Oracle Q3 Results: Oracle Delivers Solid Results
By User769227-Oracle on Mar 24, 2009
Last week Oracle delivered its Q3 results. Our third quarter was above expectations and the company declared its first-ever dividend.
In Oracle's press release we reported Oracle Reports Q3 GAAP EPS up 3% to 26 Cents.
News Facts include:
-“We are committed to delivering value to our stockholders through technology innovation, strategic acquisitions, stock repurchases, and now through a dividend,” said Safra Catz, Oracle’s President. “We generated $8.0 billion in free cash flow over the last twelve months and we are running our business at record operating margins. We have always been committed to rewarding our stockholders’ investments in Oracle and the Board has decided that it is the right time to declare a dividend for our stockholders.”
-“If you look past the effect of exchange rates, our new software license revenues for this quarter were higher than our new software license revenues for Q3 of last year,” said Oracle President Charles Phillips. “Achieving constant currency growth in new software license sales in this very challenging economy shows that we continue to beat our competitors in both technology and applications.”
-“But for the strengthening of the US dollar leading to unfavorable currency exchange rates, our non-GAAP earnings per share would have increased 29% in Q3,” said Oracle CEO, Larry Ellison. “This is a tremendous achievement in the face of the serious slowdown in the world economy.”