Oracle Q2 Earnings And Revenues Surpass Estimates

Over the past 12 months, the company has repurchased 338 million shares worth $18.2 billion. Over the last 10 years, Oracle has reduced the shares outstanding by nearly 42%.

On Dec 10, 2020, the company declared a quarterly dividend of 24 cents per share, payable on Jan 7, 2021, to shareholders as on Jan 21, 2021.

Q3 Guidance

For third-quarter fiscal 2021, Oracle anticipates total revenue growth rate on a year-over-year basis in the range of 2-4% at USD and 1-3% at cc. The Zacks Consensus Estimate for revenues is pegged at 9.94 billion, indicating improvement of 1.5% on a year-over-year basis.

Oracle expects non-GAAP earnings per share between $1.09 and $1.30 at USD, and $1.06 and $1.10 at cc. The Zacks Consensus Estimate for the same is pegged at $1.04 per share.

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