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Oracle's forecast miss overshadows cloud growth, shares fall
7 monthes ago - By Reuters
Oracle Corp's forecast for current-quarter profit missed analysts' expectations on Tuesday, hurt by a strengthening U.S. dollar, dampening its fourth-quarter earnings beat that was powered by growth in its cloud business.
Read more ...Oracle stock is soaring following a major earnings beat
7 monthes ago - By Business Insider
Oracle shares shot up 4% in after-hours trading Tuesday, following a major beat for the company in its fourth quarter 2018 earnings.
"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."
Here's what Oracle reported:
Revenue for the quarter : Oracle reported $11.26 billion, up 3% from the year before, which...
Read more ...Oracle stock is soaring following a major earnings beat
7 monthes ago - By Business Insider
Oracle shares shot up 4% in after-hours trading Tuesday, following a major beat for the company in its fourth quarter 2018 earnings.
Here's what Oracle reported:
Revenue for the quarter : Oracle reported $11.26 billion, which beat analysts' expectations of $11.19 billion.
Earnings per share for the quarter : Oracle reported $0.99, which beat analysts' expectations of $0.94.
Read more ...
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