Oracle

Oracle announces generative artificial-intelligence features for its flagship database software, which allows businesses to search their private data as if they’re conversing with a chatbot. Oracle also expanded the reach of its databases on Microsoft’s Azure cloud last week, letting Microsoft customers use its databases without leaving the Azure platform. The moves are aimed at boosting its sales pitch for its cloud-computing platform, which it has positioned as cheaper and easy to use with rival cloud services.

A TikTok divestiture would be roughly neutral for Oracle (ORCL), while a ban would be a six-to-nine month growth headwind for Oracle Cloud Infrastructure beginning as early as the February 2025 quarter, UBS said in a note Monday. In a divestiture, the buyer of Tik Tok’s operations would probably continue the current OCI contract until the termination date, the analysts said. But in ban or shut-down scenario, Oracle would lose what is likely its largest OCI customer, UBS said, adding that this could be mitigated by a repurposing of the unused capacity, UBS said. The recent decline in Oracle’s stock suggests the market has already adjusted the price to reflect the uncertainties related to TikTok, according to the note. The bulk of TikTok’s cloud usage peaked in 2022 and it has not been a significant driver of recent revenue growth for Oracle Cloud Infrastructure, the firm added. UBS reiterated its

Oracle’s (ORCL) execution on medium-term guidance likely will set up the company to be a good earnings per share and cash generation growth compounder, Oppenheimer said in an emailed note to clients Thursday. The company’s fiscal year 2026 financial targets include accelerating revenue growth and operating margins returning to best-in-class among enterprise software companies at 45%, according to the note. Oppenheimer sees Oracle “as a long-term beneficiary of the software industry secular trends,” which include digital transformation, generative AI and other developments, “driving revenue growth and operating leverage.” Oppenheimer initiated its coverage on Oracle at perform rating.

Oracle’s (ORCL) cloud growth metrics for fiscal Q3 are “solid,” with Oracle Cloud Infrastructure growing 49% in constant currency, BofA Securities said in a note Tuesday. BofA said the growth “stands out” to it, slowing down “slightly” from 50% in the previous quarter “on sustained demand and execution.” “It is encouraging that strength is coming from newer solutions such as OracleDB on Azure and the high performance Alloy offering,” the firm said. “This bodes well for future growth.” For fiscal Q4, the firm said that Oracle’s cloud growth outlook of 22% to 24% is “solid” even though it’s below the 24% to 25% expected by analysts. BofA maintained its neutral rating on Oracle stock and lifted the price objective to $144 from $122. Oracle shares jumped nearly 11% in recent trading.

Oracle (ORCL.US) growth in remaining performance obligations, or RPO, in its fiscal third quarter was “impressive,” though investors will likely be focused on the durability of that growth, Morgan Stanley said Tuesday. The software maker’s total RPO surged 29% to an all-time high of more than $80 billion in the quarter, driven by “large new cloud infrastructure contracts,” Chief Executive Safra Catz said late Monday. Adjusted earnings rose to $1.41 a share in the three months ended Feb. 29 from $1.22 a year earlier, higher than the Capital IQ-polled consensus of $1.38. Revenue grew 7% to $13.28 billion, but missed Wall Street’s $13.29 billion view. The third-quarter RPO represented a $15 billion sequential gain following a $500 million growth in the prior quarter, Morgan Stanley said in a note. “While undoubtedly an impressive RPO result for the quarter, the key question for investors likely turns to the durability of that

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We increase our 12-month target to $142 from $130, on a higher revised P/E of 21x our CY 25 EPS estimate of $6.75, above historical but below peers. We raise our FY 24 (May) EPS to $5.59 from $5.54 and keep FY 25 at $6.29. ORCL posts Feb-Q EPS of $1.41 vs. $1.22, beating the $1.38 consensus. Sales rose 7%, near expectations, led by 12% growth from cloud services and license support (75% of sales), which more than offset legacy declines. We positively view stabilization in cloud services growth (+25%) after recent deceleration, with Infrastructure-as-a-Service (IaaS) rising 49% and cloud applications (SaaS) up 14%. Despite ORCL’s leveraged financial position (net debt of $78B) and need to boost capex ($10B seen in FY 25 from $7.5B projected in

Citigroup analyst Tyler Radke maintains Oracle (NYSE:ORCL) with a Neutral and raises the price target from $111 to $120.

Oracle Announces Fiscal 2024 Third Quarter Financial Results PR Newswire AUSTIN, Texas, March 11, 2024 — Q3 GAAP Earnings per Share $0.85, Non-GAAP Earnings per Share up 16% to $1.41 — Q3 Total Revenue $13.3 billion, up 7% in both USD and constant currency — Q3 Total Remaining Performance Obligations up 29% to $80 billion — Q3 Cloud Revenue (IaaS plus SaaS) $5.1 billion, up 25% in USD, up 24% in constant currency — Q3 Cloud Infrastructure (IaaS) Revenue $1.8 billion, up 49% in both USD and constant currency — Q3 Cloud Application (SaaS) Revenue $3.3 billion, up 14% in both USD and constant currency — Q3 Fusion Cloud ERP (SaaS) Revenue $0.8 billion, up 18% in both USD and constant currency — Q3 NetSuite Cloud ERP (SaaS) Revenue $0.8 billion, up 21% in USD, up 20% in constant currency AUSTIN, Texas, March 11, 2024 /PRNewswire/ — Oracle Corporation (NYSE:

Oracle Q3 Cloud Revenue Up 25%, Cloud Infrastructure Revenue Up 49%, Cloud Application Revenue Up 14%。

Oracle Corp (NYSE:ORCL) reported fiscal third-quarter financial results after the market close on Monday. Here’s a look at the key metrics from the quarter. What Happened: Oracle’s third-quarter revenue increased 7% year-over-year to $13.3 billion, which missed the consensus estimate of $13.306 billion, according to Benzinga Pro. The company reported quarterly earnings of $1.41 per share, which beat average estimates of $1.38 per share. Total remaining performance obligations were up 29%. Total cloud revenues were up 25%, cloud infrastructure revenues were up 49%, cloud application revenues were up 14%, Fusion cloud revenue was up 18% and NetSuite Cloud ERP revenues were up 20% in the quarter. “We expect to continue receiving large contracts reserving cloud infrastructure capacity because the demand for our Gen2 AI infrastructure substantially exceeds supply—despite the fact we are opening new and expanding existing cloud datacenters very, very rapidly,” said Safra Catz, CEO of Oracle. “We expect that 43% of

Oracle (ORCL) reported fiscal Q3 non-GAAP earnings late Monday of $1.41 per diluted share, up from $1.22 a year earlier. Analysts polled by Capital IQ expected $1.38. Revenue for the quarter ended Feb. 29 was $13.28 billion, up from $12.40 billion a year earlier. Analysts surveyed by Capital IQ expected $13.29 billion. The company kept the quarterly dividend at $0.40 per share, payable April 24 to shareholders of record on April 10. The company’s shares were rising past 6% in recent after-hours activity.

Oracle Said Total Revenues, Including Cerner, Are Expected To Grow From 4% To 6% Total Revenue Excluding Cerner Are Expected To Grow 6% To 8% Total Revenue -Conf Call。