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More on Oracle: Another $3B in buybacks lifted EPS. New software license/cloud subscription...

More on Oracle: Another $3B in buybacks lifted EPS. New software license/cloud subscription sales +17% Y/Y, a nice improvement from FQ1's +6%. License update/product support +7% (+3% prior). Hardware product sales still ugly at -23% (-24% prior). High-margin services revenue -5% (-6% prior). Opex -1%, below revenue growth of 3%. Headcount up by 1.3K to 117.2K. Americas sales +6% and Asia-Pac +8%, EMEA a weak spot, -2%. ORCL +1.7% AH. CC at 5PM ET (webcast), expect guidance and the usual Larry Ellison theatrics. (PR)
Comments (1)
  • ray108
    , contributor
    Comments (11) | Send Message
     
    Mgt said they repurchased 350M shares during past twelve months, yet the number of shares o/s only decreased by half that much. And perhaps the rest is held for stock compensation awards. How else can you increase your sales force by 3,000+ "without increasing your sales costs"? It's because this mgt's personal definition of income ("non-GAAP") doesn't include the real expense of stock compensation.
    19 Dec 2012, 08:16 AM Reply Like
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