Oracle Corp (ORCL) Tops Q1 EPS Views by 3c; Guides Q2 to Low-End of Views

September 18, 2013 4:02 PM EDT
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Price: $87.14 -0.56%

Revenue Growth %: +8.0%

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Restructuring: 99M

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Oracle Corp (Nasdaq: ORCL) reported Q1 EPS of $0.59, versus the analyst estimate of $0.56. Revenue for the quarter came in at $8.4 billion versus the consensus estimate of $8.48 billion.

Non-GAAP earnings per share increased 12% to $0.59, the best ever result for the first quarter of our fiscal year, said Oracle President and CFO, Safra Catz. Those record level earnings were enabled by an operating margin of 45% for the quarter. We also set a free cash flow record of over $6 billion in Q1, and then we returned half of that to our stockholders by repurchasing $3 billion of our shares in the quarter.

Engineered systems had its best ever Q1 in terms of unit sales, growing over 60% compared with the same quarter last year, said Oracle President Mark Hurd. New software license results were especially strong in the Americas, which saw 15% growth in constant currency."

The company sees Q2 revenue up 1 to 4 percent and EPS of $0.64 to $0.69. Consensus views call for revs of $9.41 billion and EPS of $0.69.

For earnings history and earnings-related data on Oracle Corp (ORCL) click here.

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