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Oracle on Thursday reported revenues of $9.6bn for fiscal Q3 2019 – which is about what analysts anticipated and prompted the stock to bounce up and down indecisively in after-hours trading.
For those three months to February 28, GAAP EPS increased to $0.76, or $0.87 non-GAAP, which is up eight per cent from $0.80 non-GAAP in fiscal Q2 2019.
Analysts - Revenue - EPS - Database - Giant
Analysts had expected $9.59bn in revenue and EPS of non-GAAP $0.84. The database giant has come in ahead of predictions more often than not over the past two years.
Oracle stock closed at $53.06 per share on Wednesday, a record high. Part of the stock's buoyancy has been attributed to the company's aggressive repurchase of shares, particularly over the past year. On February 12, the company told the SEC it has added $12 billion to its share buyback program.
Oracle - Thursday - Flotation - Device - Form
Oracle on Thursday deployed an additional fiscal flotation device in the form of an inflated common stock dividend, now at $0.24 per share, up from $0.19 per share.
Revenue growth, on the other hand, has been largely flat, which is to say down one per cent or up three per cent in constant currency compared to fiscal Q3 2018.
Oracle - Co-CEO - Safra - Catz - Statement
Oracle co-CEO, Safra Catz said in a statement she was pleased with the results. "Our overall operating margin improved to 44 per cent as our lower margin hardware business continued to get smaller while our higher margin cloud business continued to get bigger," she said, noting that the company is positioned to deliver another year to "comfortably deliver another year of double-digit EPS growth."
In June 2018, Oracle stopped reporting its cloud revenue separately, making it more difficult to discern how the company is doing in its cloud business.
Conference - Call - Investors - Catz
On a conference call for investors, Catz said,...
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