Morgan Keegan Raises Estimates on Oracle Corp.

Morgan Keegan published its report today on Oracle Corp. ORCL raising its estimates on ORCL. In its report to clients, Morgan Keegan writes, "We are raising our Q311, FY11, and FY12 estimates to reflect the better-than-expected performance in Q211. More specifically, we are raising our Q311 PF revenue and PF EPS estimates from $8.43B to $8.62B, +33.3% y/y growth (Street $8.40B, guidance +31% to +35% y/y or $8.47B to $8.73B) and from $0.46 to $0.49 (Street $0.46, guidance $0.48 to $0.50). Our underlying Q311 PF operating margin estimate is 41.9%. The company expects ~1% currency headwind in Q311." ORCL closed yesterday at $30.27.