Oracle

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 21.7x our CY 24 EPS estimate of $5.99, above historical but below peers. We hold our FY 24 (Mar.) EPS at $5.54 and adjust FY 25 to $6.29 from $6.56. ORCL posts Aug-Q EPS of $1.19 vs. $1.03, beating the $1.15 consensus. Sales rose 9%, near expectations, as cloud services and license support growth (+13%) more than offset declines in cloud/on-premise licensing (-10%) and hardware (-6%). We are encouraged by cloud services contribution, up 30% and now 37% of revenue, as we see significant scale potential from generative AI (over $4B of signed contract for AI training capacity; doubling in 3 months). Cloud infrastructure grew 66% while cloud application (SaaS) rose 17%, with NetSuite and Fusion bright […]

Oracle (NYSE:ORCL): Raised quarterly cash dividend by 25% to $0.4 per share.

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.