Earnings Roundup: ORCL, ACN, TIBX, AVAV
Thursday, June 24, 2021 7:44 PM

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Oracle Corp. (NASDAQ: ORCL) Thursday said that its fiscal fourth-quarter rose 25 from a year ago, helped by stronger sales of database and other business software and acquisition of Sun Microsystems. Net income increased to $2.4 billion or 46 cents a share, from $1.9 billion or 38 cents a share in the year-earlier quarter. Adjusted earnings totaled 60 cents a share in the latest quarter. Revenue surged 39% to $9.5 billion. Analysts, on average, expected the company to report earnings of 54 cents per share on revenue of $9.50 billion.

"We executed better than expected on both the top and bottom line for the quarter," said Oracle CFO, Jeff Epstein. "This strong performance plus disciplined business management led to a non-GAAP operating margin of 46% in Q4, fully including the $1.2 billion of Sun systems hardware that we sold in the quarter."

Oracle shares rallied 4.10% to $23.13 in extended trading.

Accenture Plc (NYSE: ACN) reported Thursday that its fiscal third quarter net income climbed 10.50% to $490.60 million, or 73 cents per share, from $443.97 million, or 68 cents per share, in the comparable quarter last year. Revenues rose 7.9% to $5.98 billion from $5.54 billion in the year earlier quarter. Analysts, on average, expected the company to report earnings of 69 cents per share on revenue of $5.48 billion. Gross margin for the third quarter was 34.7 percent, compared with 32.5 percent for the third quarter last year. Looking ahead, the company said it expects to report fourth quarter net revenue in the range of $5.15 billion to $5.35 billion, assuming a foreign-exchange impact of negative 5%. Analysts' currently expect revenue of $5.48 billion for the quarter. For full year 2010, the company now expects earnings in the lower half of its previously guided range of $2.61 to $2.69 per share. The consensus estimate is for EPS of earnings of $2.63 per share for the year. Accenture continues to expect net revenue growth for the full fiscal year to be at the low end of its previously guided range of negative 3 percent to positive 1 percent in local currency.

William D. Green, Accenture's chairman & CEO, said, "We are delighted with our revenue growth, our momentum and our results in the third quarter, with growth led by strong performances from our Products and Financial Services operating groups. The disciplined management of our business also enabled us to grow operating margin and EPS and continue generating significant free cash flow. While recovery in the economic environment remains uneven, we continue to see increasing demand for our services, demonstrated by bookings of more than $6.4 billion in the quarter. We're particularly pleased that year-to-date bookings in Financial Services are at a record level. We are also starting to see the positive impact of our growth strategy, with solid performance in our core business and momentum in many new business areas as well as new markets. As always, we remain focused on delivering increasing value to our clients and our shareholders."

Accenture shares rose 3.89% to $39.01 in after-hours trading.

TIBCO Software, Inc. (NASDAQ: TIBX) said late Thursday that its second-quarter net income rose to $12.8 million, or 8 cents a share, from $10.1 million, or 6 cents a share, in the year-ago quarter. Adjusted earnings totaled 15 cents a share in the latest quarter. Revenue grew to $173.3 million from $142.7 million. Analysts, on average, expected the company to report earnings of 13 cents per share on revenue of $161.35 million.

"Our business continued its strong momentum in Q2, delivering accelerated growth in license revenue, total revenue, and operating profits," said Vivek Ranadive, TIBCO's chairman and chief executive officer. "Our core SOA business grew 34% over last year, our BPM business delivered a major new product release, and our Business Optimization technologies continue to drive deals for us. Customers from all industries are embracing our event-driven and in-memory products to help achieve their Two-Second Advantage(TM), and we have the products, solutions and expertise to help them get there."

AeroVironment, Inc. (NASDAQ: AVAV) reported Thursday that its fourth-quarter net income jumped to $15.6 million, or 71 cents per share, from $5.8 million, or 27 cents per share, in the same period last year. Revenue surged to $99.4 million from $76.0 million.  Analysts, on average, expect the company to report earnings of 59 cents per share on revenue of $95.92 million. For fiscal year 2011, the Company expects to achieve revenue growth of 10% to 15% over fiscal year 2010, with an operating income margin between 12% and 14%.

"In the fourth quarter we produced record revenue and profitability while transitioning to full rate production of digital small unmanned aircraft systems. This strong performance enabled us to achieve our revised revenue guidance for fiscal 2010 and exceed our revised operating income guidance," said Tim Conver, AV chairman and chief executive officer. "During the year we made great progress on development programs such as Global Observer, Switchblade and EV Solutions. As a result, we see fiscal 2011 as a year of transition that will lay the foundation for significant long-term growth."

Disclosure: Author doesn’t own any of the stocks discussed here.

 

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