Oracle Corporation (ORCL) - NYSE
  • Jun. 20, 2013, 4:19 PM

    More on Oracle:  New software license/cloud subscription growth only 1% Y/Y in FQ4 (was -2% in FQ3 and +17% in FQ2), at low end of guidance of 1%-11% (cloud competition to blame?). Software license/product support sales +6% (+7% prior), hardware product sales -13% (-23% prior), at high end of guidance of -13% to -23%. Engineered systems sales +45%, Oracle claims share gains against IBM's System p line. ERP/HR/CRM cloud app sales +50% Y/Y, total cloud business on $1B/year run rate. $2.8B spent on buybacks, limiting EPS miss. Company moving to NYSE. ORCL -6.3% AH. CC at 5PM ET (webcast), guidance should be provided. (PR)

    | Jun. 20, 2013, 4:19 PM
  • Jun. 20, 2013, 4:06 PM
    Oracle Corporation (ORCL) declares $0.12/share quarterly dividend, 100% increase from prior dividend of $0.06. Forward yield 1.46%. For shareholders of record July 12. Payable Aug. 02. Ex-div date July 10. Shares -4.9% AH. The board authorized to repurchase additional $12.0B of common stock. (PR)
    | Jun. 20, 2013, 4:06 PM
  • Jun. 20, 2013, 4:03 PM
    Oracle (ORCL): FQ4 EPS of $0.87 misses by $0.01. Revenue of $11.0B misses by $0.12B. Shares -4.9% AH. (PR)
    | Jun. 20, 2013, 4:03 PM
  • Jun. 20, 2013, 7:46 AM

    Oracle's (ORCL) FQ4 results are due out after the bell, with analysts predicting that EPS rose to $0.87 from $0.82 a year earlier as revenue inched up 1.6% to $11.12B. "We expect the company to report muted growth as it continues to face significant challenges in its hardware business," says SA author Trefis. "However, its software business could get back on the growth track after a dismal performance last quarter."

    | Jun. 20, 2013, 7:46 AM
  • Jun. 20, 2013, 12:10 AM
    Notable earnings after Thursday’s close: ORCL, TIBX
    | Jun. 20, 2013, 12:10 AM
  • Jun. 19, 2013, 5:35 PM
    Notable earnings after Thursday’s close: ORCL, TIBX
    | Jun. 19, 2013, 5:35 PM
  • Jun. 18, 2013, 7:09 PM
    IBM is launching a slew of cloud apps/services it says are aimed at C-Suite execs, but is light on specifics. Big Blue says its SmartCloud Solutions portfolio now offers 100+ business functions for decision-making execs such as CFOs, CMOs, procurement/supply chain officers, and HR chiefs to leverage. A new social media analytics solution for CMOs (will compete against CRM's Radian6 and ORCL''s Collective Intellect) is among them. The announcement comes on the heels of IBM's ~$2B acquisition of cloud infrastructure provider SoftLayer, which the company plans to integrate with its SmartCloud unit.
    | Jun. 18, 2013, 7:09 PM
  • Jun. 17, 2013, 6:59 PM
    Oracle (ORCL) has the potential to support a quarterly dividend at least twice as high as its current $0.06/share (0.7% yield), argues RBC's Matthew Hedberg. Hedberg points out Oracle, whose board will be free to consider a hike in August, only paid out 9% of its free cash flow in FY12, 1/3 of a peer group average of 27%. On the other hand, buybacks consumed 45% of free cash flow, a little above the peer group's 41%. Meanwhile, Jefferies' Ross MacMillan foresees Oracle reporting an in-line FQ4 on Thursday, with FQ3 order push-outs and a server refresh offsetting IT spending weakness. (Goldman)
    | Jun. 17, 2013, 6:59 PM | 2 Comments
  • Jun. 7, 2013, 12:55 PM

    "Given the strong performance of high dividend yielding stocks to date, we would not be surprised" if Oracle (ORCL +1.8%) hikes its dividend, says Goldman's Heather Bellini, reiterating a Buy and $42 PT a day after Berenberg made a 2-notch downgrade to Sell on Hana-related fears. Oracle has a yield of just 0.7%; the enterprise software giant has mostly focused its cash-return efforts on buybacks (they totaled $2.1B last quarter).

    | Jun. 7, 2013, 12:55 PM | 1 Comment
  • Jun. 6, 2013, 6:40 PM
    "If SAP's Hana is a success, we estimate its [database] market share rising to between 15-20% from its current low single digits. This inevitably will [impact] Oracle’s market share, but more importantly we believe it could affect the margin structure of the industry," says Berenberg's Daud Khan, explaining his 2-notch downgrade of Oracle (ORCL -2.3%) to Sell. Khan notes some Hana users are still paying maintenance fees to Oracle due to contracts, which won't last forever. The downgrade comes shortly after SAP stated it now has 1,500+ Hana customers, up from 1,300+ at the end of Q1. SAP is targeting €650M-€700M in 2013 Hana revenue - that's up from 2012's €392M, but well below Oracle's database revenue.
    | Jun. 6, 2013, 6:40 PM | 5 Comments
  • Jun. 6, 2013, 9:09 AM
    Oracle (ORCL), Citrix (CTXS), and VMware (VMW) are downgraded to Sell by Berenberg. Oracle and Citrix are off fractionally, while VMware is up 3.1% in response to COO Carl Eschenbach's reassuring talk at a BofA/Merrill conference. Oracle's FQ4 report arrives on June 20.
    | Jun. 6, 2013, 9:09 AM
  • May 29, 2013, 2:09 PM
    Global server sales fell 5% Y/Y in Q1, says Gartner. That's a reversal from Q4's 5% growth, and evidence of both weak IT spending and a shift towards cheaper hardware. #1 IBM, whose hardware unit had an ugly Q1, saw its revenue share fall 250 bps Y/Y to 25.5%. #2 H-P (HPQ), hurt by crumbling Itanium server demand, saw its share fall 280 bps to 25%, and #5 Oracle (ORCL), hit hard by plunging UNIX server sales, saw a 130 bps drop to 4.6%. But #3 Dell's (DELL) share rose 310 bps to 18%, and Cisco (CSCO) cracked the unit share top-5 at 2.3%. The buying habits of Internet companies led non-top-5 vendors to make up 22% of sales, up 370 bps. Sales of x86 servers (mostly INTC-based) grew 1.8%, down from Q4's 6.6%. (IDC's Q4 data)
    | May 29, 2013, 2:09 PM | 3 Comments
  • May 16, 2013, 12:16 PM

    Cisco JV partner EMC (EMC +4.5%) joins the list of companies rallying in response to Cisco's FQ3 beat and guidance. Cisco mentioned on its earnings call integrated hardware solutions such as Vblock (offered by the Cisco/EMC VCE JV) are driving demand for its UCS servers - Cisco's UCS unit saw 77% Y/Y rev. growth. All in all, it's a good day for enterprise IT names, who are happy to receive some good earnings news after getting plenty of bad news (I, II, III, IV). HPQ +1.7%. IBM +1.3%. ORCL +1.3%. VMW +2.6%. TIBX +4.1%. CTXS +3.9%. CRM +3.8%. JIVE +4.1%. NTGR +2.7%. CVLT +2.6%. INFA +3%. (others rallying: I, II)

    | May 16, 2013, 12:16 PM | 1 Comment
  • May 15, 2013, 1:23 AM
    IDC cuts its 2013 IT spending growth forecast to 4.9% from 5.5%, citing macro issues and weak PC demand; 2012 growth was 5.6%. Gartner, which includes a bigger array of products/services in its numbers, forecast 4.1% growth last month. IDC now sees U.S. software spending (MSFT, ORCL) growing 6%, down from a prior 7%. Storage hardware revenue (EMC, NTAP) is only expected to grow 2.4%, down from 2012's 6.1%, and carrier spending on networking gear (CSCO, JNPR, ALU, CIEN) is expected to grow just 1.1% vs. 5.8% in 2012. Recent earnings reports and warnings (I, II, III, IV) help explain the subdued outlook.
    | May 15, 2013, 1:23 AM | 2 Comments
  • Apr. 23, 2013, 12:04 PM

    Salesforce (CRM +2.5%) integrates its offerings a little more by launching Social.com, an app for its Marketing Cloud platform for creating/managing social media ad campaigns. The product, which Salesforce claims is the first solution to integrate social media advertising and monitoring, complements the monitoring tools acquired from Radian6, and the publishing tools it acquired from Buddy Media. Salesforce, which competes with ORCL and CTCT in this space, also promises integration with its flagship CRM software. The announcement comes after Marc Benioff outlined plans to integrate Chatter with Salesforce's CRM software.

    | Apr. 23, 2013, 12:04 PM
  • Apr. 15, 2013, 3:59 PM
    Oracle (ORCL) files a mixed securities shelf. The software giant has been acquisition-hungry as ever lately (I, II, III), with cloud and telecom software especially piquing its interest. Is it laying the groundwork for additional purchases? (S-3)
    | Apr. 15, 2013, 3:59 PM
Company Description
Oracle Corp. provides enterprise software and computer hardware products and services. The company is organized into three businesses: Software and Cloud, Hardware Systems and Services. The Software and Cloud business operates through the following segments: New Software Licenses and Cloud... More
Sector: Technology
Industry: Application Software
Country: United States