Oracle forecasts revenue growth of up to 21% for upcoming quarter

Oracle Corp. (NYSE: ORCL) projected total revenue growth of 18% to 20% in constant currency and 19% to 21% in USD for its upcoming quarter, according to company guidance.

The enterprise software company expects cloud revenue to increase 44% to 48% in constant currency and 46% to 50% in USD during the period.

Oracle forecasts non-GAAP earnings per share between $1.92 and $1.96 in constant currency, representing growth of 15% to 17%. In USD terms, the company expects earnings per share of $1.96 to $2.00, also reflecting 15% to 17% growth. Analyst consensus estimates fourth-quarter earnings per share at $1.92.

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