Oracle (ORCL) Tops Q4 EPS by 11c, Cloud Revenue Up 58%
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Oracle (NYSE: ORCL) reported Q4 EPS of $0.89, $0.11 better than the analyst estimate of $0.78. Revenue for the quarter came in at $10.89 billion versus the consensus estimate of $10.45 billion.
Total cloud revenue was up 58% to $1.4 billion and total revenue was up 3%.
"Our fourth quarter results were very strong as revenue growth and earnings per share both substantially exceeded the high end of guidance," said Oracle CEO, Safra Catz. "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.
For earnings history and earnings-related data on Oracle (ORCL) click here.
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