Monday, September 9th, 2024Market indexes spent the full trading session in the green to start a new week on Wall Street. All were off intra-day highs, but only the small-cap Russell 2000 trailed off in the final half-hour of trading or so. The Dow grew +484 points, +1.20%, while the S&P 500 and the Nasdaq were both up +1.16%. The Russell came in +0.31%.Inventories, Credit Move Opposite DirectionsTwo relatively minor economic reports came out during today’s regular trading session: Wholesale Inventories for ...

For the quarter ended August 2024, Oracle (ORCL) reported revenue of $13.31 billion, up 6.9% over the same period last year. EPS came in at $1.39, compared to $1.19 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $13.22 billion, representing a surprise of +0.68%. The company delivered an EPS surprise of +5.30%, with the consensus EPS estimate being $1.32.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...

Oracle (ORCL) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.32 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.30%. A quarter ago, it was expected that this software maker would post earnings of $1.64 per share when it actually produced earnings of $1.63, delivering a surprise of -0.61%.Over the last four quarters, the company has ...

Key TakeawaysOracle's fiscal first-quarter results exceeded analysts' expectations, sending shares higher in extended trading Monday.Revenue from Oracle's cloud services jumped as the company said demand for training AI large language models in the cloud surged.Oracle and Amazon Web Services also announced a multicloud partnership. Oracle (ORCL) shares jumped in extended trading Monday after the software giant reported fiscal first-quarter results that topped analysts’ expectations and announced a new partn ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Earnings and Profitability - Q1 GAAP Earnings per Share increased by 20% to $1.03, and Non-GAAP Earnings per Share increased by 17% to $1.39[1] - Net income grew by 21% to $2.929 billion, with diluted earnings per share increasing 20% to $1.03[15] - Net income for the three months ended August 31, 2024, was $2.929 billion, compared to $2.420 billion for the same period in 2023[23] - Q1 Non-GAAP operating income was $5.7 billion, up 13% in USD and 14% in constant currency[2] - Operating income rose by 21% to $1.7 billion, with operating margin improving to 30% from 26% in the prior year[15] Revenue Growth - Q1 Total Revenue reached $13.3 billion, up 7% in USD and 8% in constant currency[1] - Total revenues increased by 7% to $13.3 billion in Q1 fiscal 2025 compared to $12.453 billion in the same period last year[14] - Revenue for Q1 fiscal 2025 was $19.12 billion, showing an increase from $18.60 billion in Q4 fiscal 2024[26] - Total revenues for Q1 2025 reached $13.3 billion, showing a 7% growth compared to the previous year[29][30] - Constant currency revenue growth for total revenues was 8% in Q1 2025, slightly higher than the reported growth rate[29] Cloud Revenue and Performance - Q1 Cloud Revenue (IaaS plus SaaS) grew by 21% in USD and 22% in constant currency to $5.6 billion[1] - Q1 Cloud Infrastructure (IaaS) Revenue surged by 45% in USD and 46% in constant currency to $2.2 billion[1] - Q1 Cloud Application (SaaS) Revenue increased by 10% in both USD and constant currency to $3.5 billion[1] - Q1 Fusion Cloud ERP (SaaS) Revenue rose by 16% in USD and 17% in constant currency to $0.9 billion[1] - Q1 NetSuite Cloud ERP (SaaS) Revenue grew by 20% in both USD and constant currency to $0.9 billion[1] - Cloud services revenue grew by 21% in Q1 2025, contributing significantly to overall revenue growth[29] - Infrastructure cloud services and license support revenues increased by 13% in Q1 2025, reaching $5.75 billion[29] - Cloud services and license support revenue reached $141 million, up from $111 million in the prior year[16] Remaining Performance Obligations and Contracts - Q1 Total Remaining Performance Obligations increased by 53% to $99 billion[1] - Oracle signed 42 additional cloud GPU contracts in Q1, totaling $3 billion[3] Operating Expenses and Compensation - Total operating expenses increased by 2% to $9.316 billion, with research and development expenses rising to $569 million[15][16] - Stock-based compensation increased by 19% to $1.007 billion compared to $849 million in the prior year[15] - Stock-based compensation increased to $1.007 billion in 2024 from $849 million in 2023[23] Cash Flow and Capital Expenditures - Net cash provided by operating activities increased to $7.427 billion in 2024 from $6.974 billion in 2023[23] - Capital expenditures rose to $2.303 billion in 2024, up from $1.314 billion in 2023[23] - Free cash flow for Q1 fiscal 2025 was $9.455 billion, representing a 68% growth over the prior quarter[26] - Free cash flow as a percentage of net income was 189% in Q1 fiscal 2025, compared to 168% in the previous quarter[26] Assets and Liabilities - Total assets increased to $144.214 billion as of August 31, 2024, up from $140.976 billion at the end of the previous quarter[20] - Cash and cash equivalents grew to $10.616 billion, compared to $10.454 billion at the end of the previous quarter[20] - The company's cash and cash equivalents at the end of the period were $10.616 billion, down from $11.613 billion in the previous year[23] - Total intangible assets, net were $6.270 billion, with estimated future annual amortization expenses of $1.683 billion for the remainder of fiscal 2025[16] - Deferred revenues increased to $11.455 billion, up from $9.313 billion in the previous quarter[20] - Deferred revenues grew to $2.305 billion in 2024, slightly up from $2.317 billion in 2023[23] - The company issued $5.627 billion in term loan credit agreements in 2024, compared to none in 2023[23] Regional Revenue Performance - Americas region generated $8.37 billion in revenue for Q1 2025, maintaining its position as the largest revenue contributor[30] - Europe/Middle East/Africa region reported $3.23 billion in revenue for Q1 2025, showing steady growth[30] - Asia Pacific region contributed $1.71 billion in revenue for Q1 2025, reflecting a stable performance[30] Segment Performance - Cloud license and on-premise license revenue grew by 7% in Q1 2025, indicating a recovery in this segment[29] - Hardware revenue declined by 8% in Q1 2025, continuing a downward trend[29] - Services revenue decreased by 9% in Q1 2025, reflecting challenges in this segment[29]

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 ...

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 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 ...

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 ...