Oracle Does OK – Surprised?
If you’re one of the geniuses who advised selling Oracle shares ahead of this week’s earnings call, you might want to recheck your calculations. On your slide rule. The headline on Oracle’s statement is all you need to begin the self-recriminations: “Q4 FY19 GAAP EPS UP 36% TO $1.07 and NON-GAAP EPS UP 23% TO $1.16.” What were the naysayers thinking? More importantly, what were they thinking with? I’m not going to quote every statistic, and there were bright and not-so-bright spots, but the bottom line is there was more good than not.