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Oracle Corporation (ORCL)

  • Dec. 19, 2012, 11:31 AM
    Some enterprise software names are rallying in the wake of Oracle's (ORCL +3.4%) FQ2 beat, which was fueled by strong software license sales. VMW +3.7%. WDAY +2.9%. SPLK +2.6%. INFA +2.2%. JIVE +3.5%. Also, Mellanox (MLNX +4.9%) is getting a lift from the strong performance of Oracle's engineered systems business. Oracle noted on its earnings call its app license growth was north of 30%. Goldman estimates total license growth received a 600 bps boost from acquisitions, but is still impressed.
    | Dec. 19, 2012, 11:31 AM | Comment!
  • Dec. 18, 2012, 5:21 PM
    Oracle (ORCL) guides on its FQ2 call (webcast) for FQ3 revenue growth of 1%-5% Y/Y and EPS of $0.64-$0.68, in-line with a consensus for 4.3% growth and $0.66. New software license/cloud subscription growth is expected to be anywhere from 3%-13%, and hardware product sales flat to -10% (a decent improvement, though easier comps help). Engineered systems unit bookings rose 70% Q/Q, and Larry Ellison claims share was gained against SAP in Europe. Shares +1.8% AH. (FQ2 results: I, II)
    | Dec. 18, 2012, 5:21 PM | Comment!
  • Dec. 18, 2012, 4:25 PM
    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)
    | Dec. 18, 2012, 4:25 PM | 1 Comment
  • Dec. 18, 2012, 4:22 PM
    Oracle (ORCL): FQ2 EPS of $0.64 beats by $0.03. Revenue of $9.09B (+3% Y/Y) beats by $60M. Shares +1.4% AH. (PR)
    | Dec. 18, 2012, 4:22 PM | Comment!
  • Dec. 18, 2012, 9:40 AM
    H-P (HPQ -0.6%) opens lower after Topeka's Brian White, best known for praising all things Apple, downgrades shares to Sell in response to their rally. H-P's product line issues, a weak IT spending environment, and Cisco and EMC's ambitions to become broader IT solutions providers are named as concerns. White also notes H-P's European exposure (EMEA was 36% of FQ4 sales), and says his firm believes "IT spending in the region has deteriorated further over the past few weeks." (yesterday)
    | Dec. 18, 2012, 9:40 AM | 2 Comments
  • Dec. 18, 2012, 7:58 AM
    Oracle (ORCL) is due to release its FQ2 results after the bell, with analysts expecting that EPS rose to $0.61 from $0.54 and that revenue edged up 2.5% to $9.03B, helped by a strong increase in software-license revenue. Pacific Crest Securities has "heard about more large deals than we have in the recent past," although JMP Securities says the "hardware business (Sun) in the U.S. may have again been light."
    | Dec. 18, 2012, 7:58 AM | Comment!
  • Dec. 18, 2012, 12:10 AM
    Notable earnings after Tuesday’s close: ORCL
    | Dec. 18, 2012, 12:10 AM | 2 Comments
  • Dec. 17, 2012, 5:35 PM
    Notable earnings after Tuesday’s close: ORCL
    | Dec. 17, 2012, 5:35 PM | Comment!
  • Dec. 13, 2012, 10:54 AM
    Oracle (ORCL) remains as acquisition-hungry as ever. Its latest target is DataRaker, developer of a "cloud-based analytics platform" (two buzzwords in there) for utilities trying to leverage big data (another buzzword) with the help of information from smart meters. IBM has also bet big on utility analytics, via its Smart Grid and IOC businesses. Separately, Oracle has announced an update to its RightNow cloud customer support platform, which competes with Salesforce's Service Cloud.
    | Dec. 13, 2012, 10:54 AM | Comment!
  • Dec. 12, 2012, 11:17 AM
    Oracle (ORCL -0.6%) will beat Street estimates when it reports FQ2 results next Tuesday, says Credit Suisse. The firm cites healthy application license sales and strong growth for its high-end engineered systems (Exadata, Exalytics, etc.) - the latter would be a positive for Mellanox (MLNX). Oracle's engineered systems sales doubled Y/Y in FQ1, but total hardware sales still fell 19% as demand for storage gear and traditional Sun UNIX servers withered.
    | Dec. 12, 2012, 11:17 AM | Comment!
  • Dec. 5, 2012, 2:26 PM
    BofA/Merrill has downgraded Tibco (TIBX -20.1%) to Neutral following its FQ4 warning, which has led shares to plunge to new 52-week lows. Piper sees the warning as another sign of "pervasively deteriorating conditions for on-premise software companies." The Street seems to agree a bit: QLIK -4.2%. INFA -5%. ORCL -1.8%. RHT -1.4%. CTXS -1.7%. Wedbush argues Tibco's long-term growth story is intact - Tibco noted in its warning demand for its Spotfire analytics platform remains strong.
    | Dec. 5, 2012, 2:26 PM | Comment!
  • Dec. 4, 2012, 5:01 PM
    Tibco (TIBX) -14.7% AH after warning it expects to report FQ4 (ended Nov. 30) revenue of $292M-$295M and EPS of $0.37-$0.38, below a consensus of $316M and $0.44. Tibco blames a mix of soft government spending, Sandy-related deal delays, and poor execution in its infrastructure (i.e. middleware) business, particularly in the Americas. The FQ4 report arrives on Dec. 20. It could be a rough day for enterprise software stocks tomorrow: QLIK -3.7%. PRGS -1.4%. RHT -2.3%. INFA -1.1%. CTXS -1%. ORCL -0.9%. SAP -0.8%.
    | Dec. 4, 2012, 5:01 PM | Comment!
  • Dec. 3, 2012, 4:55 PM
    Oracle Corporation (ORCL) announced acceleration of second, third and fourth quarter dividend totaling $0.18/share. For shareholders of record Dec. 14. Payable Dec. 21. Ex-div date Dec. 12. (PR)
    | Dec. 3, 2012, 4:55 PM | Comment!
  • Dec. 3, 2012, 4:43 PM
    With the fiscal cliff (and a potential dividend tax hike) looming, Oracle (ORCL) has decided to accelerate the payment of its FQ2, FQ3, and FQ4 quarterly dividends. The payments, which total $0.18/share, will now be made on Dec. 21 to shareholders on record as of Dec. 14. Oracle's board won't be able to declare another dividend until Aug. 31, 2013, the end of its fiscal year. StreetInsider observes the move could save Larry Ellison $50M in tax payments.
    | Dec. 3, 2012, 4:43 PM | Comment!
  • Nov. 19, 2012, 12:18 PM
    SAP (SAP +2.9%) is closing on its 52-week high after receiving an upgrade to Outperform from William Blair. The firm argues SAP is benefiting from acquisitions, new innovations, end-to-end product suites, and strong demand for its Hana in-memory database. SAP's sales growth has easily outpaced that of archrival Oracle (ORCL) in recent quarters.
    | Nov. 19, 2012, 12:18 PM | Comment!
  • Nov. 16, 2012, 2:16 PM
    Gartner forecasts global enterprise IT spending will rise 2.5% next year to $2.68T. Investors should be aware these estimates get revised frequently - 4 months after hiking its 2012 IT spending growth forecast to 3%, Gartner claims 2012 will only see "scant overall growth" due to macro issues that have clearly pressured (I, II) many enterprise IT names. Decent IT spending growth from financial services, telecom, and media companies is expected to offset continued government weakness.
    | Nov. 16, 2012, 2:16 PM | Comment!
ORCL vs. ETF Alternatives
Company Description
Oracle Corporation develops, manufactures, markets, hosts and supports database and middleware software, application software, cloud infrastructure, hardware system including computer server, storage and networking products and related services.
Sector: Technology
Country: United States