Oracle Revenue To Jump 15%, Analysts Predict - InformationWeek
IoT
IoT
IT Leadership // CIO Insights & Innovation
Commentary
3/19/2010
04:35 PM
Bob Evans
Bob Evans
Commentary
50%
50%
RELATED EVENTS
7 Key Cloud Security Trends Shaping 2017 & Beyond
Dec 15, 2016
Cloud computing is enabling business transformation as organizations accelerate time to market and ...Read More>>

Oracle Revenue To Jump 15%, Analysts Predict

Oracle is expected to report a revenue increase of more than 15% for the quarter ended Feb. 28 as some analysts are forecasting a resurgence in new software license sales. One report referred back to related comments made three months ago by Oracle president Safra Catz who said, "We're definitely seeing customers back buying . . . . We are really seeing a recovery."

Oracle is expected to report a revenue increase of more than 15% for the quarter ended Feb. 28 as some analysts are forecasting a resurgence in new software license sales. One report referred back to related comments made three months ago by Oracle president Safra Catz who said, "We're definitely seeing customers back buying . . . . We are really seeing a recovery."From a marketwatch.com article on the outlook for Oracle:

Analysts on average estimate Oracle will report earnings excluding special items of 38 cents a share, and $6.36 billion in revenue for the period ended in February, according to data from Thomson Reuters. That compares to earnings excluding items of 35 cents a share, and $5.5 billion in revenue in the same period last year. . . .

Credit Suisse analyst Philip Winslow told clients in a research note published Thursday that even though the third quarter is usually relatively weak for Oracle, the company likely saw "a continued rebound" in the period.

"Our checks suggest that Oracle sales consultants are increasingly busy with presales activities, reinforcing our confidence," the analyst wrote.

The MarketWatch article also quoted Peter Goldmacher of Cowen & Co. as saying that while Oracle has been "vague in setting expectations" for Sun's near-term contributions, it's expected to contribute up to 2 cents per share in earnings, and up to $690 million in revenue, according to "consensus estimates."

Oracle CEO Larry Ellison has been adamant in stating that Sun would become profitable through growth rather than through cost-cutting, and at the Oracle-Sun coming-out party in late January he pledged that Sun's operations would become profitable beginning last month (February).

We'll all find out on Thursday, March 25, when Oracle announces its results after the market closes.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
Top IT Trends to Watch in Financial Services
IT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of November 6, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll