Oracle Beats the Street

Oracle Tuesday came in with slightly better-than-expected results in its
second fiscal quarter ended November 30.

Revenues were up 3% to $9.1 billion, ahead of Wall Street’s consensus of
$9.03 billion. Oracle’s own guidance had estimated an increase of zero to

It cleared non-GAAP profits of 64 cents a share, up 19%, while the Street
was at 61 cents, and Oracle’s guidance was 59 cents-63 cents. On a GAAP
basis, the company earned 53 cents a share. Currency fluctuations reduced
profits by a penny a share no matter how they’re calculated.

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