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More on Oracle: New software license/cloud subscription sales fell 2% Y/Y in FQ3, down sharply...

More on Oracle: New software license/cloud subscription sales fell 2% Y/Y in FQ3, down sharply from FQ2's +17% and below guidance of +3%-13% (is cloud competition a factor?). Hardware product sales -23%, same as FQ2 and worse than guidance of flat to -10% (plunging UNIX server demand). License update/product support sales +7% (same as FQ2). Cloud software sales (boosted by acquisitions) grew "well over 100%." $2.1B in buybacks propped up EPS. Opex -2% Y/Y. ORCL -6.6% AH. CC at 5PM ET (webcast), guidance should be provided. (PR)
Comments (1)
  • FDX this morning and ORCL in the afternoon. That's 2 bell weather stocks that have reported weaker than expected earnings and subsequent big drops in stock prices. On the surface, this is not a good sign to next earnings season, and earnings and economic fundamentals (not "fears" and "worries") will be the reason for the market to go down.

     

    However, if earnings of these two companies were weaker due to stiffer competition, then I see that as slightly positive for the overall markets... Too early draw any conclusions...
    20 Mar 2013, 04:38 PM Reply Like
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