Oracle reported profit decrease
The technology concern Oracle reported in the second quarter of fiscal 2012 (to 30th November) modest revenue growth. They have risen only 2% to 8.8 billion dollars (6.7 billion), the company says the reason is the weak development of the hardware division. Its reported revenue decline of 14% to 953 million dollars. However, net profit rose by 17% to 2.2 billion dollars (1.7 billion) and earnings per share jumped by 6% to 0.54 dollars per share. The profit and revenue, however, remained below expectations of analysts who predicted a profit of 0.57 dollars per share on revenue of 9.23 billion dollars. Because this rate the shares of Oracle in additional trading hours after the session is dropped 9% to 26.56 dollars. Revenues from new software licenses between September and November were up only 2% to $ 2 billion. Updates of licenses and maintenance have contributed to the $ 4 billion to the total score, an increase of 8%. Currency fluctuations had a negative impact on results. According to Chief Financial Officer Safra Catz blamed for slow growth in new licenses are problems in the distribution. In late November, many contracts have been confirmed until the last minute. "To not happen over this, improved Distribution Management," she added.
Oracle surprised with 76% profit increase
The U.S. company for software development Oracle reported surprisingly high growth in profit for the third quarter of its fiscal year. This is due to increased sales of new corporate clients and performance of the division for the production of hardware. The company's profit during the three months to February 28 amounted to 2,1 billion dollars, or 41 cents a share. For the same period last year, Oracle had a positive result of 1.19 billion dollars, or 23 cents a share. For the exclusion of certain one-off effects estimated profit of 54 cents per share. Meanwhile, the Oracle's sales have increased by 37 percent annually to 8.76 billion dollars. The preliminary estimates of analysts was for earnings excluding one-time effects amounting to 50 cents a share and revenue of 8.7 billion dollars.
"We have an excellent quarter," said one company president Safra Katz. The good results of Oracle to increase the quarterly dividend to shareholders. So it will be 0.06 dollars per share, or 20% higher than the dividend for the previous quarter.
The positive news is that the company does not expect significant negative effects due to the earthquake in Japan and the subsequent tsunami, despite the expected results for this quarter to be better than early estimates. The Japanese market Oracle generates about 5 percent of their annual revenue.
Categories
- American Companies
- Asian Companies
- Australian Companies
- European Companies
- Half Year Report
- Monthly Report
- Quarter Reports
- Yearly Report
Useful Links
Calendar
Recent Comments
- zaki on Unilever with unexpected high profit
- alam on Unilever with unexpected high profit
- Tailynn on Veolia with a profit jump of 44 percent for the year 2009
- Alina Thornton on AT&T hardly increased its profit in the first quarter
- Darrell Hardaway on Adidas with profit increase with the support of the World Cup