Oracle Reports Strong Earnings, But the Good Times May Not Last

Date: Dec 20 2012

Filed under: Company News, Oracle, Market News

Shares of Oracle (ORCL) moved higher on Wednesday after a better than expected quarterly report.

The business software giant has now exceeded expectations in three of the past four quarters. But the business itself is a mixed bag.

Adjusted earnings soared 18 percent, to $0.66 a share, well ahead of the $0.61 a share that analysts were targeting. Yet despite an 18 percent boost in new software licenses and cloud revenue, and an 8 percent uptick in software license updates and product support…

Oracle Reports Strong Earnings, But the Good Times May Not Last originally appeared on DailyFinance.com on 2012-12-20T07:00:00Z.

Permalink | Email this | Comments

http://www.dailyfinance.com/2012/12/20/oracle-strong-earnings-but-good-times-may-not-last/

«

»