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Oracle Reports 47% YoY Boost to GAAP & Non-GAAP Total Revenues

Published on Thu, 12/16/2010 - 16:49
By FNN Staff
analysis, earnings, eps, financial, market, oracle, orcl, stock, trading

Oracle Corp. (NASDAQ:ORCL) posted its fiscal 2011 Q2 financial results following the closing bell Thursday afternoon, reporting a 47% boost year-over-year to its GAAP and non-GAAP total revenues at $8.6 billion. GAAP operating income rose 27% year-over-year to $2.8 billion; GAAP operating margin was reported at 32%. Non-GAAP operating income jumped 33% from the prior year to $3.8 billion; non-GAAP operating margin was 44%. GAAP net income rose 28% from the prior year to $1.9 billion, and non-GAAP net income rose 34% year-over-year to $2.6 billion. GAAP EPS hiked 27% year-over-year to $0.37, and non-GAAP EPS rose 33% from the year-ago period to $0.51.
company president Safra Catz commented, "Strong revenue performance plus disciplined business management enabled a 33% increase in non-GAAP earnings per share to $0.51, Our new license growth of 21% demonstrates the strength of the company-specific momentum we are seeing. And our Sun business continues to improve with hardware gross margins increasing to 53%."

By FNN Staff

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