Oracle Corporation Stock Tanks On Earnings Miss

Oracle Corporation Stock Tanks On Earnings Miss
By Sanatan2014 (Own work) [CC BY-SA 4.0], via Wikimedia Commons

Oracle Corporation (NYSE:ORCL) released its latest earnings report after closing bell tonight, posting earnings of 92 cents per share, excluding items, on $11.33 billion in revenue. Reported earnings per share for the fourth quarter of the 2014 fiscal year were 80 cents. Analysts had been expecting adjusted earnings of 95 cents per share on $11.5 billion in revenue.

Breaking down Oracle’s quarterly results

It’s likely that the action around Oracle Corporation (NYSE:ORCL)’s earnings tonight will continue into tomorrow, as a report posted on NASDAQ points out that the stock has historically seen aggressive movement the day following its earnings reports. Before tonight’s earnings report, Oracle Corporation (NYSE:ORCL) stock had been close to a its 52-week high, as sentiment was running very high.

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Oracle Corporation (NYSE:ORCL) said for the fourth quarter, Software ad Cloud revenues rose 4% to $8.9 billion. GAAP Cloud software-as-a-service platform-as-a-service revenues climbed 25% to $322 million. Non-GAAP revenues in that same segment rose 23% to $327 million. Cloud infrastructure-as-a-service revenue increased 13% to $128 million. Overall hardware systems revenues rose 2% to $1.5 billion. Software license updates and product support revenues increased 7% to $4.7 billion.

Oracle reports full-year results

Oracle Corporation (NYSE:ORCL) reported that for the full 2014 fiscal year, total revenues rose 3% to $38.3 billion. Non-GAAP operating income for the full year rose 3% to $18.1 billion, while GAAP operating income increased 1% to $14.8 billion.

GAAP operating margin was 39%, while non-GAAP operating margin was 47%. GAAP net income for the full year was flat at $11 billion, and non-GAAP net income rose 2% to $13.2 billion. GAAP earnings per share were $2.38, and non-GAAP earnings per share were $2.87 for the full 2014 fiscal year.

Oracle and Micros Systems

This week we heard that Oracle Corporation (NYSE:ORCL) was close to a deal to acquire MICROS Systems, Inc. (NASDAQ:MCRS) for approximately $5 billion. Micros shares soared so high so fast that trading on the stock was halted briefly on Tuesday. If Oracle has indeed been talking acquisition with Micros, however, there wasn’t anything about it in tonight’s earnings report.

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