Oracle Blows Past Estimates
Oracle (ORCL) shares are trading up over 7% after the company posted earnings. ORCL closed down 0.74% at $16.13, but is now trading up over $17.00 in after-hours activity. It posted $0.18 EPS and revenues of $3.6 Billion compared to estimates of $0.16 and revenues of $3.47 Billion.
"We reported record revenues and earnings for the first quarter," said Oracle President and CFO, Safra Catz. "We exceeded our guidance on every metric and delivered strong revenue growth across all product lines and geographies. We are now in year three of our five year plan targeting EPS growth at 20% per year. We continue to deliver results comfortably ahead of target.""We're rapidly taking applications market share from SAP," said Oracle President, Charles Phillips.
"Q1 was the second consecutive quarter that Oracle's applications new license sales growth was 80% or more. That's ten times SAP's 8% new license sales growth rate in their most recently completed quarter."We should have guidance from the company later in the conference call.
Jon C. Ogg
"We reported record revenues and earnings for the first quarter," said Oracle President and CFO, Safra Catz. "We exceeded our guidance on every metric and delivered strong revenue growth across all product lines and geographies. We are now in year three of our five year plan targeting EPS growth at 20% per year. We continue to deliver results comfortably ahead of target.""We're rapidly taking applications market share from SAP," said Oracle President, Charles Phillips.
"Q1 was the second consecutive quarter that Oracle's applications new license sales growth was 80% or more. That's ten times SAP's 8% new license sales growth rate in their most recently completed quarter."We should have guidance from the company later in the conference call.
Jon C. Ogg
posted by douglas mcintyre at 4:32 AM
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