We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Oracle (ORCL) Shares Surge After Earnings and Revenue Beats
Read MoreHide Full Article
Shares of Oracle Corporation (ORCL - Free Report) gained more than 8% in after-hours trading Wednesday following the release of the company’s fourth-quarter earnings report, which saw the software giant post better-than-expected results on both the top and bottom lines.
Oracle reported quarterly revenue of $10.89, handily beating our consensus estimate of $10.46 billion. Quarterly earnings were also above our expectations, with profits of 82 cents per share (excluding six cents from non-recurring items) surpassing the Zacks Consensus Estimate of 73 cents.
Software-as-a-Service cloud revenues gained 67% to $964 million, while Platform-as-a-Service cloud revenues were up 40% to $403 million.
“Our fourth quarter results were very strong as revenue growth and earnings per share both substantially exceeded the high end of guidance,” said Oracle CEO Safra Catz. “We continue to experience rapid adoption of the Oracle Cloud led by the 75% growth in our SaaS business in Q4. This cloud hyper-growth is expanding our operating margins, and we expect earnings per share growth to accelerate in fiscal 2018.”
Total revenues from cloud operations gained nearly 60% year-over-year to $1.361 billion. Oracle’s cloud segment accounted for 13% of its revenue in the quarter. Overall, revenues were up a respectable 3.3%.
Oracle did not provide guidance in its earnings release, but the company is expected to issue projections in its earnings conference call. Make sure to check back here for our full analysis once all of the details are made available!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Zacks’ Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but chosen members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting today, and for the next month, you can follow all Zacks’ private buys and sells in real time. Our experts cover all kinds of trades: value, momentum, ETFs, stocks under $10, stocks that corporate insiders are buying up, and companies that are about to report positive earnings surprises. You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks’ secret trades>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Oracle (ORCL) Shares Surge After Earnings and Revenue Beats
Shares of Oracle Corporation (ORCL - Free Report) gained more than 8% in after-hours trading Wednesday following the release of the company’s fourth-quarter earnings report, which saw the software giant post better-than-expected results on both the top and bottom lines.
Oracle reported quarterly revenue of $10.89, handily beating our consensus estimate of $10.46 billion. Quarterly earnings were also above our expectations, with profits of 82 cents per share (excluding six cents from non-recurring items) surpassing the Zacks Consensus Estimate of 73 cents.
Software-as-a-Service cloud revenues gained 67% to $964 million, while Platform-as-a-Service cloud revenues were up 40% to $403 million.
“Our fourth quarter results were very strong as revenue growth and earnings per share both substantially exceeded the high end of guidance,” said Oracle CEO Safra Catz. “We continue to experience rapid adoption of the Oracle Cloud led by the 75% growth in our SaaS business in Q4. This cloud hyper-growth is expanding our operating margins, and we expect earnings per share growth to accelerate in fiscal 2018.”
Total revenues from cloud operations gained nearly 60% year-over-year to $1.361 billion. Oracle’s cloud segment accounted for 13% of its revenue in the quarter. Overall, revenues were up a respectable 3.3%.
Oracle did not provide guidance in its earnings release, but the company is expected to issue projections in its earnings conference call. Make sure to check back here for our full analysis once all of the details are made available!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Zacks’ Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but chosen members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting today, and for the next month, you can follow all Zacks’ private buys and sells in real time. Our experts cover all kinds of trades: value, momentum, ETFs, stocks under $10, stocks that corporate insiders are buying up, and companies that are about to report positive earnings surprises. You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks’ secret trades>>