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More on Oracle's FQ1: $3.1B worth of shares repurchased, big reason EPS met forecasts. Software...

More on Oracle's FQ1: $3.1B worth of shares repurchased, big reason EPS met forecasts. Software licenses +6% Y/Y (+7% in FQ4). License update/support revenue +3%. But hardware was ugly again, with product revenue down 24% Y/Y (worse than FQ4's -16%) even as sales of high-end "engineered" systems doubled. Sales/marketing expenses -5%, but R&D +14%. Deferred revenue rose to $8.3B from FQ4's $7B, likely helped by a cloud business approaching a $1B run rate. ORCL -0.6% AH. CC at 5PM ET (webcast). (PR)
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