56.27 +3.58 (6.79%)
Pre-Market: 9:14AM EDT
|Bid||55.90 x 4000|
|Ask||56.17 x 1300|
|Day's Range||52.25 - 53.13|
|52 Week Range||42.40 - 55.53|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||18.87|
|Earnings Date||Sep 16, 2019 - Sep 20, 2019|
|Forward Dividend & Yield||0.96 (1.81%)|
|1y Target Est||53.41|
Oracle Q3 earnings are out after the bell Wednesday. Analysts are optimistic about the tech company with estimated EPS of $1.07 a share and expected sales of $10.95B. Steve Koenig, Wedbush Securities Managing Director joins Yahoo Finance to discuss.
U.S. stocks climbed Thursday, extending gains after Federal Reserve officials signaled they would be willing to ease monetary policy to help prop up the economy.
shares were indicated sharply higher in pre-market trading Thursday after the business software group said its first quarter earnings would likely beat forecasts following a solid end to its 2019 fiscal year. Oracle said first quarter earnings would likely come in between 80 and 82 cents per share, just head of Street forecasts, following a fourth quarter earnings report that included a stronger-than-expected 1% increase in sales to $11.14 billion an in-line GAAP earnings of $1.07 per share. Oracle said a push further into cloud-linked sales, as well as new products such as its Autonomous Database and Fusion Applications, drove both fourth quarter sales and the better-than-expected first quarter outlook.
Oracle named a Leader based on completeness of vision and ability to execute REDWOOD SHORES, Calif., June 20, 2019 /PRNewswire/ -- Oracle (NYSE: ORCL) has been named a Leader in Gartner's 2019 "Magic ...
U.S. stock futures rose sharply on Thursday and global stocks charged higher amid signals of lower interest rates from the Federal Reserve. Fed Chairman Jerome Powell and his colleagues on the Federal Open Market Committee dropped a reference that they would be "patient" in monitoring incoming data in a statement Wednesday, following the central bank's decision to hold interest rates steady. The Fed instead said it would act "as appropriate" in order to sustain an economic expansion of nearly 10 years.
REDWOOD SHORES, Calif., June 20, 2019 /PRNewswire/ -- To compete more aggressively at the pinnacle of higher education, Baylor University—the oldest continuously operating university in Texas—has adopted Oracle Cloud Applications. With cloud-based applications for finance, planning and human resources, Baylor will be able to improve productivity and business insights by transforming administrative operations and employee experience and gaining real-time access to data from across its growing operations. From its beginning as a small Baptist college in 1845, Baylor has grown to serve more than 16,000 students annually and has become a world-class brand in higher education.
Dow Jones futures: The stock market rally is racing toward record highs after the dovish Fed meeting with the Trump-Xi meeting looming. Oracle stock rose on strong earnings.
Yesterday, Oracle (ORCL) released its results for the fourth quarter of fiscal 2019. The company reported revenues of $11.14 billion in the quarter, which topped analysts’ estimates. Oracle’s revenues rose 1% YoY in US dollar terms and 4% in constant currency terms. Oracle’s Cloud Services and License Support segment posted revenues of $6.8 billion in the quarter.
On Wednesday afternoon, Oracle reported May quarter (fiscal fourth quarter) revenue of $11.14 billion (up 1% annually) and non-GAAP EPS of $1.16 (up 23%), beating consensus analyst estimates of $10.93 billion and $1.07. The company's billings, defined as its revenue plus the sequential change in its deferred revenue balance, came in at $11.51 billion (down 1.5%), above an $11.42 billion consensus. On its earnings call, Oracle guided for its August quarter revenue to be flat to up 2% in dollars (in constant currency, guidance is for 1% to 3% growth), and for EPS of $0.80 to $0.82 (up 12% to 14%).
The government want to scrutinize the upcoming Libra currency, among other things. Meanwhile, the database king keeps its crown.
(Bloomberg) -- Oracle Corp.’s shares climbed after the world’s second-largest software maker returned to sales growth and gave a forecast indicating the momentum may continue. For investors, the results were a reprieve amid the company’s uneven transition to cloud-based computing.Revenue increased 1.1% to $11.1 billion in the period ended May 31 from a year earlier, the Redwood City, California-based company said Wednesday in a statement. Analysts, on average, projected $10.9 billion, according to data compiled by Bloomberg. Oracle said sales will grow as much as 2% in the current period.Chief Executive Officers Safra Catz and Mark Hurd have sought to maintain Oracle’s large customer base as the company competes with a dizzying number of rivals in the cloud-computing space. The software maker’s stumbles against Amazon.com Inc. and others have spurred the company to seek help from unlikely sources. Earlier this month, Oracle announced an alliance with longtime rival Microsoft Corp., letting customers use their respective clouds.The period marked Oracle’s first year-over-year increase in total revenue since the fiscal first quarter.Oracle shares jumped about 5% in extended trading after closing at $52.68 in New York. The stock has gained 17% this year.Profit, excluding some expenses, will be 80 cents to 82 cents a share in the period that ends in August, Catz said on a conference call. The forecast is in line with Wall Street’s average estimate of 81 cents. Oracle reported an adjusted profit of $1.16 a share in the fiscal fourth quarter, compared with estimates of $1.07 a share.Pat Walravens, an analyst at JMP Securities, said Oracle’s sales and profit outlook brought relief to concerned investors.“These are small numbers but we seem to be making some progress,’’ Walravens said in an interview. “Oracle is doing a nice job on the applications side, but on the infrastructure side you’re competing against Microsoft, Amazon Web Services and the Google Cloud. That remains highly competitive.’’Larry Ellison, Oracle’s billionaire co-founder and executive chairman, said some corporate applications for the cloud are finally boosting overall growth, even as product lines like the company’s data-broker business declined.“We are focused on our star products and our star products are now driving the top line higher,” Ellison said on the call. “We have these other businesses that are melting away and we just don’t care.”Cloud license and on-premise license sales increased 12% to $2.52 billion, suggesting that Oracle is doing a better job of signing on new customers. The company said that revenue from NetSuite grew 32%, and Fusion HR and financial suites gained by the same amount. Hurd has been keen to chase growth by selling apps and set a target for attaining 50% market share to best rival SAP SE.Revenue from cloud services and license support was unchanged at $6.8 billion in the quarter, Oracle said. While that metric includes revenue from hosting customers’ data on the cloud, a large portion is generated by maintenance fees for traditional software housed on clients’ servers. The unit accounted for more than 60% of total revenue.Sales of Oracle’s servers declined 11% in the period. Catz said the company has chosen to “downsize our low-margin legacy hardware business,” which Oracle acquired when it bought Sun Microsystems.Oracle has been firing workers around the world to cut expenses. The company’s adjusted operating margin reached 47%, the highest in five years. The company’s costs related to restructuring also doubled to $168 million in the quarter compared with a year earlier.The deal between Oracle and Microsoft will allow mutual customers to connect databases on Oracle’s cloud to applications on Microsoft’s Azure cloud. The agreement signified a concession by Oracle that it won’t be able to compete against Amazon Web Services alone. AWS offers cheaper versions of the databases that make up Oracle’s core business.To contact the reporter on this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Investing.com - Oracle (NYSE:ORCL) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
Oracle Corp. shares rallied in the extended session Wednesday after the database giant topped Wall Street estimates for the quarter.
Oracle (ORCL) delivered earnings and revenue surprises of 8.41% and 1.78%, respectively, for the quarter ended May 2019. Do the numbers hold clues to what lies ahead for the stock?
Oracle (NYSE:ORCL) unveiled its latest quarterly earnings results late today, amassing a profit that was stronger than what analysts called for, while the brand's revenue was also ahead of the mark, playing a role in lifting ORCL stock more than 2% after hours Wednesday.The Redwood City, Calif.-based software business said that for its fourth quarter of its fiscal 2019, it brought in an adjusted profit of $1.16 per share when excluding certain items. This figure was roughly 9 cents per share ahead of the Wall Street consensus estimate, which came in at adjusted earnings of $1.07 per share, according to the average guidance of analysts, per Refinitiv.Oracle added that its sales increased 1% when compared to the year-ago quarter, reaching $11.14 billion and coming in ahead of the $10.93 billion that analysts predicted, per Refinitiv. The company's Cloud Services and License Support business, which is its largest segment, tallied in $6.80 billion in revenue, better than the $6.76 billion consensus outlook, per analysts polled by FactSet.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIts Cloud License and On-Premise License segment raked in $2.52 billion in revenue, ahead of the $2.32 billion FactSet forecast. Oracle said its quarterly success could be attributed to growth in cloud applications such as NetSuite and Fusion-the business also reduced its workforce and inked a partnership with competitor MIcrosoft.ORCL stock is gaining about 2.7% after the bell today following the company's quarterly earnings results. Shares had been down about 0.4% during regular trading hours on Wednesday. More From InvestorPlace * 7 Value Stocks to Buy for the Second Half * 7 Top-Rated Biotech Stocks to Invest In Today * 5 Stocks to Buy for $20 or Less Compare Brokers The post Oracle Earnings: ORCL Stock Gains on Q4 EPS, Sales Beats appeared first on InvestorPlace.
Oracle earnings and revenue came in better than expected Wednesday, as the database software company continues a lengthy business-model transition to cloud computing. Oracle stock rose.
Oracle Corp on Wednesday forecast current-quarter profit above estimates, as the business software maker benefited from demand for its on-premise IT, cloud services and license support businesses, sending its shares up as much as 7% in extended trading. Oracle has been aggressively pushing into cloud computing to make up for a late entry in the fast-growing business. Chairman Lawrence Ellison said the company saw a surge in database license sales and a rapid growth in database options required to run Autonomous Database, a cloud-based technology that automates routine tasks needed to manage Oracle databases.
Oracle has been aggressively pushing into cloud computing to make up for a late entry in the fast-growing business. Chairman Lawrence Ellison said the company saw a surge in database license sales and a rapid growth in database options required to run Autonomous Database, a cloud-based technology that automates routine tasks needed to manage Oracle databases. Microsoft Corp and Oracle earlier this month announced an agreement to make their two cloud computing services work together with high-speed links between their data centers, which "will only help accelerate the transition from on-premise database to the Autonomous Database service," said co-Chief Executive Officer Safra Catz.