Oracle Corporation (NASDAQ:ORCL) reported Q4 non-GAAP EPS of $0.75 today, beating the consensus estimate for $0.71 per share. Revenues for the quarter grew 13% year-over-year to $10.78 billion, just ahead of the consensus estimate for $10.75 billion.

Oracle President and CFO, Safra Catz said, "In Q4, we achieved a 19% new software license growth rate with almost no help from acquisitions. This strong organic growth combined with continuously improving operational efficiencies enabled us to deliver a 48% operating margin in the quarter. As our results reflect, we clearly exceeded even our own high expectations for Sun's business."

Oracle has a potential upside of 15.9% based on a current price of $32.46 and an average consensus analyst price target of $37.61.