Oracle (ORCL) Tops Q4 EPS by 4c, Revenue Misses
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(Updated - June 16, 2020 4:03 PM EDT)
Oracle (NYSE: ORCL) reported Q4 EPS of $1.20, $0.04 better than the analyst estimate of $1.16. Revenue for the quarter came in at $10.4 billion versus the consensus estimate of $10.67 billion.
"In Q4, non-GAAP earnings per share grew 5% in constant currency driven by strong performances in both our cloud infrastructure and cloud applications businesses," said Oracle CEO, Safra Catz. "Leading the way was our Fusion Cloud ERP Suite that grew 35% in constant currency, and our Fusion Cloud HCM Suite grew 29% in constant currency. Our overall business did remarkably well considering the pandemic, but our results would have been even better except for customers in the hardest-hit industries that we serve such as hospitality, retail, and transportation postponing some of their purchases. Still, for the third year in a row, we delivered double-digit constant currency earnings per share growth in FY20."
"In Q4, we launched a vastly improved version of our Exadata Cloud@Customer service," said Oracle Chairman and CTO, Larry Ellison. "Exadata Cloud@Customer now enables our existing on-premise database customers to run the Oracle Autonomous Database in their own datacenter; previously, the Oracle Autonomous Database was only available in Oracle's Gen2 Public Cloud. Enabling all our on-premise database customers to upgrade and run Oracle's latest and best database technology in their own data center should dramatically accelerate the rate of adoption of the Oracle Autonomous Database…especially by our largest customers including banks and governments that are not currently planning to move their largest and most critical systems to a public cloud."
For earnings history and earnings-related data on Oracle (ORCL) click here.
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