UPDATE: Oracle (ORCL) Q1 Earnings Report Fails to Impress
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Price: $138.07 +0.56%
EPS Growth %: -16.4%
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Sales and marketing: 1.92B
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EPS Growth %: -16.4%
Financial Fact:
Sales and marketing: 1.92B
Today's EPS Names:
TAYD, VFS, AYI, More
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(Updated - September 20, 2012 5:29 PM EDT)
Software giant Oracle (Nasdaq: ORCL) released its first quarter results after the bell on Thursday. Revenue was reported at $8.21 billion, slightly below estimates of $8.43 billion. For the same quarter last year, Oracle reported revenue that was 2 percent higher at $8.37 billion.
"We're off to a good start in the new year," said Oracle President and CFO, Safra Catz. On a non-GAAP basis, new software licenses and cloud software subscriptions sales grew 11% in constant currency and operating margin increased to 44% in Q1. Q1 operating cash flow increased to a record high of $5.7 billion.
Non-GAAP earnings were in line with analyst estimates at 53 cents per share. 2011 Non-GAAP earnings were 48 cents. Without the impact of the US dollar strengthening compared to foreign currencies, Q1 non-GAAP earnings per share would have been $0.03 higher at $0.56, up 17%.
Shares of Oracle are down 0.4 percent to $32.14 in after-hours trading.
In a conference call after the earnings report, Oracle said it sees Q2 non-GAAP revs up 0 - 4 percent, vs. estimate of 5 percent. It expects Q2 non-GAAP EPS of 59 - 63 cents, in-line with the consensus of 61 cents.
Software giant Oracle (Nasdaq: ORCL) released its first quarter results after the bell on Thursday. Revenue was reported at $8.21 billion, slightly below estimates of $8.43 billion. For the same quarter last year, Oracle reported revenue that was 2 percent higher at $8.37 billion.
"We're off to a good start in the new year," said Oracle President and CFO, Safra Catz. On a non-GAAP basis, new software licenses and cloud software subscriptions sales grew 11% in constant currency and operating margin increased to 44% in Q1. Q1 operating cash flow increased to a record high of $5.7 billion.
Non-GAAP earnings were in line with analyst estimates at 53 cents per share. 2011 Non-GAAP earnings were 48 cents. Without the impact of the US dollar strengthening compared to foreign currencies, Q1 non-GAAP earnings per share would have been $0.03 higher at $0.56, up 17%.
Shares of Oracle are down 0.4 percent to $32.14 in after-hours trading.
In a conference call after the earnings report, Oracle said it sees Q2 non-GAAP revs up 0 - 4 percent, vs. estimate of 5 percent. It expects Q2 non-GAAP EPS of 59 - 63 cents, in-line with the consensus of 61 cents.
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