Oracle set to please shareholders
Posted on 19 March 2009
Oracle Corporation has just positive results for Q3-09. So positive in fact, that they’re throwing in a 5 cent dividend for shareholders.
Oracle also announced today that its Board of Directors intends to pay a quarterly cash dividend of $0.05 per share, or $0.20 per share annually, on its common stock.
This is the first quarterly dividend Oracle has ever paid, and the first dividend of any kind for a long, long time. In the current economy, this will certainly be good news for their shareholders.
The good news still didn’t stop CEO Larry Ellison from pointing out that they could have done much better if they didn’t have to report their global income in US dollars, but that seems to be all the rage these days…
“But for the strengthening of the US dollar leading to unfavorable currency exchange rates, our non-GAAP earnings per share would have increased 29% in Q3,” said Oracle CEO, Larry Ellison. “This is a tremendous achievement in the face of the serious slowdown in the world economy.”
I don’t think the shareholders will worry too much…
Comments
Leave a Reply