Technology

Oracle Corp. (NYSE:ORCL) Q3 Total Revenue $12.4 billion, up 18% year-over-year

March 9, 2023 — Oracle Corporation (NYSE: ORCL) today announced fiscal 2023 Q3 results. Adjusted per-share earnings totaled $1.22 during the three months ended Feb. 28, the Capital IQ consensus of $1.20. Revenue advanced 18% to $12.40 billion, but trailed the Street’s $12.42 billion view.  Fiscal 2023 Third Quarter Financial Results Q3 Total Revenue $12.4 billion, up 18% in USD, GAAP Earnings per Share $0.68, Non-GAAP Earnings per Share $1.22, Cloud Revenue (IaaS plus SaaS) $4.1 billion, up 45% in USD, Cloud Infrastructure (IaaS) Revenue $1.2 billion, up 55% in USD, Cloud Application (SaaS) Revenue $2.9 billion, up 42% in USD, Fusion Cloud ERP (SaaS) Revenue $0.7 billion, up 25% in USD, NetSuite Cloud ERP (SaaS) Revenue $0.7 billion, up 23% in USD, Oracle Board of Directors declared a quarterly cash dividend of $0.40 per share, up 25% from $0.32。 Oracle’s cloud businesses now exceed $16 billion in annualized revenue.

Oracle Corp. (NYSE:ORCL) Q3 Total Revenue $12.4 billion, up 18% year-over-year Read Post »

JPMorgan raised CrowdStrike (NASDAQ:CRWD) price target to $155 from $137

JPMorgan Chase at Crowdstrike (NASDAQ:CRWD) raised its price target to $155 from $137 and maintained its “overweight” rating on the stock after its fiscal fourth-quarter results. The analyst told investors in a research note that the company’s execution has improved compared to the previous quarter, and the business level has “recovered rapidly” from the previous quarter. The company said the results reflect strong demand for its AI-driven platform as Crowdstrike continues to consolidate its market share. The company continues to see Crowdstrike as one of the best candidates to consolidate market share and is encouraged by its ability to continue to improve in a challenging macro environment.

JPMorgan raised CrowdStrike (NASDAQ:CRWD) price target to $155 from $137 Read Post »

CrowdStrike(NASDAQ:CRWD) Q4 2023 revenue of $637.4 million,up 48% year-over-year

March 7, 2023 — CrowdStrike Holdings, Inc. (Nasdaq: CRWD), a global cybersecurity leader that provides cloud-delivered protection of endpoints, cloud workloads, identity and data, today announced financial results for the fourth quarter and fiscal year 2023, ended January 31, 2023. CrowdStrike(NASDAQ:CRWD) reported fiscal Q4 non-GAAP earnings of $0.47 per diluted share,  Analysts polled by Capital IQ estimated $0.43. Revenue for the quarter ended Jan. 31 was $637.4 million,  Analysts surveyed by Capital IQ forecast $626.8 million. The cloud-based security company said it projects fiscal Q1 non-GAAP EPS of $0.50 to $0.51 on revenue of $674.9 million to $678.2 million. Analysts polled by Capital IQ are looking for $0.43 and $666.3 million, respectively. The company also said it projects fiscal 2024 non-GAAP EPS between $2.21 and $2.39 and revenue between $2.96 billion and $3.01 billion. Analysts surveyed by Capital IQ are expecting $2.02 and $2.97 billion. Fourth Quarter Fiscal 2023 Financial Revenue: Total

CrowdStrike(NASDAQ:CRWD) Q4 2023 revenue of $637.4 million,up 48% year-over-year Read Post »

Wedbush raised Apple’s (NASDAQ:AAPL) price target to $190 from $180

Wedbush analyst Dan Ives raised Apple’s (NASDAQ:AAPL) price target to $190 from $180 and maintained its outperform rating. Ives said demand in China rebounded significantly after a weak December. Looking ahead, he is confident of strong demand, saying that “the fact that iPhone suppliers in Asia have not yet made significant production cuts is a good sign that the demand curve for Apple’s flagship iPhone 14 Pro in March/June is stable.” He estimates that about 25 percent of existing iPhone users haven’t upgraded their phones for four years or more; As people upgrade their phones to newer models, Apple’s market share will continue to increase.

Wedbush raised Apple’s (NASDAQ:AAPL) price target to $190 from $180 Read Post »

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