Oracle (ORCL) is now up 3.5% AH after the company guides for FQ2 revenue of $8.99B-$9.34B and...

|By:, SA News Editor

Oracle (ORCL) is now up 3.5% AH after the company guides for FQ2 revenue of $8.99B-$9.34B and EPS of $0.56-$0.58, compared with a consensus of $9.36B and $0.56. Oracle expects its struggling hardware business to be flat to down 5%, and claims the weakness is solely due to poor low-end server sales. But IBM might beg to differ.