Boston, MA 06\/20\/2014 (wallstreetpr) \u2013\u00a0Enterprise software and computer hardware products and services provider, Oracle Corporation (NYSE:ORCL)<\/b> shares will see selling pressures from investors and traders on Friday as the company\u2019s earnings, as well as, revenues for the fourth quarter fell shy of the Street analysts\u2019 expectations. The company has become the second biggest cloud Software as a Service provider globally, and it will not have any favorable impact among investors in the absence of the results failing to meet predictions.<\/p>\n
4Q Results<\/b><\/p>\n
Oracle Corporation (NYSE:ORCL)\u00a0reported net income of $3.65 billion, down 4% from $3.81 billion in the year earlier quarter hurt by the Venezuela\u2019s recent currency devaluation. Its earnings per share remained flat at 80 cents for both the periods.<\/p>\n
On an adjusted basis, net income rose 1.7% to $4.185 billion from $4.114 billion and the earnings grew 5.7% to 92 cents a share from 87 cents a share in the year-ago quarter. The earnings result is three cents short of the Street analysts\u2019 average estimation of 95 cents a share.<\/p>\n
Revenue<\/b><\/p>\n
Revenue advanced 3% to $11.32 billion from $10.95 billion in the previous year quarter. Wall Street analysts\u2019 had predicted Oracle to deliver revenue growth of 4.9% at $11.48 billion.<\/p>\n
While revenue from new software licenses remained flat at $3.77 billion, cloud software-as-a-service and platform-as-a-service revenue rose 25% to $322 million from $257 million in the prior year quarter.<\/p>\n
Software license updates and product fetched revenue of $4.7 billion, up 7% from $4.4 billion in the year earlier period. The company\u2019s hardware systems revenue grew 2% to $1.47 billion from $1.43 billion, whereas its services revenues dipped 4% to $940 million from $975 million in the previous year quarter.<\/p>\n
Other Metrics<\/b><\/p>\n
While\u00a0Oracle Corporation (NYSE:ORCL)\u2019s GAAP operating margin slipped to 43% from 46%, its adjusted operating margin remained flat at 51%, as adjusted operating income rose 2% to $5.76 billion from $5.57 billion in the previous year quarter.<\/p>\n
Sales and marketing expenses accounted for 20% of the total revenue compared to 19% in the same quarter last year indicating the higher amount being spent towards sales and marketing.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 06\/20\/2014 (wallstreetpr) \u2013\u00a0Enterprise software and computer hardware products and services provider, Oracle Corporation (NYSE:ORCL) shares will see selling pressures from investors and traders […]<\/p>\n","protected":false},"author":12,"featured_media":19595,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[2948,2947],"stock_ticker":[],"class_list":["post-26679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nyseorcl","tag-oracle-corporation-nyseorcl","entry"],"acf":[],"yoast_head":"\n