Oracle (ORCL) Tops Q4 EPS by 5c

June 19, 2018 4:03 PM EDT

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Oracle (NYSE: ORCL) reported Q4 EPS of $0.99, $0.05 better than the analyst estimate of $0.94. Revenue for the quarter came in at $11.3 billion versus the consensus estimate of $11.19 billion.

"Last year, I forecast double-digit non-GAAP earnings per share growth for FY18 and we delivered 14% growth this year, largely driven by strong growth in our cloud businesses," said Oracle CEO, Safra Catz. "Looking ahead to FY19, I expect revenue growth will enable us to deliver double-digit non-GAAP earnings per share growth once again."

"We had a great fourth quarter with total revenues more than $200 million above our constant currency forecast," said Oracle CEO, Mark Hurd. "Our strategic Fusion ERP and HCM SaaS cloud applications suite revenues grew over 50% in the fourth quarter, and we expect continued strong growth from our Fusion SaaS suites throughout FY19."

"Some of our largest customers have now begun the process of moving their on-premise Oracle databases to the Oracle Cloud," said Oracle Chairman and CTO, Larry Ellison. "For example, AT&T is moving thousands of databases and tens of thousands of terabytes of data into the Oracle Cloud. We think that these large scale migrations of Oracle database to the cloud will drive our PaaS and IaaS businesses throughout FY19."

For earnings history and earnings-related data on Oracle (ORCL) click here.

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