Oracle Corp. (NYSE: ORCL) announced its third-quarter earnings on Thursday after the market closed. With a market capitalization of $203.969 billion and an average trading volume of 9.5 million shares, the company reported earnings for this quarter.
The Oracle (ORCL) stock closed at $76.65, with a gain of (+0.72)%, during the after-hours the stock slipped 5% due to the earnings announcement on Thursday.
- Revenue: $10.51 billion, vs. $10.51 billion as expected
- EPS: $1.13 per share adjusted, vs. $1.18 per share as expected
Financial Highlights
- Total Revenue $10.5 billion, up 4% and up 7% in constant currency
- Total Cloud Revenue (IaaS plus SaaS) of $2.8 billion, up 24% and up 26% in constant currency
- Fusion ERP Cloud Revenue up 33% and up 35% in constant currency
- NetSuite ERP Cloud Revenue up 27% and up 29% in constant currency
Oracle Corp. CEO’s Statement
In Q3, Oracle completed development of the multi-cloud version of our MySQL HeatWave open-source database. The MySQL HeatWave database is already running in the Oracle Gen2 Cloud. In a few weeks, MySQL HeatWave will also
said Oracle Chairman and CTO, Larry Ellison
be available in the Amazon Cloud and the Microsoft Azure Cloud. MySQL HeatWave was designed to compete with Amazon’s version of MySQL called Aurora, Snowflake and other popular cloud databases. What customer and database analysts are saying about Oracle’s new MySQL HeatWave database is simply astonishing.
Analysts’ Estimates
Analysts had estimated the earnings of ORCL to stand at $1.18 per share, while the revenue was expected to be $10.51 billion. The analysts’ total revenue estimate for the current year was $42.34 billion, while the earnings are predicted at $4.82 per share.
Oracle’s (ORCL) Earnings History
Oracle Corp. (ORCL) has beaten the estimates constantly. The company reported a revenue of $10.36 billion in Q2 while the EPS stood at $1.21 against the expected EPS of $1.11, giving a surprise of 9.00%. The company reported a net loss of $1.25 billion.
In the first quarter, the company beat the EPS by a margin of 6.20%.
Forecast
For the next quarter, the analysts expect the earnings to stand at $1.38, while the revenue would be $11.76 billion.
