Oracle issues in-line guidance, shares -0.3% AH

Oracle (ORCL) guides on its FQ2 CC (webcast) for 2%-6% Y/Y FQ3 revenue growth, and quarterly EPS of $0.68-$0.72. Those figures are in-line with a consensus of 4.2% growth and $0.70.

Software license/cloud subscription sales are expected to post 1%-11% growth in FQ3 after declining 1% in FQ2. Hardware product sales growth is expected to be in a range of -2% to +8%, better than FQ2's -3%.

Oracle also notes its costly/high-margin engineered systems (Exadata, Exalytics, etc.) now account for 30% of hardware product revenue. Oracle needs engineered systems sales growth to remain healthy to offset slumping sales of traditional SPARC/UNIX systems.

FQ2 results, details

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Comments (2)
  • Dillan
    , contributor
    Comments (58) | Send Message
    Awesome news tonight. Love it. New 52-week highs are around the corner.
    18 Dec 2013, 05:44 PM Reply Like
  • ganesha_1953
    , contributor
    Comments (3) | Send Message
    I love the Art of War Tactics deployed by the sales teams
    18 Dec 2013, 06:15 PM Reply Like
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