Oracle ( ORCL - Free Report ) also reported fiscal Q2 numbers this afternoon, beating its earnings consensus by 6 cents to $1.06 per share on revenues of $9.80 billion, a smidge above our $9.79 billion estimate. Non-GAAP operating margins rose 5% to 47% in the quarter, but no guidance was provided in the earnings release. Oracle has not missed on earnings since we changed how we dealt with stock-based compensation, in calendar Q2 of 2017. Oracle trades at a discount to more high-profile software vendors, but still dropped 1% on the report.