Oracle (ORCL) Revenues Q1 2022

Oracle CEO Safra Catz will give a keynote speech at 2019 Oracle OpenWorld in San Francisco, CA on September 17, 2019. Oracle CEO Safra Catz kicked off the second day of 2019 Oracle OpenWorld with a keynote. The annual convention will be held until September 19th.

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Oracle Equities fell by as much as 3% in an extended deal on Monday after enterprise software makers reported lower-than-expected first-quarter earnings.

Here’s how the company works.

  • Revenue: According to Refinitiv, adjusted $ 1.03 per share, compared to analysts’ expectations of 97 cents per share.
  • Revenue: According to Refinitiv, it’s $ 9.73 billion, compared to what analysts expected at $ 9.77 billion.

According to the company, revenue for the quarter ending August 31 was up 4% year-on-year. statement..Last quarter of oracle Revenue increased by 8%..

Regarding guidance, analysts polled by Refinitiv expect adjusted earnings per share of $ 1.08 and revenue of $ 12.5 billion in the second quarter, which will lead to revenue growth of nearly 5%.

Oracle’s largest business segment, cloud services and licensing support, generated $ 7.37 billion in revenue. That’s up 6%, below the Street Account’s consensus estimate of $ 7.41 billion.

Revenues in the cloud and on-premises licensing segments were $ 813 million, down 8% to below the $ 859.7 million consensus. Oracle’s hardware unit revenue was $ 763 million, down 6% from the $ 778.5 million estimate.

Oracle boosted capital spending to more than $ 1 billion, compared to $ 436 million in the year-ago quarter. The investment is made after the executive signals that they need the infrastructure needed to meet their projected cloud demand. In a statement, Oracle said cloud infrastructure and cloud applications now account for 25% of total revenue.

Oracle in quarter Presentation A support rewards program designed to encourage customers to adopt public cloud services. S & P Global Ratings has reduced Oracle’s rating and debt to BBB +.

Oracle’s share price has risen 37% since the beginning of the year, while the S & P 500 Index has risen about 19% over the same period.

Executives discuss the results with analysts and issue guidance at 5 pm Eastern Standard Time.

This is breaking news. Please check for updates.

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Oracle (ORCL) Revenues Q1 2022

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