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MarketScreener Homepage  >  Equities  >  Nyse  >  Oracle Corporation    ORCL

ORACLE CORPORATION

(ORCL)
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Oracle : Revenue Beats Targets in Latest Quarter

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06/19/2019 | 04:46pm EST

By Micah Maidenberg

Oracle Corp. reported stronger-than-expected sales and beat profit targets for its latest quarter.

The company said on Wednesday that fiscal-fourth-quarter revenue increased about 1% from the year earlier to $11.14 billion, surpassing the $10.93 billion that analysts polled by FactSet predicted.

Oracle reported a decline in revenue versus the year earlier periods in its previous two quarters. It faces robust competition -- including from Microsoft Corp., Amazon.com Inc. and Salesforce.com Inc. -- to sell businesses services and software via the cloud. Earlier this month, Salesforce said revenue rose by 24% in its latest quarter.

Oracle's largest business unit, cloud services and license support, booked $6.79 billion in revenue in the latest quarter, up 0.5% compared with last year. Sales from its cloud license and on-premise license business gained 12% to $2.52 billion.

The company's adjusted profit margin of 47% in the quarter that ended May 31 was the highest level it has recorded in five years, co-Chief Executive Safra Catz said.

Shares of Oracle gained 6% in after-hours trading Wednesday.

Profit rose to $3.74 billion, or $1.07 cents a share, for the quarter, up from $3.28 billion, or 79 cents a share last year. After adjustments, it reported a profit of $1.16 a share, 9 cents better than Wall Street targets.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
MICROSOFT CORPORATION 1.96% 165.46 Delayed Quote.4.92%
ORACLE CORPORATION 1.46% 53.46 Delayed Quote.0.91%
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Financials (USD)
Sales 2020 39 977 M
EBIT 2020 17 530 M
Net income 2020 10 194 M
Debt 2020 27 296 M
Yield 2020 1,70%
P/E ratio 2020 17,5x
P/E ratio 2021 15,9x
EV / Sales2020 4,97x
EV / Sales2021 4,77x
Capitalization 171 B
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Technical analysis trends ORACLE CORPORATION
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 35
Average target price 56,24  $
Last Close Price 53,46  $
Spread / Highest target 27,2%
Spread / Average Target 5,20%
Spread / Lowest Target -34,5%
EPS Revisions
Managers
NameTitle
Safra Ada Catz Chief Executive Officer & Director
Lawrence Joseph Ellison Chairman & Chief Technology Officer
Mark E. Sunday Chief Information Officer & Senior Vice President
Michael J. Boskin Independent Director
Jeffrey O. Henley Vice Chairman
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