Oracle's Earnings Just Top Expectations
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Business software maker Oracle Corp.'s quarterly earnings exceeded analyst expectations, overcoming sluggish sales in a product line that the company hopes to bolster by completing a long-sought takeover of rival PeopleSoft Inc.
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Oracle&#39;s stock price rose on Wednesday after the software maker reported that its first-quarter profit surged 16 percent compared to last year, reaching $509 million.
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Oracle Corp  said on Wednesday  that quarterly profit rose 35 percent as new software sales  soared, beating expectations at a time when investors are  nervous that IT spending is slowing, and its shares climbed 4  percent.
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Blog: Oracle just reported its earnings for Q4 2006, and knocked the proverbial ball out of the park.  In the land of the proprietary vendors, Oracle may well be king.
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Slams SAP's 'downmarket' strategy Database software giant Oracle said its first quarter profit rose by 25 per cent, with revenue and earnings per share beating Wall Street expectations for the firm.â¦
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It&#39;s been a good year for Oracle (Nasdaq: ORCL) CEO Larry Ellison. In all, Oracle posted breathtaking earnings gains, beat a Justice Department lawsuit, forced the firing of a key rival, and
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LOS ANGELES (CBS.MW) -- Oracle shares jumped Wednesday morning after the corporate software giant&#39;s quarterly results narrowly outpaced expectations overnight, with strength at its core database operations offsetting declines in its applications business.
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Oracle Corp. ORCL.O on Thursday   posted a higher quarterly profit, helped by   stronger-than-expected new software license revenue.
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SAN FRANCISCO - Business software maker Oracle Corp.'s quarterly earnings exceeded analyst expectations, despite sluggish sales in a product line that the company hopes to bolster by completing a long-sought takeover of rival PeopleSoft Inc.    The Redwood Shores-based company said Tuesday it earned $509 million, or 10 cents per share, during the three months ended in August, a 16 percent improvement from $440 million, or 8 cents per share, at the same time last year...
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Oracle's earnings exceeded expectations, despite sluggish sales in a product line that the company hopes to bolster by completing a takeover of rival PeopleSoft.
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Oracle just closed out another impressive quarter, and it may just be getting warmed up.
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And slaps $1.3bn on Q2 bottom line Database giant Oracle said yesterday that it saw earnings jump by 35 per cent in its second quarter buoyed by strong sales of software licenses.â¦
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(InfoWorld) - Oracle Corp. declared another strong quarter of financial results, exceeding both its own expectations and analysts' predictions, in what the database, applications and middleware software vendor has typically defined as a tough time period. In results for Oracle's first quarter of fiscal 2007 issued Tuesday for the period ended Aug. 31, the company saw its net income climb 29 percent over the year-ago quarter to US$670 million on revenue up 30 percent to $3.6 billion. Earnings per share (EPS) grew 28 percent to $0.13. Discounting the impact of recent acquisitions and other factors, Oracle's net income rose 26 percent to $931 million compared with the first quarter of fiscal 2006, while revenue was also up 26 percent to $3.7 billion, and EPS grew 24 percent to $0.18. A consensus estimate of Thomson Financial analysts had predicted that Oracle would report revenue of $3.5 billion on an EPS of $0.16. The figures were better than what Safra Catz, co-president and chief financial officer at Oracle, estimated back in June when the company issued its fourth-quarter results for fiscal 2006. She predicted then that total fiscal 2007 first-quarter revenue would rise 19 percent to 20 percent on an EPS of $0.16, without accounting for any specific charges likely to be taken in the quarter. "We exceeded our guidance on every metric and delivered strong revenue growth across all product lines and geographies," Catz said in an Oracle release. In the first quarter of fiscal 2007, Oracle gained $2.7 billion of its revenue from software sales, with new software licenses accounting for 22 percent of revenue or $804 million, while software license update and product support contributed 54 percent or $1.9 billion to Oracle's bottom line. Services made up the remaining $846 million or 24 percent of revenue. Revenue from new applications shot up by 80 percent compared to the same quarter last year, with new database and middleware license revenue growing by a more modest 15 percent, while service revenue rose by 33 percent. Â
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The economy may be sputtering, but Oracle Corp. is still hitting on all cylinders. Brushing aside worries about a possible slowdown in the technology sector, Oracle soared well beyond analyst expectations in its fiscal second quarter and raised hopes for a strong start in 2008 with an upbeat forecast.
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Broad and strong revenue growth drove Oracle to higher profit in the fourth quarter and the company's full 2007 fiscal year.
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(InfoWorld) - Oracle reported another strong financial quarter on Monday, posting $4.2 billion in revenue for the second quarter of fiscal 2007, results that beat analysts estimates by 1 percent. However, there were signs in its software revenue results that the company's growth spurt on the strength of acquisitions of PeopleSoft and Siebel Systems could be coming to a halt. The company's revenue in the same period of last year was $3.39 billion. While Oracle's most recent quarterly revenue was slightly higher than the $4.15 billion analysts polled by Thomson Financial expected the vendor to earn, earnings per share, which were $0.22, met their expectations. Net income was $1.17 billion, a 20 percent growth over the $972 million reported in the same quarter of last year. Analysts were keeping a keen eye on software license revenue during the quarter, and results show that their concern that Oracle's revenue surge is the result of acquisitions, and not strength in its own core software business, could be valid. Oracle's software revenue, which was $3.21 billion, grew 19 percent year over year, coming in on the low end of the company's growth expectations of 19 percent to 21 percent. Moreover, new software license revenue for the quarter was $1.21 billion, an increase of only 14 percent over the same period last year when the company had predicted an increase of 15 percent to 20 percent. Software license update and product support revenue came in stronger, at $2.01 billion, an increase of 25 percent over the same period last year. Still, analysts likely will see Oracle's software license revenue results as a sign of weakness for the vendor. In a statement, Oracle maintained its customary bravado, attributing its results to strong sales in all three of its core software areas -- applications, middleware and database. A statement from Oracle President Charles Phillips on second quarter results made claims that Oracle continues to steal market share from rivals in these areas. On a conference call to discuss results on Monday, Oracle President and Chief Financial Officer Safra Catz acknowledged that Oracle missed its objective for software revenue growth in the quarter. She attributed this misstep to the company failing to execute on key deals that should have closed in the quarter but did not. She said to alleviate the execution problem going forward, Oracle will focus on letting salespeople work in the field rather than spend time engaged in sales meetings and other activities that don't lend themselves to deal-closing. "We think additional focus ... and better pipeline management should mean better results," Catz said. Overall, executives on the call seemed to have a lot of faith in Oracle's backlog of unfinished sales deals, which Catz said is very big, to contribute to Oracle's success in the remainder of 2007. Larry Ellison, Oracle's chief executive officer, noted that a good portion of the deals in the pipeline are wins in vertical markets where Oracle has not traditionally played. He said retail has been a key growth area for the company, claiming that eight of the 10 largest retailers in North America now use Oracle's retail applications, whereas only one uses rival SAP AG's. Ellison said growth in the retail sector will begin to have a noticeable effect on Oracle's software revenue. "Retail will actually move the needle," he said. Ellison also said Oracle plans to continue its "dual strategy" of growing the company through both internal development and acquisition, a comment that may hint the company is eyeing more purchases to build out its massive software and applications portfolio. Â
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Business software maker Oracle   Corp. ORCL.O posted a profit on Tuesday that topped Wall   Street estimates and forecast solid growth this quarter, and   its shares rose 9 percent to their highest level in four years.