| Oracle's Big Earnings Beat Zacks.com submits: Oracle Corp. (ORCL - Analyst Report) has reported fiscal first quarter 2011 earnings results after the bell Thursday, and the much-anticipated report did not disappoint Oracle investors. Citing strength in new software licensing, Oracle reported a 50% jump in revenues (non-GAAP) to $7.6 billion in the quarter. This amounts to an EPS of 42 cents per share, easily beating the Zacks Consensus Estimate of 35 cents. Though shares of ORCL had been surging throughout the month of September thus far with the high-profile addition of former Hewlett-Packard (HPQ - Analyst Report) CEO Mark Hurd as co-president of Oracle alongside Larry Ellison, prior to the earnings results, investors had been pulling back in Thursday trading. Shares of ORCL pulled back roughly 1.5% prior to the earnings announcement; immediately afterward, shares have gone back up nearly 4% in the after-market, to $26.26 per share.Complete Story » seekingalpha.com |
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