ORCL - comes in very strong for this Q

Bottom Line – the May Q was very strong; the Aug outlook was a smidgen under the St. tone on the call remains pretty consistent (says they acknowledge the macro risks, but their own outlook remains fine b/c of co-specific share gains, execution, etc). stock trading dwn ~3% after hrs on the guidance.

EPS came in .47 vs. St .44 = better than expected
Licenses came in +27% vs St up ~18-19% = better
Total revs came in +24% vs. St +16.6% = better
Total revs came in $7.281B vs. St $6.86B = better
Tech licenses came in +16% vs. St mid-teens growth = about inline
Apps came in +33% vs. St up low-20%s = better
From the conf call –

• They sound pretty bullish on SaaS unit; says this turned a profit for the first time during FQ4.
• Says they are aware of the macro environment, but they are confident in their own ability to grow earnings
• BEAS contribution sig. exceeded forecasts for the Q - they remain upbeat on this deal and says integration going very well
• For Aug, Sees licenses +10-20% Y/Y (St mid/high teens), total revs +18-20% (St high teens/low 20%s), EPS .26-.27 (St .27). They assume $50-60MM in BEAS licenses
• "We have a major database innovation that we will announce in September of this year. It's going to be a very big -- an important announcement for us and we're -- so we're not standing still in database"
• Says pipeline remains positive; indicators of pipeline growth remain positive
• Says so far in FQ1 things tracking well; they didn't close everything in FQ4, so some left to do in Aug period; says NA tracking well.