$ORCL Reasonable Results. Trading Levels.

"Oracle brought in total revenue of $10.8 billion, a hike of 12% on the same period last year, and a shade above analysts' estimates of $10.75 billion.
Excluding items, the database giant earned 75 cents a share, up from 60 cents a share in the prior year's quarter. Analysts surveyed by Thomson Reuters were looking for earnings of 71 cents a share." 
Street.com

Very reasonable results IMO. 13 p/e on forward 1 year estimates os $2.40 gives $31.20 .