ORCL Search Earning

Oracle Corporation

ORCL

Oracle Corp. increased 11.5% to $127.26 after the database and cloud computing company reported better-than-expected quarterly earnings.

Revenue in the fiscal third quarter ending on February increased 7% to $13.3 billion from $12.4 billion, net income advanced 27% to $2.4 billion from $1.8 billion, and diluted earnings per share rose to 85 cents from 68 cents a year ago.

Cloud revenue increased 25% to $5.1 billion and cloud infrastructure surged 49% to $1.8 billion, respectively.

"Large new cloud infrastructure contracts signed in Q3 drove Oracle's total Remaining Performance Obligations up 29% to over $80 billion—an all-time record," said Oracle CEO, Safra Catz.

The company also signaled strong demand for its cloud computing products and indicated sustained revenue growth at least for the remainder of 2024.

"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.

We expect that 43% of our current $80 billion of Remaining Performance Obligations will be recognized as revenue over the next four quarters, added Catz.

The company also indicated that its Gen2 Cloud Infrastructure business "will remain in a hypergrowth phase for the foreseeable future" after surging 53% in the fiscal third quarter.
Mar 12, 2024

Oracle Corp dropped 9.2% to $126.71 after the database company reported weaker-than-expected revenue in the fiscal first quarter.

Revenue in the quarter was $12.45 billion and adjusted earnings per share was $1.19, both fell short of some analysts' expectations.

The company also guided lighter-than-expected revenue growth in the fiscal second quarter between 5% and 7% and adjusted earnings per share between $1.30 and $1.34.

Cloud services and license support segment revenue increased 13% from a year ago to $9.55 billion but the cloud license and on-premises license segment revenue decreased 10% to $809 million.

Hardware revenue fell 6% to $714 million.
Sep 12, 2023

Year	Aug	Nov	Feb	May	Annual

2023	0.68	1.20	0.86	0.89	-
2022	0.84	1.17	0.56	0.63	3.07
2021	1.68	1.35	0.86	-0.46	2.41
2020	0.79	0.97	0.72	0.8	4.55
2019	0.76	1.03	0.63	0.69	3.08
2018	-0.98	0.86	0.57	0.61	2.97
2017	0.63	0.82	0.55	0.62	2.62
2016	0.59	-	0.49	0.55	1.63
2015	0.65	0.74	0.49	0.59	2.47
2014	0.48	0.56	0.56	0.79	2.38
2013	0.47	0.56	0.52	0.80	2.26
2012	0.41	0.53	0.49	0.68	1.96
2011	0.36	0.43	0.41	0.62	1.67
2010	0.27	0.37	0.23	0.47	1.21
2009	0.22	0.29	0.26	0.37	1.09
2008	0.21	0.25	0.26	0.39	1.06
2007	0.16	0.25	0.20	0.30	0.81
2006	0.13	0.18	0.14	0.25	0.64
2005	0.10	0.15	0.10	0.19	0.55