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Oracle (ORCL) guides on its FQ3 call (webcast) for -1% to +4% Y/Y revenue growth in FQ4, and EPS...

Oracle (ORCL) guides on its FQ3 call (webcast) for -1% to +4% Y/Y revenue growth in FQ4, and EPS of $0.85-$0.91. The former is below a consensus for 5.2% growth, while the latter is in-line with an $0.88 consensus. New software license/cloud subscription growth is expected to be in a range of 1%-11%, and hardware product sales are expected to fall 13%-23%. Oracle blames its FQ3 miss in part on deal push-outs and sales execution issues related to new hires. Oracle insists its win rate remains strong, and that the macro situation is unchanged. Shares -7% AH.
Comments (6)
  • Complete overreaction in the AH trading. Brokerage houses love to buy shares from scared traders/investors on the cheap. ORCL did not miss by much on top-line. ORCL technically matched on bottom-line factoring in currency valuations. ORCL is setting up for a blow-out fourth quarter. ORCL is a good long buy and hold at these levels. Every good company hits a minor road block makes adjustments and blows through the fences. ORCL is one of those good companies...
    20 Mar 2013, 05:49 PM Reply Like
  • Agree. Down 7.2%. Why? This is a $100+ billion monopoly.
    20 Mar 2013, 11:23 PM Reply Like
  • How is Oracle a monopoly?
    20 Mar 2013, 11:49 PM Reply Like
  • Business software.
    20 Mar 2013, 11:59 PM Reply Like
  • Like what software exactly? Their software is sticky, but by no means monopolistic. There is a reason they are losing to the clouds and they have to buy other companies to growth.
    21 Mar 2013, 12:49 AM Reply Like
  • I'm an Oracle investor and these are very disappointing results. I caught much of the cc--Hurd kept insisting conversion rates were at least part of the problem and that the pipeline remained strong and win-rates increased. Imagine how bad it would've been if win-rates remained unchanged (or decreased).

     

    I still believe this is a solid company, but c'mon guys--you gotta execute and deliver on the promises and potential. You are *Oracle* for Heaven's sake! Make it happen.
    20 Mar 2013, 05:51 PM Reply Like
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