Oracle Stock Trips Over Second-Quarter Results

  Google+  Twitter | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn


Oracle Corp. (NASDAQ:ORCL) closed the regular trading session on Wednesday up 2.88 percent at $34.60 per share but fell as much as 1.4 percent in post-market trading after releasing second-quarter financial results. Total revenues at Oracle increased 2 percent on the year to $9.3 billion, above the mean analyst estimate of $9.19 billion. Adjusted earnings increased 7 percent on the year to 69 cents per share, above the mean analyst estimate of 67 cents per share. Unadjusted, GAAP earnings increased 5 percent on the year to 56 cents per share.

Total revenue growth was driven by the  software license updates and product support segment, where revenue grew 6 percent to $4.5 billion. Hardware systems revenues, including support, were effectively flat at $1.3 billion. Hardware systems products revenue alone fell 3 percent to $714 million.

Operating income fell 2 percent on the year to $3.4 billion on GAAP operating margin of 37 percent. Non-GAAP operating income fell 1 percent to $4.2 billion on a margin of 46 percent. One highlight from the report is that trailing twelve months free cash flow increased 14 percent to $14.6 billion, or 132 percent of net income.

More Articles About:

To contact the reporter on this story: To contact the editor responsible for this story:

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business