==Oracle (ORCL) reported earnings on Mon 11 March 24 (a/h)

 

Oracle announces enhancements to Oracle Health Data Intelligence, including a new generative AI service to help increase care management efficiency

• Enhancements to Oracle Health Data Intelligence include new generative AI service that helps simplify care management.
• Suite empowers healthcare organizations to address regulatory requirements and improve quality of care while reducing costs.
• EHR-agnostic platform helps reduce data integration challenges, increase data security, and embed intelligence in clinical and operational applications.

Oracle beats by $0.03, reports revs in-line

• Reports Q3 (Feb) earnings of $1.41 per share, excluding non-recurring items, $0.03 better than the FactSet Consensus of $1.38; revenues rose 7.1% year/year to $13.28 bln vs the $13.29 bln FactSet Consensus.
  • Q3 Total Remaining Performance Obligations up 29% to $80 billion.
  • Q3 Cloud Revenue (IaaS plus SaaS) $5.1 billion, up 25% in USD, up 24% in constant currency.
  • Q3 Cloud Infrastructure (IaaS) Revenue $1.8 billion, up 49% in both USD and constant currency.
  • Q3 Cloud Application (SaaS) Revenue $3.3 billion, up 14% in both USD and constant currency Q3.
  • Fusion Cloud ERP (SaaS) Revenue $0.8 billion, up 18% in both USD and constant currency.
  • Q3 NetSuite Cloud ERP (SaaS) Revenue $0.8 billion, up 21% in USD, up 20% in constant currency.
• Note: Co typically guides on the conference call, so be sure to monitor InPlay.
• "Large new cloud infrastructure contracts signed in Q3 drove Oracle's total Remaining Performance Obligations up 29% to over $80 billion-an all-time record," said Oracle CEO, Safra Catz. "We expect to continue receiving large contracts reserving cloud infrastructure capacity because the demand for our Gen2 AI infrastructure substantially exceeds supply-despite the fact we are opening new and expanding existing cloud datacenters very, very rapidly. We expect that 43% of our current $80 billion of Remaining Performance Obligations will be recognized as revenue over the next four quarters, and that our Gen2 Cloud Infrastructure business will remain in a hypergrowth phase-up 53% in Q3-for the foreseeable future."
• "In Q3, Oracle finished moving the majority of Cerner customers to Oracle's Gen2 Cloud Infrastructure," said Oracle Chairman and CTO, Larry Ellison. "In Q4, Oracle will start delivering its completely new Ambulatory Clinic Cloud Application Suite to these same customers."