Oracle Corporation Earnings Cheat Sheet: Profit Rises by Double-Figures for Fifth Consecutive Quarter

S&P 500 (NYSE:SPY) component Oracle Corporation (NASDAQ:ORCL) reported net income above Wall Street’s expectations for the first quarter. Oracle Corp. develops, manufactures, markets, distributes and services software designed to help its customers manage and grow their businesses.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

Oracle Earnings Cheat Sheet for the First Quarter

Results: Net income for the application software company rose to $1.84 billion (36 cents per share) vs. $1.35 billion (27 cents per share) in the same quarter a year earlier. This marks a rise of 36.1% from the year earlier quarter.

Revenue: Rose 11.6% to $8.37 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: ORCL reported adjusted net income of 48 cents per share. By that measure, the company beat the mean estimate of 44 cents per share. Analysts were expecting revenue of $8.36 billion.

Quoting Management: “New software license sales grew 17%,” said Oracle President and CFO, Safra Catz. “This strong organic growth coupled with disciplined business management enabled yet another increase in our operating margin in Q1. Operating cash flow increased this quarter to $5.4 billion, up $1.6 billion from $3.8 billion in Q1 of last year.” “Our high-end server business — Exadata, Exalogic, and SPARC M-Series — delivered solid double digit revenue growth in Q1,” said Oracle President, Mark Hurd.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 31.4%, with the biggest boost coming in the first quarter of the last fiscal year when revenue rose 48.4% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the fourth quarter of the last fiscal year, net income rose 35.8% and in the third quarter of the last fiscal year, the figure rose 78%.

The company has now topped analyst estimates for the last four quarters. It beat the mark by 4 cents in the fourth quarter of the last fiscal year, by 4 cents in the third quarter of the last fiscal year, and by 5 cents in the second quarter of the last fiscal year.

Competitors to Watch: Intl. Business Machines Corp. (NYSE:IBM), Hewlett-Packard Company (NYSE:HPQ), Microsoft Corporation (NASDAQ:MSFT), SAP AG (NYSE:SAP), Intel Corporation (NASDAQ:INTC), Apple Inc. (NASDAQ:AAPL), Red Hat, Inc. (NYSE:RHT), EMC Corporation (NYSE:EMC), CA, Inc. (NASDAQ:CA), and Adobe Systems Incorporated (NASDAQ:ADBE).

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

(Source: Xignite Financials)