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Oracle reports better-than-expected quarterly results; shares rise
CNBC· 2024-09-09 20:15
Oracle chairman and chief technology officer Larry Ellison speaks at the Oracle OpenWorld conference in San Francisco on Sept. 16, 2019.Oracle shares rose 8% in extended trading on Monday after the database software vendor reported fiscal first-quarter results that topped Wall Street estimates.Here's how the company did in comparison with LSEG consensus:Earnings per share: $1.39 adjusted vs. $1.32 expectedRevenue: $13.31 billion vs. $13.23 billion expectedOracle's revenue increased 8% from $12.45 billion a ...
Oracle Announces Fiscal 2025 First Quarter Financial Results
Prnewswire· 2024-09-09 20:05
Q1 GAAP Earnings per Share up 20% to $1.03, Non-GAAP Earnings per Share up 17% to $1.39Q1 Total Revenue $13.3 billion, up 7% in USD and up 8% in constant currencyQ1 Total Remaining Performance Obligations up 53% to $99 billionQ1 Cloud Revenue (IaaS plus SaaS) $5.6 billion, up 21% in USD and up 22% in constant currencyQ1 Cloud Infrastructure (IaaS) Revenue $2.2 billion, up 45% in USD and up 46% in constant currencyQ1 Cloud Application (SaaS) Revenue $3.5 billion, up 10% in both USD and constant currencyQ1 Fu ...
Oracle and Google Cloud Announce the General Availability of Oracle Database@Google Cloud
Prnewswire· 2024-09-09 20:04
Oracle Database services running on Oracle Cloud Infrastructure can now be deployed directly in Google Cloud datacentersMulticloud partnership helps customers simplify cloud migration and innovate faster with services like Vertex AI and Oracle Database 23aiLAS VEGAS, Sept. 9, 2024 /PRNewswire/ -- Oracle CloudWorld -- Oracle and Google Cloud today announced the general availability of Oracle Database@Google Cloud in four Google Cloud regions across the United States and Europe. Customers will now be able to ...
Oracle and Amazon Web Services Announce Strategic Partnership
Prnewswire· 2024-09-09 20:00
Customers can now access Oracle Autonomous Database and Oracle Exadata Database Service in AWS, simplifying the migration and deployment of enterprise workloads to the cloud while improving agility, flexibility, and securityAUSTIN, Texas and SEATTLE, Sept. 9, 2024 /PRNewswire/ -- Oracle and Amazon Web Services, Inc. (AWS) today announced the launch of Oracle Database@AWS, a new offering that allows customers to access Oracle Autonomous Database on dedicated infrastructure and Oracle Exadata Database Service ...
Oracle: Cautiously Optimistic Going Into Earnings
Seeking Alpha· 2024-09-08 17:03
Liudmila Chernetska Oracle Corp. (NYSE:ORCL) is set to report q1’25 earnings on September 9, 2024, with strong expectations to the upside across analysts and investors. Analysts have revised their EPS forecast 13x to the upside and 5x to the downside in the last 90 days. Seeking Alpha In addition to this, institutional investors have been net buyers of ORCL shares, suggesting significant interest in the ERP turned hyperscaler as the firm continues to expand their global AI factory footprint. FinChat Co ...
What You Need To Know Ahead of Oracle's Earnings Monday
Investopedia· 2024-09-06 22:45
 Analyst Estimates for Q1 2025 Q4 2024 Q1 2024 Revenue $13.23 billion $14.29 billion $12.45 billion Diluted EPS 91 cents $1.1186 cents  Net Income $2.57 billion $3.14 billion $2.42 billion Key Metric: Oracle Cloud Infrastructure Revenue Oracle shares hit a record high in June when the company announced cloud infrastructure deals with Microsoft (MSFT), OpenAI, and Alphabet's (GOOGL) Google alongside its fiscal fourth quarter results. Shares of Oracle, which edged lower Friday, are up some 35% this year. O ...
Oracle's AI Push: A Potential Catalyst for Q1 Earnings Growth?
ZACKS· 2024-09-06 14:46
Oracle’s (ORCL) first-quarter fiscal 2025 results, scheduled to be reported on Sept. 9, are likely to have been driven by the rising demand for the company’s innovative artificial intelligence (AI) solutions.Oracle’s AI strategy is comprehensive, embedding AI functionalities across its cloud infrastructure, databases, enterprise applications and analytics tools. Oracle has been steadily enhancing its AI offerings, with a particular focus on machine learning (ML), natural language processing and computer vis ...
How To Earn $500 A Month From Oracle Stock Ahead Of Q1 Earnings
Benzinga· 2024-09-06 12:19
Oracle Corporation ORCL is set to release earnings results for its first quarter fiscal year 2025, after the closing bell on Monday, Sept. 9.Analysts expect the Austin, Texas-based company to report quarterly earnings at $1.33 per share, up from $1.19 per share. Oracle projects to report quarterly revenue of $13.24 billion for the quarter, according to data from Benzinga Pro.On June 12, Oracle reported fourth-quarter revenue of $14.3 billion. It missed the consensus estimate of $14.554 billion, according to ...
Oracle billionaire Larry Ellison will control Paramount after Skydance deal: filing
New York Post· 2024-09-05 18:59
Tech billionaire Larry Ellison will control CBS parent Paramount Global after Skydance Media completes its purchase of the Redstone family’s interest in the film and TV company, according to a report.The Oracle co-founder will own 77.5% of National Amusements, Paramount’s controlling shareholder, through a trust and series of corporations, according to a filing with the US Federal Communications Commission, first cited Bloomberg News on Thursday.Skydance CEO and Larry’s son David will serve as Paramount’s c ...
Should You Buy, Sell or Hold Oracle Stock Before Q1 Earnings?
ZACKS· 2024-09-05 15:40
Oracle (ORCL) is scheduled to report its fiscal first-quarter 2025 results on Sept. 9.For the first quarter of fiscal 2025, total revenues are expected to grow 6% to 8% at cc and 5% to 7% in dollar terms. The Zacks Consensus Estimate for revenues is currently pegged at $13.22 billion, suggesting growth of 6.14% from the year-ago quarter’s reported figure.The company’s non-GAAP EPS is expected to grow 10% to 14% and be in the range of $1.31-$1.35. The consensus mark for earnings is pegged at $1.32 per share, ...