest software maker, but investors who have pushed these shares higher by better than 50 percent over the past quarter were apparently looking for something more.
How much more this company realistically could have done isn't clear, since the numbers Oracle [ORCL
Loading...
()
] reported after the bell tonight are pretty stellar no matter how you slice 'em. The company reported 46 cents a share versus the 44 cent consensus, on $6.9 billion in revenue. In fact, revenue beat estimates by better than $400 million and in an economy like this one, that's no small feat.
Digging deeper into the release, Oracle reported non-GAAP operating margins of 51 percent, substantially beating the 48.6 percent the company reported in the same period a year earlier.
New Software Licenses and Product Support, the company's maintenance fees, were right in line with expectations at $3.1 billion. But new software licenses were way up, jumping to $2.744 billion. Analysts expected $2.45 billion, and Brendan Barnicle at Pacific Crest Securities was on the higher end at $2.5 billion. Oracle's beat on this metric is significant.
Oracle is regularly and deeply affected by currency fluctuations, and just about everyone anticipated that the effects this time around wouldn't be nearly as severe as they were last quarter, thanks to a stabilizing dollar. To that end, Oracle says the quarter's non-GAAP earnings suffered a nickel a share impact thanks to a strengthening dollar, and without that activity, EPS would have reached 51 cents.
Of course, we'll get more color from the conference call, as well as further details surrounding the progress of the Sun Microsystems [JAVA
Loading...
()
] acquisition. Still, that early hit to Oracle shares when this news was released might have been that instant, knee-jerk sell-on-the-news kinda thing. And for those who were the victim of those electronic trades, they might be missing out a continued Oracle rally.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes
