Summary: Oracle (NYSE:ORCL) posted fiscal first quarter results yesterday, announcing earnings growth of 29% and revenue growth of 30%. Up 32% this year and having hit its highest price in four years last week, the stock jumped 13% to $18.28 after-hours. In the last year, Oracle spend $20 billion on acquisitions including PeopleSoft, Siebel and twenty additional companies. Analysts were split in their interpretation of ORCL's strong performance last quarter with bulls applauding a successful integration of the acquisitions as bears saw an attempt to close the year with strong numbers. Some of this quarter's stats:
- Net income: $670 million (13 cents a share), compared with $519 million 910 cents a share) last year. Excluding items, profit was $931 million (18 cents a share), surpassing Wall Street's projections of 16 cents a share. The company expects next quarter net income to rise to $877.8-$909.7 million.
- Revenue: $3.59 billion, up from $2.77 billion last year. Next quarter revenue is predicted to increase to $4.09-$4.16 billion.
- Database technology: Expectations were that revenue in this area was waning, but sales rose 15% to $576 million.
- Related links: Oracle Q1 07 (Qtr. End 8/31/06) Earnings Call Transcript ♦ Oracle CEO Ellison Attacks SAP and Its CEO ♦ Oracle's On Fire: Reports Another Blowout Quarter, Pokes SAP in the Eye ♦ Oracle's New Direction Pleases Both Customers and Shareholders ♦ SAP Suffering from Foot in Mouth Disease ♦ Oracle's Analyst Day: Summary and Response
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