Oracle Reports GAAP EPS of $0.51; Non-GAAP EPS of $0.63

22 Dec 2015 | Author: | No comments yet »

Here’s What to Expect from Oracle Corporation 2Q Earnings.

The Redwood City, Calif., company has been a victim of the higher value of U.S. currency, which hurts its income statement when revenue booked in foreign currencies is converted to dollars. In September, Safra Catz, Oracle’s co-chief executive, said she expected foreign-exchange rates to hurt revenue by 6% and per-share earnings by 5 cents but conceded that it could be worse. Meanwhile, Oracle has bolstered its offerings of services that run in the “cloud” as demand for traditional software that businesses run on their own computers has waned.

For the period ended Nov. 30, Oracle reported a profit of $2.2 billion, or $51 cents a share, down from $2.5 billion, or 56 cents a share, a year earlier. The tech corporation has worked hard to gain solid foothold in the cloud industry, battling against Amazon Web Services (AWS) in IaaS arena, Workday and Salesforce in PaaS and SaaS domains. Platform-as-a-service (PaaS), infrastructure-as-a-service (IaaS), and software-as-a-service (SaaS) are three core functions that have replaced the deployment of the on-premises database servers. National Bank of Greece (OTCMKTS:NBGGY) stock continues to decline even after major developments such as delisting, recapitalization, and reverse split.

This disbursement will mark the end of the first €26 billion tranche; part of three-year €86 billion bailout package the country signed in August. In regard to the country’s investment needs, Greek Deputy Foreign Affairs Minister, Dimitris Mardas said: “Greece needs, as you say, an investment shock. In this context we try to apply a series of measures, a series of actions which can favor investments in Greece in all areas.” The ministry of foreign affairs is desperate to stimulate investment in all major segments to boost the economy.

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