Oracle Corporation Comments On Q1 2013 Revenue Guidance; Issues Q1 2013 EPS Guidance In Line With Analysts' Estimates-Conference Call

Oracle Corporation announced that for the first quarter of 2013, it expects total revenue growth on a GAAP and non-GAAP basis to range from 3% to 6% in constant currency and negative 2% to positive 1% in current rates. The non-GAAP EPS is expected to be any where from $0.54 to $0.58 in constant currency or $0.51 to $0.55 at current rates. GAAP EPS is expected to be $0.40 to $0.44 in constant currency and $0.37 to $0.41 at current rates. This guidance assumes a GAAP and non-GAAP tax rate of 23.5%. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.53 for first quarter of 2013.