Oracle Corporation Japan Reports Unaudited Non-Consolidated Earnings Results for the Six Months Ended November 30, 2016; Provides Earnings Guidance for the Year Ending May 31, 2017
December 21, 2016 at 10:00 am EST
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Oracle Corporation Japan reported unaudited non-consolidated earnings results for the six months ended November 30, 2016. For the period, the company reported revenue of ¥80,595 million against ¥77,792 million for the same period in the last year. Operating income was ¥23,902 million against ¥22,577 for the same period in the last year. Ordinary income was ¥23,840 million against ¥22,669 for the same period in the last year. Net income was ¥16,543 million or ¥129 per diluted share against ¥5,127 million or ¥118 per diluted share for the same period in the last year. Income before income taxes was ¥24,005 million against ¥22,691 million for the same period in the last year. Net cash provided by operating activities was ¥12,594 million against ¥11,606 million for the same period a year ago. Purchase of property, plant and equipment was ¥1,631 million against ¥189 million for the same period a year ago.
For the year ending May 31, 2017, the company expects revenue of 1.0% to 4.0% change from previous year and expects net income to be in the range of ¥274 to ¥284 per share and estimates effective tax rate of 31.1%.
Oracle Corp Japan is a Japan-based company mainly engaged in the sale of software, servers, storage and hardware. The Company operates in three business segments. The Cloud & License segment is engaged in the sale of database management software, middleware, application software used in corporate activities, and the provision of services for these software and hardware through the Internet, as well as the provision of software license renewal rights and technical support. The Hardware Systems segment is engaged in the sale of servers, storage, engineered systems, network equipment, as well as the provision of technical support, repair service and maintenance for hardware products. The Service segment provides consulting services, advanced customer support services and education services.
Oracle Corporation Japan Reports Unaudited Non-Consolidated Earnings Results for the Six Months Ended November 30, 2016; Provides Earnings Guidance for the Year Ending May 31, 2017