Oracle Jumps in After Hours on Q4 Earnings

Oracle

released its fourth-quarter earnings results after the closing bell on Monday. The company reported adjusted earnings per share of $0.82 compared to estimates of $0.78. Non-GAAP revenues for the quarter were up 1% to $11 billion versus Wall Street consensus revenue estimates of $10.89 billion. GAAP operating margins were 42% while non-GAAP margins were 50%. The company's board also declared a quarterly cash dividend of $0.06 and announced it has authorized the repurchase of an additional $10 billion in common stock under its existing share repurchase program. In Monday's after hours trading session, ORCL shares have climbed 5% to $28.48. "Our record-breaking fourth quarter featured several all-time highs for Oracle: new software license sales of $4 billion, total software revenue of $8 billion, total revenue of $11 billion, and EPS of 82 cents," said Oracle President and CFO, Safra Catz. "For the fiscal year, we also set all-time highs for operating margins of 46%, and operating cash flow of $13.7 billion."