Friday, 18 December 2009 02:25 Last Updated on Friday, 18 December 2009 20:02
Great quarter from Oracle:
http://online.wsj.com/article/SB10001424052748704238104574602383321434834.html?ru=yahoo&mod=yahoo_hs
http://finance.yahoo.com/news/Oracle-Tops-Q2-Estimates-ibd-142999019.html?x=0&.v=1
Earnings grew 12% on a 4% rise in revenues – both better than expectations. Recurring or “maintenance” revenues now 56% of sales. New “license” revenues up 2% bodes well and indicates potential turn of its business after several quarterly declines. Company says it expects EU to approve acquisition of Sun Microsystems. Guidance looks good. With fiscal ’10 PE of 15 and forward fiscal ’11 PE of 13, ORCL shares are still reasonably priced.