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How Good Are Oracle's Quarter Results Really? Oracle’s Shares Are Attractive



June 27, 2011 – Comments (0) | RELATED TICKERS: ORCL

Shares of the software giant Oracle suffered under losses after the publication of the quarterly results.

The stock of the American software and hardware company Oracle had to accept losses within the recent weeks and on Thursday, the day of the publication of the quarterly report. These losses are, however, at high levels and not tragic.

After all, the company beats analysts' expectations in the fourth quarter of its fiscal year thanks to a strong services and software business. In its outlook for the first quarter of fiscal year 2011/12, the company disappointed the high expectations of the market. The stock lost in after-hours trading 4.4 percent and closed at USD 31.14 on Friday.

Focus on profitable parts of the hardware business...

In the current first quarter of this fiscal year, Oracle expects to end of August licensing revenues to increase... 

(Read more...)

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