Oracle beats by $0.03, reports revs in-line; increases buyback by $12 billion
- Reports Q1 (Aug) adj. earnings of $0.71 per share, $0.03 better than the S&P Capital IQ Consensus of $0.68; revenues rose 0.8% year/year to $9.2 bln vs the $9.26 bln S&P Capital IQ Consensus.
- Total Cloud Services and License Support plus Cloud License and On-Premise License revenues were up 2% to $7.5 billion. Cloud Services and License Support revenues were $6.6 billion, while Cloud License and On-Premise License revenues were $867 million.
- Operating Cash Flow was up 5% to $15.5 billion during the trailing twelve months.
- "We are off to an excellent start with Q1 non-GAAP earnings per share growing 19% in constant currency," said Oracle CEO, Safra Catz. "That strong earnings per share growth rate increases my confidence that we will deliver on another fiscal year of double-digit non-GAAP earnings per share growth."
- "In the first quarter, we increased our market share as customers continued to buy Oracle Fusion ERP to replace their existing SAP and Workday ERP systems. The Oracle Fusion ERP customer count is now nearly 5,500, while the NetSuite ERP customer count is over 15,000... Oracle's Autonomous Database is faster, easier-to-use, more reliable, more secure and much lower cost than Amazon's databases."
- The Board of Directors increased the authorization for share repurchases by $12.0 billion.
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