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

/ / Technology /

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 »

Tigress Financial raised McDonald’s (NYSE:MCD) price target to $330 from $320

/ / Consumer Discretionary / ,

Tigress Financial analyst Ivan Feinseth will raise his price target on McDonald’s (NYSE:MCD) to $330 from $320 and maintain a buy rating on the stock, which analysts see further upside given that the company’s “Accelerating the Arches” growth strategy will continue to drive further growth. Tigress said McDonald’s resilient business model will continue to drive the company “strong performance across all economic cycles,” noting that its price target plus dividend represents a potential total return of more than 25 percent at current levels.

Tigress Financial raised McDonald’s (NYSE:MCD) price target to $330 from $320 Read Post »

Intercontinental Exchange (NYSE:ICE) expects to complete acquisition of Black Knight in Q3 or Q4 2023

/ / Financials /

Intercontinental Exchange (NYSE:ICE): The Federal Trade Commission (FTC) is “unreasonable” in its attempt to block the Company’s acquisition of Black Knight, and the Company will seek judicial access to resolve the current predicament, and still expects to complete the acquisition in the third and fourth quarters of this year. March 09, 2023 – (BUSINESS WIRE) Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, announced today that it strongly disagrees with, and will vigorously oppose, the Federal Trade Commission (FTC)’s challenge to ICE’s previously announced acquisition of Black Knight, Inc. (NYSE: BKI). In many public forums, ICE has outlined its vision for a more equitable housing finance system, one which is currently fraught with inefficiencies, cybersecurity vulnerabilities, unnecessary delay, and requires robust digitization to lower costs for all participants. The deal between ICE and Black Knight, which is intended to automate, streamline, and increase transparency

Intercontinental Exchange (NYSE:ICE) expects to complete acquisition of Black Knight in Q3 or Q4 2023 Read Post »

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