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    Oracle Earnings Solid but Hardware Sales Slip

    By
    Chris Preimesberger
    -
    June 23, 2011
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      When all the numbers were tallied, Oracle turned in a record-breaking fourth quarter and fiscal year financial report June 23.
      However, a second consecutive quarter of weak data center hardware sales caused its stock to slip more than 6 percent in after-hours trading.
      Two hours after the markets closed, Oracle was selling at about $31 per share, down about $1.25 (4 percent).
      Investors can’t argue with the bottom-line results, however. The full-service IT hardware and software maker brought in total quarterly revenue of $10.8 billion, an increase of 12 percent on the same period last year, and a tad above analysts’ projections of $10.75 billion.
      For the fiscal year, Oracle brought in revenue of $35.9 billion, a jump of 33 percent from the previous year and a notch over Wall Street’s estimate of $35.77 billion. The company earned $2.22 per share, an increase of 33 percent on the prior year — exceeding consensus forecasts of $2.18.
      The enterprise database maker earned 75 cents a share, up from 60 cents in Q4 2010. Analysts surveyed by Thomson Reuters were expecting earnings of 71 cents per share.

      Chris Preimesberger
      https://www.eweek.com/author/cpreimesberger/
      Chris J. Preimesberger is Editor Emeritus of eWEEK. In his 16 years and more than 5,000 articles at eWEEK, he distinguished himself in reporting and analysis of the business use of new-gen IT in a variety of sectors, including cloud computing, data center systems, storage, edge systems, security and others. In February 2017 and September 2018, Chris was named among the 250 most influential business journalists in the world (https://richtopia.com/inspirational-people/top-250-business-journalists/) by Richtopia, a UK research firm that used analytics to compile the ranking. He has won several national and regional awards for his work, including a 2011 Folio Award for a profile (https://www.eweek.com/cloud/marc-benioff-trend-seer-and-business-socialist/) of Salesforce founder/CEO Marc Benioff--the only time he has entered the competition. Previously, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. He has been a stringer for the Associated Press since 1983 and resides in Silicon Valley.

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