Oracle Corporation(NASDAQ:ORCL), which previous week declared it would purchaseDataRaker, is slated to announce its second-quarter fiscal 2013 earnings Tuesday, December 18, after the markets close. Investors will be expecting the firm, with its push into cloud computing, to recover after previous quarter’s revenue drop ended a string of gains.
Analysts on average forecast that Oracle will announce revenue for the quarter that increasedalmost 2.5% year-over-year to $9.03 billion.
Per-share earnings are likely to come at $0.61, which would be higher from $0.54 a share in the similar quarter of previous year. That consensus earnings forecast has stayed unchanged in the previous 60 days. Oracle has missed earnings anticipations in just one of the previous eight quarters; first-quarter EPS were in proportion to the analysts’ average estimate.[article_detail_ad_1]
Oracle manufactures, markets, hosts and supports database and middleware software, applications software and hardware systems. It is the third-biggest software maker by sales, nextto Microsoft Corporation(NASDAQ:MSFT) and International Business Machines Corp.(NYSE:IBM), and it has a market capitalization closeto $154 billion. The firm is headquartered in Redwood City, California, and Larry Ellison has been the chief executive since it was instituted in 1977.
Rivals comprise IBM, Microsoft and SAP AG (ADR)(NYSE:SAP). All three are slated to share quarterly results in January. Analysts estimated IBM will reportsolid EPS development but a drop in sales, Microsoft will say EPS dropped while revenues increased, and SAP will announce double-digit percentage expansion in both earnings and sales.
During the quarter that closed in November, Oracle madestrategies for the future of Java, disclosed its increased Oracle Cloud services portfolio, purchased social talent sourcing firmSelectMinds and project portfolio management firmInstantis, and released the Oracle CloudWorld event series.