8-KEarnings & ResultsOther EventsExhibits & Filings

ORACLE CORP 8-K Report, Financial Results (Dec 14, 2017)

Filed December 14, 2017For Securities:ORCLORCL-PD

Summary

Oracle Corporation (ORCL) filed an 8-K on December 14, 2017, to report its financial results for the fiscal second quarter ended November 30, 2017, as detailed in an accompanying press release (Exhibit 99.1). The filing also announced the company's capital allocation plans. Key actions include the declaration of a quarterly cash dividend and a significant authorization for an additional share repurchase program. Investors should note the dividend payment details, including the record and payable dates, which signal a direct return of capital to shareholders. Furthermore, the substantial authorization for share repurchases underscores Oracle's confidence in its stock value and its strategy to enhance shareholder returns through buybacks. These financial actions, alongside the reported quarterly results, provide important insights into Oracle's financial health and its commitment to shareholder value.

Key Highlights

  • 1Oracle announced its financial results for the fiscal second quarter ended November 30, 2017, via a press release furnished as Exhibit 99.1.
  • 2The company's Board of Directors declared a cash dividend of $0.19 per share.
  • 3The dividend is payable on January 24, 2018.
  • 4Stockholders of record as of the close of business on January 10, 2018, will receive the dividend.
  • 5Oracle's Board of Directors authorized an additional $12.0 billion for common stock repurchases.
  • 6These repurchases will occur under the company's existing share repurchase program in future quarters.

Frequently Asked Questions

This 8-K primarily serves to announce Oracle's financial results for its fiscal second quarter ended November 30, 2017, which are detailed in the press release filed as Exhibit 99.1. It also discloses capital allocation activities.

The Board of Directors declared a cash dividend of $0.19 per share of outstanding common stock. This dividend is expected to be paid on January 24, 2018.

Oracle's Board of Directors has authorized the repurchase of up to an additional $12.0 billion of its common stock. These repurchases are part of the company's ongoing share repurchase program and will be executed in future quarters.

Shareholders who are on record as holding Oracle's common stock at the close of business on January 10, 2018, will be eligible to receive the declared dividend.