Unusual Options Activity Tue 6/11/24

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• RIOT Weekly Jun14 10 calls (volume: 7.4K, open int: 10.2K, implied vol: ~79%, prev day implied vol: 73%). Co is expected to report earnings mid-August.
• SIRI Jun 2.5 calls (volume: 15.4K, open int: 590, implied vol: ~50%, prev day implied vol: 45%). 1330 contracts traded in a single transaction. Co is expected to report earnings mid-July.
• INTC Weekly Jun28 31.5 calls (volume: 2310, open int: 510, implied vol: ~33%, prev day implied vol: 31%). Co is expected to report earnings late July.
• WFC July 65 calls (volume: 20.6K, open int: 24.7K, implied vol: ~27%, prev day implied vol: 25%). 17.2K traded in a single transaction. Co at conference said older office buildings in large cities are seeing some stress related to commercial real estate. Co is confirmed to report earnings July 12 before the open.
  

Bearish Put Activity:

• X Weekly Jun14 36 puts (volume: 1200, open int: 0, implied vol: ~36%, prev day implied vol: 32%). Co is expected to report earnings late July. In late May, US Steel and Nippon Steel announced receipt of all non-U.S. regulatory approvals for merger.
• ORCL Jun 122 puts are seeing interest ahead of earnings tonight (volume: 1600, open int: 710, implied vol: ~36%, prev day implied vol: 33%).
  

Sentiment: The CBOE Put/Call ratio is currently: 0.90, VIX: (13.15, +0.41, +3.2%).
June 21 is options expiration -- the last day to trade June equity options.

Unusual Options Activity Fri 5/24/24

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.
Bullish Call Activity:

• AI Weekly May31 26.5 calls (volume: 12.7K, open int: 880, implied vol: ~80%, prev day implied vol: 60%). 11.7K traded in a single transaction. Co is confirmed to report earnings May 29 after the close.
• GPS Weekly May31 25 calls (volume: 2010, open int: 750, implied vol: ~72%, prev day implied vol: 56%). Co is confirmed to report earnings May 30 after the close.
• MRVL Jun 84 calls (volume: 1620, open int: 70, implied vol: ~51%, prev day implied vol: 46%). Co is confirmed to report earnings May 30 after the close.
• WDAY Weekly May24 235 calls are seeing interest with the underlying stock down 14% (volume: 3750, open int: 10, implied vol: ~26%, prev day implied vol: 24%). Co reported earnings last night.
  

Bearish Put Activity:

• ORCL Weekly May24 123 puts (volume: 2140, open int: 2740, implied vol: ~33%, prev day implied vol: 29%). Co is expected to report earnings mid-June.
• PZZA Jul 47.5 puts (volume: 5520, open int: 5550, implied vol: ~34%, prev day implied vol: 32%). 5230 contracts traded in a single transaction. We noted activity in the Jun 57.5 puts earlier in the week (see 5/23 13:17 OPTNX). Co is expected to report earnings early August.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.90, VIX: (12.19, -0.58, -4.6%).

June 21 is options expiration -- the last day to trade June equity options. 

==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."

Unusual Options Activity, Fri 6/23/23

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• EOSE Jan24 2.5 calls are seeing interest with the underlying stock down 7% (volume: 1910, open int: 230, implied vol: ~138%, prev day implied vol: 133%). 1000 contracts traded in a single transaction. Co is expected to report earnings mid-July.
• COST Jun 525 calls (volume: 1780, open int: 1990, implied vol: ~20%, prev day implied vol: 15%). Co is expected to report earnings mid-September.
• ORCL Sep 130 calls (volume: 2490, open int: 230, implied vol: ~24%, prev day implied vol: 23%). 1290 contracts traded in a single transaction. Co is expected to report earnings mid-September.
• SNAP Aug 12 calls (volume: 24.0K, open int: 19.3K, implied vol: ~74%, prev day implied vol: 73%). 9180 contracts traded in a single transaction. Co is expected to report earnings late July.
  

Bearish Put Activity:

• HPP Sep 5 puts are seeing interest with the underlying stock down 6% (volume: 2660, open int: 10, implied vol: ~91%, prev day implied vol: 59%). 2700 contracts traded in a single transaction. Co is expected to report earnings late July.
• DD Jul 67.5 puts (volume: 2730, open int: 80, implied vol: ~27%, prev day implied vol: 24%). Co is expected to report earnings early August.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.83, VIX: (12.94, +0.03, +0.2%).
July 21 is options expiration -- the last day to trade July equity options.

Cerner (CERN) to be acquired by Oracle (ORCL)?

Update Mon 12/20/21:  Oracle confirms plan to acquire Cerner through an all-cash tender offer for $95.00 per share, or approx. $28.3 bln in equity value.

***

 

 

Oracle (ORCL) is in talks to acquire medical records company Cerner (CERN) for about $30 billion, its largest acquisition ever and moving the enterprise software giant deeper into the health care sector. Oracle stock fell while Cerner shares soared.

The deal could be finalized soon, the Wall Street Journal reported, based on people familiar with the matter.

Oracle stock, which hit a record high last week, dropped 6.4%, closing at 96.62 on the stock market today. Cerner shares shot up 12.9%, closing at  89.77.

Cerner designs software that hospitals and doctors use to store and analyze medical records and other health care data. The chief executive of Cerner is David Feinberg, who was formerly vice president of Google Health. He joined Cerner Oct. 1.

Based in Kansas City, Mo., Cerner reported third-quarter revenue of $1.47 billion, up 7% from the year-ago period. Adjusted earnings climbed 19% to 86 cents a share. It has about 23,000 employees.

Cerner is the second largest seller of electronic health record software, after Epic Systems. Other competitors include Allscripts Healthcare Solutions (MDRX). Allscripts stock jumped 5.2%, closing at 18.54.

 

** CERN before **

 

ORCL — is it a buy?

• Sept. 30:  Is ORCL a buy?

• 18 days later:  NO

Oracle (ORCL) reported earnings on Wed 11 Sept 19 (a/h)

** charts after earnings **

 

 Oracle: CEO Mark Hurd will take a leave of absence for health related reasons

Said Oracle Founder, Executive Chairman, and Chief Technology Officer Larry Ellison, "Mark has requested a leave of absence from Oracle to address some health related issues and we all wish him a speedy recovery. Oracle has an extremely capable CEO in Safra Catz and an extraordinarily deep team of executives, many with long tenure at Oracle. Safra and I will cover Mark's responsibilities during his absence with support from the rest of our strong management team."
Also, co had been scheduled to report earnings tomorrow after the close. Perhaps this news prompted ORCL to report a day early.

 Oracle reports EPS in-line, revs in-line; adds $15 bln to buyback 

Reports Q1 (Aug) earnings of $0.81 per share, excluding non-recurring items, in-line with the S&P Capital IQ Consensus of $0.81; revenues rose 0.2% year/year to $9.22 bln vs the $9.29 bln S&P Capital IQ Consensus. Cloud services and license support +4% ex-FX to $6.8 bln.

"Non-GAAP earnings per share grew 14% in USD and 16% in constant currency," said Oracle CEO Safra Catz. "As our low margin hardware businesses continue to get smaller, while our higher margin cloud business continues to get bigger, we expect Oracle's operating margins, earnings per share and free cash flow all to grow. We're off to a good start in FY20, and we expect this to be our 3rd consecutive year of double-digit non-GAAP earnings per share growth."

"Our cloud ERP businesses, including both Fusion ERP and NetSuite ERP, grew 33% in Q1," said Oracle CEO Mark Hurd. "We now have over 6,500 Fusion ERP customers and over 18,000 NetSuite ERP customers. This continued strong growth has solidified our number one market leader position in cloud ERP worldwide, and our number one position in the overall applications business in North America."

"Autonomy is the defining attribute of a Generation 2 Cloud," said Oracle CTO, Larry Ellison. "Next week at our OpenWorld conference, we will announce more Autonomous Cloud Services to complement the Oracle Autonomous Database. The Autonomous Database is the most successful new product in Oracle's history. We added more than 500 new Autonomous Database cloud customers in Q1, and we expect to more than double that in Q2."

The Board of Directors increased the authorization for share repurchases by $15 bln.

The company was scheduled to report earnings tomorrow, but it instead announced earnings and news of a medical leave of absence for co-CEO Mark Hurd this afternoon.

Earnings this week : Sept 9 - 15, 19 (wk 37)

Monday (Sept 9)

• Afternoon: AGX CASY CTRP PHR

Tuesday (Sept 10)

• Morning: HDS
• Afternoon: PLAY FARM GME RH  ZS

Wednesday (Sept 11)

• Morning: LOVE
• Afternoon: ACB OXM  ORCL  TLRD

Thursday (Sept 12)

• Morning: DLTH KR MCFT
• Afternoon: AVGO UEPS  VNCE

Friday (Sept 13) 

• none

=Oracle (ORCL) reported earnings on Mon 17 Dec 2018 (a/h)

Oracle beats by $0.02, reports revs in-line

• Reports Q2 (Nov) earnings of $0.80 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.78; revenues fell 0.3% year/year to $9.57 bln vs the $9.52 bln S&P Capital IQ Consensus. 
• Total Cloud Services and License Support plus Cloud License and On-Premise License revenues were up 1% to $7.9 billion.
• "In addition to our strong EPS growth, free cash flow grew 10% to $13.8 billion over the previous twelve months. I am confident that we will continue to record strong EPS and free cash flow growth during the second half of this fiscal year." "Oracle's two cloud ERP businesses, Fusion ERP and NetSuite ERP, delivered a combined revenue growth rate of 32% in Q2," said Oracle CEO, Mark Hurd. "With nearly 6,000 Fusion ERP customers and over 16,000 NetSuite ERP customers, Oracle is the clear leader in cloud ERP. ERP has always been the largest segment of the enterprise applications business, so we have lots of room to grow as customers migrate from their traditional on-premise ERP to the Oracle Fusion ERP Cloud."

Earnings this week : December 17 - 21, 2018 (wk 51)

Earnings confirmed to report next week

Monday (Dec 17) 

• Morning: None
• Afternoon: HEI ORCL RHT

Tuesday (Dec 18)

• Morning: DRI FDS NAV WOR
• Afternoon: ABM AIR FDX JBL MU SCS 

Wednesday (Dec 19)

• Morning: GIS NCS PAYX WGO
• Afternoon: MLHR PIR RAD REVG

Thursday (Dec 20)

• Morning: ACN APOG ATU BB CAG CCL CTAS NEOG  SAFM SCHL SID WBA
• Afternoon: CAMP CTAS NKE  

Friday (Dec 21)

• KMX

=Oracle (ORCL) reported earnings on Mon 17 Sept 18 (a/h)

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.

Earnings expected this week : Sept 17 - 21, 18 (wk 38)

Earnings confirmed for this week

Monday (Sept 17) 

• Morning: None
• Afternoon: FDX  ORCL

Tuesday (Sept 18)

• Morning: APOG AZO CBRL GIS 
• Afternoon: None

Wednesday (Sept 19)

• Morning: CPRT
• Afternoon: MLHR  RHT

Thursday (Sept 20)

• Morning: DRI   THO
• Afternoon: MU  SCS  UNFI

Friday (Sept 21)

• Morning: None

-=Oracle (ORCL) reported earnings on Tue 19 June 18 (a/h)

A disappointing outlook and concerns over its developing cloud business sent Oracle (ORCL) shares reeling to a 15-month low Wednesday as Wall Street lowered its expectations for the tech icon.

After it reported fiscal fourth-quarter results late Tuesday, Oracle stock initially rose, then fell on disappointing guidance. The company said fiscal first-quarter revenue should be about $9.4 billion, below Wall Street estimates of roughly $9.5 billion. Shares of Oracle tumbled to 42.82, down 7.5%, on the stock market today, hitting a level not seen since March 2017.

Oracle is undergoing a shift in its product portfolio, away from a traditional model of licensing and maintenance to a subscription-based cloud-computing business while trying to sustain profit margins that have been under pressure.

Analysts, however, were doubtful about its progress. The database software company received price target cuts from RBC Capital Markets, to 52 from 55, and Stifel Nicolaus, to 50 from 53. Meanwhile, Wedbush downgraded Oracle to neutral from outperform.

"Given the strong quarterly results across our software coverage this earnings season, we felt Oracle's call had a less enthusiastic tone given the lack of upside in the cloud, a change in reporting format, lower than expected deferred revenue and a muted outlook," Monness Crespi Hardt analyst Brian White said in a note to clients.


Oracle reported fiscal fourth-quarter revenue of $11.25 billion, up 3% from the year-ago quarter. That slightly beat the consensus estimate of $11.2 billion.

It reported adjusted earnings of 99 cents per share, up 11%. That beat the consensus of 94 cents for the three-month period ended May 31.

The company did say it expects to achieve higher revenue growth rates for its current fiscal year over the comparable year-ago period.

Reporting Changes
During the conference call, Oracle also announced a change to its reporting format. The company will do away with breaking out its various cloud computing segments. Instead, Oracle will combine its various cloud computing sectors into one package, which disappointed some analysts.

"We believe completely ridding of this metric is short sighted," Monness's White wrote. He said Oracle has become more frugal in providing cloud-related metrics.

Credit Suisse analyst Brad Zelnick maintained an outperform rating on Oracle and price target of 60.

"We believe Oracle remains well positioned with underappreciated durability," Zelnick said.

=Oracle (ORCL) reported earnings on Mon 19 March 18 (a/h)

Oracle beats by $0.11, reports revs in-line 

• Reports Q3 (Feb) earnings of $0.83 per share, excluding non-recurring items, $0.11 better thanthe Capital IQ Consensus of $0.72; revenues rose 5.4% year/year to $9.78 bln vs the $9.77 bln Capital IQ Consensus. 
• Total Cloud Revenues were up 32% to $1.6 billion versus +21-25% guidance. Cloud and On-Premise Software Revenues were up 8% to $8.0 billion. Cloud Software as a Service (SaaS) revenues were up 33% to $1.2 billion. Cloud Platform as a Service (PaaS) plus Infrastructure as a Service (IaaS) revenues were up 28% to $415 million. 

=Oracle (ORCL) reported earnings on Thur 14 Dec 2017 (a/h)

Oracle beats by $0.02, reports revs in-line; adds $12 to share buyback; guides Q3 on the call

• Reports Q2 (Nov) earnings of $0.70 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.68; revenues rose 6.2% year/year to $9.63 bln vs the $9.57 bln Capital IQ Consensus. Cloud plus On-Premise Software Revenues were up 9% to $7.8 billion.
• Cloud Software as a Service (SaaS) revenues were up 55% to $1.1 billion. Cloud Platform as a Service (PaaS) plus Infrastructure as a Service (IaaS) revenues were up 21% to $396 million.
• Total Cloud Revenues were up 44% to $1.5 billion vs. +39-43% guidance
• Non-GAAP Operating Income was up 10% to $4.2 billion and non-GAAP Operating Margin was 44%.
• Safra Catz: "Our success in the quarter was based on the increasing scale and the gathering momentum in our cloud business. I expect the business to continue to grow and strengthen over the coming quarters."
• "Our Fusion ERP and Fusion HCM SaaS applications suite revenues grew 65% in the quarter," said Oracle CEO, Mark Hurd. "We are now the clear market leader in enterprise back-office SaaS applications with over 5,000 Fusion customers. And we expect to extend our lead by selling around $2 billion in new enterprise SaaS application cloud subscriptions over the coming four quarters. That's more new SaaS sales than any of our competitors."
• "Oracle will soon deliver the world's first autonomous "self-driving" database," said Oracle CTO, Larry Ellison. "The new artificially intelligent Oracle database is fully automated and requires no human labor for administration. If a security vulnerability is detected, the database immediately patches itself while running. No other system can do anything like this. Best of all, we guarantee the price of running the Oracle Autonomous Database in the Oracle Cloud is less than half the cost of running a database in the Amazon Cloud."
• The Board of Directors increased the authorization for share repurchases by $12 billion.

Oracle (ORCL) reported earnings on Thur 14 Sept 2017 (a/h)

** charts after earnings **

 

Oracle beats by $0.02, beats on revs; 

• Reports Q1 (Aug) earnings of $0.62 per share, excluding non-recurring items, $0.02 better thanthe Capital IQ Consensus of $0.60; revenues rose 7.0% year/year to $9.21 bln vs the $9.03 bln Capital IQ Consensus. 
• Cloud plus On-Premise Software Revenues were up 9% to $7.4 billion. Cloud Software as a Service (SaaS) revenues were up 62% to $1.1 billion. Cloud Platform as a Service (PaaS) plus Infrastructure as a Service (IaaS) revenues were up 28% to $400 million.
• Total Cloud Revenues were up 51% to $1.5 billion vs. +48-52% guidance.
• Non-GAAP Operating Income was up 11% to $3.8 billion and non-GAAP Operating Margin was 41%.
• "With SaaS revenue up 62%, our cloud applications business continues to grow more than twice as fast as Salesforce.com [CRM]," said Oracle CEO, Mark Hurd. "ERP is our largest and most important cloud applications business. We now have about 5,000 Fusion ERP customers plus 12,000 NetSuite ERP customers in the Oracle Cloud. That's 30 times more ERP customers than Workday [WDAY]." "In a couple of weeks, we will announce the world's first fully autonomous database cloud service," said Oracle Chairman and CTO, Larry Ellison. "Based on machine learning, the latest version of Oracle is a totally automated "self-driving" system that does not require human beings to manage or tune the database. Using AI to eliminate most sources of human error enables Oracle to offer database SLA's that guarantee 99.995% reliability while charging much less than AWS."

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."

Oracle (ORCL) reported earnings on Wed 15 March 2017 (a/h)

** charts before earnings **

 

** charts after earnings **

 

Oracle beats by $0.07, reports revs in-line; raises dividend 27% :

• Reports Q3 (Feb) earnings of $0.69 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus of $0.62; revenues rose 2.9% year/year to $9.27 bln vs the $9.25 bln Capital IQ Consensus. 
• Cloud software as a service (SaaS) and platform as a service (PaaS) revenues were $1.0 billion, up 73% in U.S. dollars and up 74% in constant currency.
• Non-GAAP SaaS and PaaS revenues were $1.1 billion, up 85% in U.S. dollars and up 86% in constant currency. Total Cloud Revenues, including infrastructure as a service (IaaS), were $1.2 billion, up 62% in U.S. dollars and up 63% in constant currency. Total Cloud and On-Premise Software Revenues were $7.4 billion, up 4% in U.S. dollars and up 5% in constant currency.
• "Our new, large, fast growing, high-margin cloud businesses are driving Oracle's total revenue and earnings up and improving nearly every important non-GAAP business metric you care to inspect; total revenue is up, margins are up, operating income is up, net income is up, EPS is up. Take a look. Q3 was a very strong quarter."
• "Over the last year, we sold more new SaaS and PaaS than Salesforce.com [CRM], and we're growing more than 3 times faster," said Oracle CEO, Mark Hurd. "If these trends continue, where we are selling more SaaS and PaaS in absolute dollars AND growing dramatically faster, it's just a matter of when we catch and pass Salesforce.com in total cloud revenue."
• "Both our SaaS and PaaS businesses are doing great, but I'm even more excited about our second generation IaaS business," said Oracle Chairman and CTO, Larry Ellison. "Our new Gen2 IaaS is both faster and lower cost than Amazon Web Services. And now our biggest customers can run their largest and most demanding Oracle database workloads in the Oracle Cloud -- something that is absolutely impossible to do in the Amazon Cloud."
• Oracle announced that its Board of Directors declared a quarterly cash dividend of $0.19 per share of outstanding common stock, reflecting a 27% increase over the current quarterly dividend of $0.15.

Oracle (ORCL) reported earnings on Thur 15 Dec 2016 (a/h)

** charts after earnings **

 

Oracle (ORCL): cautious guidance overshadowed a slim earnings beat. Oracle (ORCL) posted mixed second-quarter 2017 results. Although earnings (including stock-based compensation) of 55 cents per share were in line with the Zacks Consensus Estimate, revenues of $9.07 billion lagged the same.

Earnings (excluding stock-based compensation) decreased 3.2% to 61 cents, which was within the company’s guided range of 59 to 62 cents. Revenue growth of almost 1% (2% in constant currency) was slightly ahead of the bottom end of management’s guided range of 0–3%.

Adverse currency movements impacted earnings by a penny and total revenues by 1% in the quarter, primarily due to strong U.S. dollars. Further, the devaluation of the Egyptian currency in November negatively impacted earnings.

Top-line Details

Oracle’s top-line growth benefited from the ongoing cloud-based momentum. Total cloud revenues (12% of total revenue) soared 66.7% to $1.09 billion in the reported quarter.

Cloud SaaS and PaaS revenues soared 89% year over year to $912 million better than management guided range of 78% to 82%. IaaS revenues increased 6.1% to $175 million.

Cloud bookings were $377 million in the quarter. Oracle stated that SaaS and PaaS billings were up 39% on a year-over-year basis.  The company added 1,082 new SaaS customers, 2,225 new PaaS customers and 2,148 IaaS customers. Installed base of PaaS and IaaS is now at 21,219 customers.

Strong cloud results fully offset weak on-premise software revenues (67.5% of total revenue), which declined 3.7% to $6.13 billion. Total cloud and on-premise software revenues grew 2.9% (4% on constant currency) to $7.21 billion.

However, hardware revenues continued to decline in the quarter. Total hardware revenues dropped 9.7% year over year to $1.01 billion. Oracle’s engineered systems grew mid-double digit lead by Exadata that grew over 30% in the quarter.

Oracle (ORCL) reported Q1 earnings on Thur 15 Sept 2016 (a/h)

• Oracle (ORCL) fell after missing bottom-line estimates for the quarter and issuing disappointing second-quarter guidance.

** charts after earnings **