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Oracle Corp.

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Oracle posted mixed second quarter fiscal 2016 results wherein earnings of $0.59 beat the Zacks Consensus Estimate by $0.02 but revenues of $8.99 billion missed the same. The company’s continuing transition from licensing, where revenues are recognized upfront, to a cloud subscription model where it is realized over the years, will hurt its top line in the near term. Stiff competition remains an added concern. Nevertheless, we believe that rapid adoption of engineered systems and cloud suites will boost top-line growth in 2016 and beyond. In addition, the company’s growth prospects in SaaS, PaaS and Big Data are also encouraging.

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