Oracle

Oracle Announces Fiscal 2024 Second Quarter Financial Results AUSTIN, Texas, Dec. 11, 2023 — Q2 GAAP Earnings per Share $0.89, Non-GAAP Earnings per Share $1.34 — Q2 Total Revenue $12.9 billion, up 5% in USD, up 4% in constant currency — Q2 Total Remaining Performance Obligations over $65 billion — Q2 Cloud Revenue (IaaS plus SaaS) $4.8 billion, up 25% in USD, up 24% in constant currency — Q2 Cloud Infrastructure (IaaS) Revenue $1.6 billion, up 52% in USD, up 50% in constant currency — Q2 Cloud Application (SaaS) Revenue $3.2 billion, up 15% in USD, up 14% in constant currency — Q2 Fusion Cloud ERP (SaaS) Revenue $0.8 billion, up 21% in USD, up 19% in constant currency — Q2 NetSuite Cloud ERP (SaaS) Revenue $0.8 billion, up 21% in USD, up 20% in constant currency AUSTIN, Texas, Dec. 11, 2023 /PRNewswire/ — Oracle Corporation (NYSE: ORCL) today announced […]

Oracle (NYSE:ORCL) reported quarterly earnings of $1.34 per share which beat the analyst consensus estimate of $1.32 by 1.52 percent. This is a 10.74 percent increase over earnings of $1.21 per share from the same period last year. The company reported quarterly sales of $12.94 billion which missed the analyst consensus estimate of $13.05 billion by 0.82 percent. This is a 5.43 percent increase over sales of $12.28 billion the same period last year.

Oracle (ORCL) reported fiscal Q2 non-GAAP earnings Monday of $1.34 per diluted share, up from $1.21 a year earlier. Analysts polled by Capital IQ expected $1.33. Revenue for the quarter ended Nov. 30 was $12.94 billion, up from $12.28 billion a year earlier. Analysts surveyed by Capital IQ expected $13.05 billion. Oracle maintained a quarterly dividend of $0.40 a share, payable on Jan. 25 to shareholders as of Jan. 11.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our 12-month target at $130, on P/E of 19.8x our CY 25 EPS estimate of $6.57, above historical but below peers. We hold our FY 24 (May) EPS at $5.54 and FY 25 at $6.29. ORCL posts Nov-Q EPS of $1.34 vs. $1.21, beating the $1.33 consensus. Sales rose 5%, missing expectations, as growth from cloud services and license support (+12% a slight miss; 74% of revenue) was partly offset by declines from cloud and on-premises licenses (-18%), Services (-2%), and hardware (-11%). We positively view cloud growth of 25%, with infrastructure (IaaS) +52% and SaaS +15%. We believe OCI (Oracle Cloud Infrastructure) is poised to see demand surge from greater GenAI adoption, with plans to build 100 additional cloud data centers (also expanding 66

Oracle reaffirms its forecast of $65 billion in revenue by FY 2026 Projected 8% revenue growth for fiscal 2024 excluding Cerner, or 7% including Cerner Non-GAAP operating margin for FY 2024 expected to reach 43% Oracle CEO sees stock selloff as an opportunity to repurchase shares Demand for capacity in the company’s cloud computing business remains strong Oracle has multiple billion-dollar customers and offers AI training at lower prices than competitors There is a shortage of GPU chips for Oracle’s cloud computing expansion

Oracle (NYSE:ORCL) reported fiscal Q1 non-GAAP earnings  of $1.19 per diluted share, up from $1.03 a year earlier. Analysts polled by Capital IQ expected $1.15. Revenue for the quarter ended Aug. 31 was $12.45 billion, up from $11.45 billion a year earlier. Analysts surveyed by Capital IQ expected $12.47 billion. The company retained its quarterly dividend at $0.40 per share, payable Oct. 12 to shareholders of record on Oct. 26.