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Wary Investors Still Aren't Sure Oracle Is Recovering

Oracle (NYSE:ORCL) stock took a hit in the early going Thursday as wary investors focused on the troubles facing the database software giant instead of its first-quarter earnings beat.

Shares of Oracle were down 3% to around 37 in the stock market today, a day after the company said that it had come in ahead of profit estimates by a penny. But Oracle said that it fell short on revenue as its efforts to break into cloud computing, while promising, weren't enough to offset declines in more established businesses.

Adjusted Q1 income for the period that ended Aug. 31 came in at 53 cents a share, a penny ahead of forecasts from analysts polled by Thomson Reuters, though it was 14.5% lower than a year earlier. Sales, at $8.45 billion, were off 1.7% from a year earlier and 0.9% below analysts' views.

Analysts who issued post-earnings research notes Thursday morning noted Oracle's positive prospects but struggled to reconcile them with current and recent...


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