Northern,WI 9/20/2012 (BasicsMedia) — Oracle (NASDAQ:ORCL): Larry LaLa Land Reports Tonite and not sure if you know that ORCL was one of the original “Four Horseman” of Internet age stocks. They were MSFT, ORCL, AOL, AMZN..or at least thats what I remember from the Hedge Fund trading desk from 1997.
Trading was so brisk in those days that all you could do was locate the symbol the Portfolio Manager wanted bought or sold and give it to a broker to work for you. The web based trading systems we know today were not in place and everything was one via telephone orders. We did buisness with guys like Montgmery Asset, Robbie Stephens, Lehman and Merill Lynch..none are around any more. But Larry Ellison is around..and it reminds me of the old Cher and Cockroach jokes..
ORCL reports tonite and marketwatchers will be watching the stock and listening to the conf call the same way they did in 1997 !! Not much changes on that end..below is some info on ORCL numbers..listen in to LaLa Larry and his crew!!
Oracle Corp. (ORCL) is scheduled to announce its fiscal 2013 first quarter results after the closing bell on September 20, 2012. In the run up to the earnings release, we do not notice any significant revision in estimates by the analysts covering the stock. Oracle has outperformed the Zacks Consensus Estimate in the preceding four quarters by a positive 2.50%. We expect this trend to continue in the current quarter.
Previous Quarter Highlights
Oracle reported robust top-line growth in the fourth quarter of 2012 that helped the company earn 79 cents per share in the quarter, beating the Zacks Consensus Estimate by 3 cents.
Total revenue increased 1.3% year over year to $10.92 billion, driven by better-than-expected new software license revenues (up 6.6% year over year), fully offsetting a decline in hardware sales (down 13.8% year over year). The decline in hardware sales was primarily due to lower volumes.
For the first quarter of 2013, Oracle expects non-GAAP earnings in the range of 51 cents to 55 cents per share. Oracle expects total revenue growth on non-GAAP basis to range from -2.0% to 1.0% considering the current rates.
Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. It licenses database and middleware software, including database and database management, application server and cloud application, service-oriented architecture and business process management, business intelligence, identity and access management, data integration, Web experience management, portals, and content management and social network software.
Disclaimer: We have no position in any stock here and are not paid by anyone to write about them.