Thursday, 19 September 2013

Oracle Corporation Q2 Guidance & Oracle OpenWorld Highlights

Guidance for Q2 2014

New software license and cloud subscription revenue growth is expected to range from negative four to positive six in constant currency and negative six to positive four in recorded dollars.

Hardware product revenue is expected to range from negative 9% to positive 1% in constant dollar and negative 11% to negative 1% in reported dollar. As a result total revenue growth on both GAAP and non-GAAP basis is expected to range from 1% to 4% in constant dollars and negative one to positive two in U.S. dollars. Non-GAAP EPS is expected to be somewhere between $0.65 and $0.70 on constant dollar $0.64 and $0.69 in reported dollars.

GAAP EPS is expected to be $0.51 to $0.66 in constant dollar and $0.60 to $0.55 in reported dollars. I want to remind you that last year Oracle had the benefit of $145 million acquisition related benefit for the pillar earn out. So excluding that benefit GAAP EPS last year would have been $0.61. This guidance assumes a tax rate of 23.5% and a non-GAAP tax rate of 24%. Of course it may end up being very different.

Oracle OpenWorld

Starting next week, Oracle plans to have roughly 60,000 people at the event in San Francisco from 145 countries. They expect to have 2 million attendees online. So this is going to be the biggest one yet. They’ve got a great lineup of speakers; EMC, Dell, Fujitsu, Deloitte, Intel will be there.

They’ve got customers: LinkedIn, AT&T, Facebook, Electronics Arts, Thomson Reuters, New York Stock Exchange, Tesco, and Deutsche Telekom. I could just go on. It's going to be a great set of people from the industry, as well as customers, a very large attendee base.

And Oracle will make some significant product announcements at the event as well they’ll be introducing Oracle 12c in-memory database. Oracle will be talking about it being able to deliver 100x faster application performance using their new architectural approach. Oracle will also be talking about existing Oracle apps that can now run in the Oracle Database functionality without change when using this in-memory capability.

Oracle will have some releases in cloud and will talk about some releases in HCM and talent management, and also talk about database as a service, Java as a service that will be available to their customers.

So there'll be a whole slew of product announcements there that Larry Ellison will be talking about Sunday night and will continue on through the week. So we're excited about the upcoming activities at Oracle OpenWorld.

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