Oracle Q4 Earnings Miss Amid Transition To Cloud

By | June 17, 2015

Scalper1 News

Oracle late Wednesday posted fiscal Q4 results that missed analyst expectation as the strong dollar hurt, but executives touted “astonishing” cloud growth that they say outpaces that of cloud software rivals Salesforce.com and Workday. Oracle (ORCL) said earnings per share minus items fell 14% from the year-earlier quarter to 78 cents. Analysts polled by Thomson Reuters had expected 86 cents. EPS ex items would have fallen 5% in constant currency, Scalper1 News

Scalper1 News