This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Oracle Lights It Up

Updated from March 20

Oracle (ORCL - Get Report) beat Wall Street's top- and bottom-line expectations in the third quarter, as software revenue grew strongly.

The news gave Oracle's shares a much-needed boost. In recent trading on Wednesday, shares were up 65 cents, or 3.7%, to $18.20. The stock has languished for months, following a lackluster second quarter.

Growth in the next quarter, however, will slow in the face of a very tough year-over-year comparison. Oracle's guidance for the May quarter actually missed analysts' projections by a narrow margin.

The database giant said Tuesday that it posted a profit of $1.03 billion, or 20 cents a share, for growth of 35%. Revenue grew 25% to $4.4 billion.

Excluding options and other items, Oracle earned 25 cents a share. Analysts polled by Thomson First Call were looking for a profit of 23 cents a share on revenue of $4.3 billion.

Total software revenue was up 25% to $3.5 billion.

New license revenue for application software grew by an unexpectedly strong 57% to $423 million, while database and middleware license revenue grew 10% to $967 million.

Analysts were expecting application licenses to come in at $368 million and database and middleware licenses to hit $913 million.

Oracle has spent more than $13 billion (net cash) to buy a basket of applications vendors, including PeopleSoft, Retek and Siebel Systems, and Wall Street has been looking for signs that the huge expenditure is paying off. And it now appears to be doing so.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
ORCL $43.70 0.00%
AAPL $129.96 0.00%
FB $80.44 0.00%
GOOG $539.18 0.00%
TSLA $248.35 0.00%

Markets

DOW 18,011.94 -28.43 -0.16%
S&P 500 2,109.60 -2.13 -0.10%
NASDAQ 5,076.5240 -6.4050 -0.13%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs