Shares of Oracle (ORCL) are up $1.65, or 6.1%, at $28.77 in late trading after the company this afternoon issued a surprise early report for its fiscal Q4 revenue in line with consensus but beat on the bottom line, and said its board approved a $10 billion buyback plan.
Oracle (ORCL) announces its FQ4 results three days ahead of schedule. EPS of $0.82 beat by $0.04, while revenue of $11B beat by $110M. Software license revenue rose 7% Y/Y to $4B, and high-end (i.e. "engineered") hardware sales are now on a $1B+ annual run rate. In addition, a new $10B stock buyback authorization is being announced. A CC starts at 6PM ET .ORCL +5.8% AH.
Oracle (ORCL) announces its FQ4 results three days ahead of schedule. EPS of $0.82 beat by $0.04, while revenue of $11B beat by $110M. Software license revenue rose 7% Y/Y to $4B, and high-end (i.e. "engineered") hardware sales are now on a $1B+ annual run rate. In addition, a new $10B stock buyback authorization is being announced. A CC starts at 6PM ET .ORCL +5.8% AH.
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