Tag Archives: orcl

Oracle Earnings ‘Tough Pill To Swallow,’ Analyst Says

Oracle’s (ORCL) fiscal Q4 earnings were not what investors had hoped, analysts say, but they see a ray of sunshine in improved cloud momentum. RBC Capital Markets analysts Ross MacMillan and Matthew Hedberg said in a research report Thursday that it’s “never easy to defend a revenue and EPS miss and guide lower, but we believe it’s happening for the right reasons as cloud bookings and billings accelerate.” RBC lowered its price target on Oracle

Oracle Q4 Earnings Miss Amid Transition To Cloud

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,

Oracle Cloud Transition Could Improve In Q4

Oracle’s (ORCL) transition pains to the cloud might not be as bad as expected when the enterprise software maker reports its fiscal fourth-quarter earnings after the market close Wednesday. The database leader could produce better results for the just-completed quarter as the company transitions its software business to the cloud, where it can better compete with fast-growing rivals Salesforce.com (CRM) and Workday (WDAY), which last month gave