UPDATE: Oracle (ORCL) Offers Q2 EPS Guidance
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September 17, 2015 9:58 AM EDT
Nomura Securities reiterated a Buy rating on Oracle (NYSE: ORCL), and cut the price target to $44.00 (from $49.00), following the company's 1Q16 earnings results. ORCL reported $8.45bn in revenue, compared to $8.53bn consensus. Non-GAAP EPS of $0.53 was slightly above the Street estimate of $0.52.
Analyst... More
September 17, 2015 8:30 AM EDT
Piper Jaffray reiterated an Overweight rating and $46.00 price target on Oracle (NYSE: ORCL) following the company's 1Q16 earnings results. Results were relatively in-line, with EPS seeing $0.01 of upside relative to consensus.
Analyst Katherine Egbert commented, "While not spectacular, Q1 was... More
September 16, 2015 4:11 PM EDT
By Abhirup Roy
(Reuters) - Oracle Corp's (NYSE: ORCL) sales fell more than expected in the first quarter, hurt by a strong dollar and a continued drop in licensed software sales and the company warned revenue could fall in the current quarter even on a constant currency basis.
Like its rivals such as SAP , IBM Corp (NYSE: IBM) and Microsoft Corp (NASDAQ: MSFT), Oracle is striving to boost Internet-based software sales to head off fast-growing competitors such as... More
September 16, 2015 4:00 PM EDT
(Updated - September 16, 2015 4:04 PM EDT)
Oracle (NYSE: ORCL) reported Q1 EPS of $0.53, $0.01 better than the analyst estimate of $0.52. Revenue for the quarter came in at $8.45 billion versus the consensus estimate of $8.53 billion.
The strengthening of the U.S. dollar compared to foreign currencies had a significant impact on results in the quarter. Total Revenues were$8.4 billion, down 2% in U.S. dollars but up 7% in constant currency. Cloud plus On-Premise Software Revenues were $6.5 billion, down 2% in U.S. dollars and up 6% in constant currency. Total Cloud Revenues were $611 million, up 29% in U.S.... More
