Feeds

Oracle finds an extra penny to boost 2005

Investors waffle

  • alert
  • submit to reddit

Next gen security for virtualised datacentres

Oracle today planted a bold, fiscal stake in the ground, saying 2005 earnings will likely come in one penny ahead of analyst estimates. It then went one step further, boasting that 2006 figures will crush Wall Street forecasts.

Oracle is looking to show per share growth of 24 per cent in 2005, posting earnings per share of 62 cents. Analysts had been looking for the company to report 61 cents in earnings, on average. The database maker pointed out that its PeopleSoft acquisition "is on track to contribute" to both Fiscal 2005 and Fiscal 2006. So there you have the extra penny.

Looking far into the future, Oracle expects 2006 earnings per share growth between 22 per cent and 28 per cent or 76 cents and 80 cents per share. The wise men of Wall Street put Oracle's 2006 earnings at 71 cents per share.

After a brief jump on the optimistic outlook, Oracle's shares cooled and are sitting just 1.25 per cent higher, at the time of this report, at $13.76.

Oracle is looking to benefit from serious cost-savings after it gave 5,000 workers the axe earlier this month. The vast majority of the staffers once worked at PeopleSoft. ®

Related stories

Oracle boss forecasts PeopleSoft customers' future
Lawson lures Peoplesoft punters
Oracle and the culling of the 5,000
Oracle shy about new mobile database

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.