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Oracle CFO Optimistic on Operating Margins

Oracle CFO Optimistic on Operating Margins

The chief financial officer of database software company Oracle said recently that the company could post its "highest operating margins" in its history this year, according to the San Francisco Business Times.

 

The chief financial officer of database software company Oracle said recently that the company could post its "highest operating margins" in its history this year, according to the San Francisco Business Times.

CFO Safra Catz made the comments when the company recently reported a third-quarter profit of $2.5 billion, representing an 18 percent increase from the previous year. She added that the company is hoping to reach its highest operating level through an emphasis on integrated hardware and software systems, according to the news source.

During the quarter that ended February 29, Oracle reported earnings of $2.5 billion on sales of $9 billion, representing a 28 percent profit margin. That compares favorably to one year earlier, when the company's profit margin was 24 percent, the Business Times reported.

Reuters reports analysts raised their price targets on Oracle's stock following its financial report.

"On the heels of the disappointing prior quarter, these results should draw a sigh of relief with investors, as the topic over the last 90 days has been whether the November quarter was the start of something bad brewing or was a small hiccup," brokerage FBR Capital Markets said in a note, according to the news source.

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