Boston, MA 06/21/2013 (wallstreetpr) – The share prices of Oracle Corporation (NASDAQ:ORCL) declined for the past two days owing to the company missing the sales expectations for the fourth quarter of this fiscal year. The company had reported quarterly revenue of $10.95 billion while the consensus estimates were at $11.12 billion. The net earnings for the shareholders of Oracle Corporation (NASDAQ:ORCL) had been reported to be $3.8 billion or 80 cents gain per basic and diluted share, compared to the earnings of 69 cents per basic and diluted share for the same quarter of previous year.
Oracle Corporation (NASDAQ:ORCL)’s full year revenue had been reported to be $37.18 billion and $2.68 earnings per basic and diluted share, over the consensus estimates of $37.45 million and $2.68 earnings per share. The company had managed to add over 500 SaaS customers during the fourth quarter alone with the growth in HCM Cloud, CRM cloud and ERP Cloud crossing 50 percent for the year.
In addition, Oracle Corporation (NASDAQ:ORCL) had also announced that the company had doubled the dividend to its shareholder to 12 cents per share which would be paid to shareholders on record as on the close of business on July 12, 2013.
The share prices of Oracle Corporation (NASDAQ:ORCL) had declined by 2.58 percent to close at $33.21 per share for the end of last trading session on Thursday. The shares of the company had been trading in the range of $33.03 to $34.01 per share during the day. The shares of Oracle Corporation (NASDAQ:ORCL) had recorded 52 week low price level at $27.24 per share and 52 week high price level at $36.43 per share.
Oracle Corporation (NASDAQ:ORCL) witnessed the trade of 35.22 million shares on Thursday, while the average trading volume of the company is at 20.18 million shares per day. The company presently holds 4.71 billion shares outstanding in the market with an institutional ownership of 61 percent of its holdings.
