Safra Catz, Co-Chief Executive Officer of Oracle Corp.
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Oracle In the extended deal on Tuesday, shares fell 3% after enterprise software makers made more money than analysts expected.
Here’s how the company works.
- Revenue: According to Refinitiv, it’s adjusted to $ 1.31 per share, compared to what analysts expected to be $ 1.54 per share.
- Revenue: According to Refinitiv, it’s $ 11.23 billion, compared to what analysts expected at $ 11.24 billion.
Accelerated growth quarter When the coronavirus arrived in the United States last year, Oracle’s revenue fell by about 6%.
Oracle’s top revenue, cloud services, and license support segments generated $ 7.39 billion in revenue. This increased by 8%, surpassing FactSet’s consensus estimate of $ 7.32 billion. According to the company, revenue from second-generation cloud infrastructure doubled in the quarter, but not in dollars.
The cloud and on-premises licensing segment contributed a 9% increase to $ 2.14 billion in revenue, surpassing the $ 2.05 billion consensus.
The company’s hardware revenue was $ 882 million, exactly in line with analysts’ estimates, down 2%.
Oracle in quarter Announcement A new public cloud computing option that leverages Arm-based chips, and the US Supreme Court have ruled a long-standing proceeding between Oracle and Google. declare Copying Java code by Google was fair use.
Regarding guidance, analysts polled by Refinitiv expect adjusted earnings per share of $ 1.03 for the first quarter, equivalent to 3% earnings growth.Last year, a coronavirus pandemic affected companies around the world, and the company I chose not to issue guidance fiscal year.
Despite off-hours movements, Oracle’s share price has risen 26% since the beginning of the year and the S & P 500 Index has risen 13% over the same period. In May, Barclays analysts downgraded stocks from buy to hold, after prices rose as investors turned from growth to value. “To see more relative outperformance, we need to accelerate growth at Oracle, and we don’t yet have enough concrete data points for this,” the analyst wrote.
Executives will discuss the results with analysts and issue guidance on conference calls starting at 5 pm Eastern Standard Time.
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Oracle (ORCL) Revenues Q4 2021
Source link Oracle (ORCL) Revenues Q4 2021