BEAT: Oracle Earnings Jump 10%, Boosts Buyback Plan By $10 Billion, Shares Surge

Larry Ellison

Photo: Twitter

Oracle just reported that its Q4 adjusted earnings jumped 10 per cent year-over-year to 82 cents per share.This is well ahead of the 78 cents per share that analysts were looking for.

The stock is up 6 per cent in the after-hours trading session.

“Our record-breaking fourth quarter featured several all-time highs for Oracle: new software licence sales of $4 billion, total software revenue of $8 billion, total revenue of $11 billion, and EPS of 82 cents,” said President and CFO Safra Catz. “For the fiscal year, we also set all-time highs for operating margins of 46%, and operating cash flow of $13.7 billion.”

Management also announced it would expand its share repurchase program by $10 billion.

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