ORCL

Dividend Increases for the Week Included Realty Income and US Bancorp; Dividend Cuts Included a Number of Mortgage REITs

by

Below we provide a list of firms that increased or decreased their dividends for the week ending June 21. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports, please click here. Dividend Increases for the Week Ending June 21 CVB Financial (CVBF): now $0.10 per share quarterly dividend, was $0.085. Darden Restaurants (DRI): now $0.55 per share quarterly dividend, was $0.50. Fifth Third Bancorp (FITB): now $0.12 per share quarterly dividend, was $0.11. First Internet Bancorp (INBK): now $0.06 per share, was $0.04 (post-split). Host Hotels & Resorts (HST): now $0.11 per share quarterly dividend, was $0.10. John Wiley & Sons (JW.A): now $0.25 per share quarterly dividend, was … Read more

Oracle Posts a Weak Quarter to End Its Fiscal Year

by

Enterprise hardware and software maker Oracle (click ticker for report: ) ended its fourth quarter with the same lackluster revenue and earnings growth that it posted in the previous quarter. Revenue was flat year-over-year at $11 billion, falling short of consensus estimates. Earnings also fell short of consensus expectations, but grew 5% year-over-year to $0.87 per share on a non-GAAP basis. Earnings per share were helped by management repurchasing $2.8 billion worth of shares during the fourth quarter. Even though top- and bottom-line numbers were weak, Oracle remains a cash machine, generating $13.6 billion in free cash flow for fiscal year 2013—this is 36.6% of annual revenue of $37.2 billion! Yet again, the issue with Oracle remains its hardware and … Read more

Oracle’s Third Quarter Wasn’t That Bad

by

Enterprise software giant Oracle (click ticker for report: ) announced results for the third quarter of its 2013 fiscal year. Revenue fell 1% year-over-year to $9 billion, falling short of consensus estimates. Earnings per share rose 5% year-over-year to $0.65, just a penny shy of consensus expectations. Given the amount of noise in sales and earnings per share, our favorite metric to evaluate is free cash flow, which remained fantastic at $9.2 billion year-to-date. Oracle’s cash balance now sits at $34.2 billion, giving the company tremendous flexibility to make acquisitions or return cash shareholders. The firm’s non-GAAP operating margin totaled 47%, an increase of 17 basis points compared to the same period a year ago. On the segment side, Oracle … Read more

Oracle’s Second Quarter Is a Bright Spot in Tech

by

Enterprise technology giant Oracle (click ticker for report: ) reported solid fiscal year 2013 second-quarter results Tuesday afternoon. Revenue jumped 3% year-over-year to $9.1 billion, easily exceeding consensus expectations. Earnings per share, on a non-GAAP basis, jumped 18% year-over-year to $0.64 per share, also better than the consensus forecast. Not surprisingly, the increase was largely driven by a jump in new software licenses and cloud subscriptions of 17%, to $2.4 billion, as the company continues to win new enterprise contracts. President and former HP (click ticker for report: ) CEO Mark Hurd cited share gains versus SAP (click ticker for report: ) in Europe as a strong growth driver, acknowledging that the company only started investing in its European business … Read more

Why We Continue to Like Apple and Microsoft

by

In yet another negative blow to the PC market, Gartner reports that PC shipments fell 13.8% year-over-year during the third quarter. The big losers, yet again, were the PC giants Dell (click ticker for report: ), HP (click ticker for report: ), and Toshiba. Of course, the shocking loser was Apple (click ticker for report: ), which saw shipments fall 6% (considerably lower than the 25%+ drops of competitors), though market share increased 110 basis points to 13.6%. With the entire industry slumping, who’s to blame? Not surprisingly, we’re labeling Apple as the major disrupter in the PC market. Since the inception of the iPhone and subsequent iPad releases, computing has shifted more and more toward mobile consumption, with the … Read more