Oracle Earnings Meet The Street, As Profits Rise, Sales Drop

Oracle just reported its earnings results for the quarter ended in August, and the headline is that sales are down, though net profits on a GAAP basis are up.

On a non-GAAP basis, which is the number everyone looks at first, Oracle earned 53 cents a share, up 11 percent, on sales of $8.2 billion, which were down 2 percent.

The results met the consensus view of analysts you had expected Oracle to earn 53 cents a share on $8.4 billion in sales. Oracle shares fell 49 cents or about 1.5 percent during the regular trading session on the NASDAQ exchange to $32.23 a share. The shares fell by 59 cents or nearly 2 percent after hours after the earnings results were released.

Read Full Article from All Things Digital

- Posted: 2012-09-20 16:31:02

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