Oracle Raises Dividend

Oracle (ORCL) just raised its dividend by 25%. The quarterly payout will rise from 12 to 15 cents per share. The company earned 68 cents per share last quarter.

Net income fell 2.7% from a year earlier to $2.5 billion, or 56 cents a share, from $2.57 billion, also 56 cents a share, a year earlier. Per-share earnings remained flat because Oracle’s share count declined, following the company’s stock buybacks.

Excluding stock compensation and other items, Oracle said it would have earned 68 cents a share, in line with the average of analyst estimates compiled by Thomson Reuters.

Oracle’s quarterly financials are a window into the transition it and most of its business-technology peers are making from selling high-price traditional software installed on computers to software delivered over the Web, often sold to a broader base of customers.

Oracle has warned the transition will be bumpy, which was reflected in the latest results. Sales of new software licenses, which are closely tracked by Wall Street, fell 6.9% from a year ago.

Posted by on March 17th, 2015 at 5:58 pm


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