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Wednesday, June 21, 2017

Oracle (ORCL) reported earnings on Wed 21 June 2017 (a/h)

** charts before earnings **

 





** charts after earnings **


Oracle beats by $0.11, beats on revs; will guide for Q1 EPS and revenues on conference call which begins at 17:00 ET:
  • Reports Q4 (May) earnings of $0.89 per share, excluding non-recurring items, $0.11 better than the Capital IQ Consensus of $0.78; Non-GAAP revenues rose 3.3% year/year to $10.94 bln vs the $10.45 bln Capital IQ Consensus. Without the impact of the U.S. dollar strengthening compared to foreign currencies, Oracle's reported GAAP Earnings Per Share would have been 2 cents higher, and non-GAAP Earnings Per Share would have been 1 cent higher.
  • For fiscal 2017, Cloud SaaS revenues were up 61% to $3.2 bln compared to fiscal 2016. Non-GAAP SaaS revenues were up 68% to $3.4 bln. Cloud PaaS and IaaS revenues were up 60% to $1.4 bln for both GAAP and Non-GAAP. Total cloud revenues were up 60% to $4.6 bln. Non-GAAP cloud revenues were up 66% to $4.7 bln. Cloud and on-premise software revenues were up 4% to $30.2 bln. Non-GAAP cloud and on-premise software revenues were up 5% to $30.4 bln.
  • "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..."AT&T has agreed to migrate thousands of existing Oracle databases containing petabytes of data plus their associated applications workloads to the Oracle Cloud."

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