Oracle

The following is a summary of the Oracle Corporation (ORCL) Q3 2024 Earnings Call Transcript: Financial Performance: Oracle reported Q3 revenue of $13.3 billion, a 7% increase, with EPS standing at $1.41. Cloud revenue grew by 26% reaching $4.4 billion. Cloud services and license support revenue reported at $10 billion, a rise of 11%. Gross margin for Cloud Services and License Support was at 77%, with non-GAAP operating income increasing by 12% at $5.8 billion. Free cash flow escalated by 68% to $12.3 billion. Short term deferred revenue balance stood at $8.9 billion, a 4% increase. Oracle repurchased 4 million shares totalling $450 million. Business Progress: Oracle Cloud Infrastructure (OCI) is becoming the central growth driver. The company has embedded AI capabilities throughout Fusion, Industry Cloud applications, and autonomous databases, widening their multi-cloud offerings. Increased investment in cloud infrastructure with expected CapEx between $7 billion to $7.5 billion for the […]

New logistics capabilities in Oracle Cloud SCM help customers increase visibility, reduce costs, automate compliance, and improve decision-making MUMBAI, India, Feb. 13, 2024 /PRNewswire/ — Oracle CloudWorld — To help organizations increase the efficiency of global supply chains, Oracle is introducing new logistics capabilities within Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). The updates to Oracle Transportation Management and Oracle Global Trade Management, part of Oracle Cloud SCM, will help customers optimize logistics operations by increasing visibility, reducing costs, automating regulatory compliance, and improving decision-making. Organizations are facing significant supply chain challenges – from component shortages to disrupted shipping routes, ever-changing global trade agreements, and volatile customer demand. To quickly adapt their supply chains to the changing global business environment, logistics professionals need agile and efficient processes that can help them successfully navigate regulatory compliance, reduce the likelihood of trade bottlenecks, and mitigate the impact of on-going shipping disruptions. “The last few years

By Eric J. Savitz Analysts Ari Terjanian and Max Lenhardt write in a research note that checks with Oracle partners found demand has improved relative to the company’s fiscal second quarter ended in November. The analysts also see a pickup in new business signings, in particular for artificial-intelligence customers and for the company’s Oracle Cloud Infrastructure unit generally. “We believe ORCL has seen some improvement in AI signings, potentially tied to improved supply availability,” they write. The Cleveland analysts also report that Oracle partners are adding staff to their practices, tied to a growing backlog of related work and expectations for improving end demand, with Oracle continuing to take market share both in enterprise apps and in the cloud. Oracle is also seeing a pickup in signings tied to the company’s recently expanded partnership with Microsoft, Terjanian and Lenhardt add. In December, Oracle announced the availability of its database software

Oracle (NYSE:ORCL) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/02/2024 17.14% Piper Sandler $125 → $122 Maintains Overweight 12/22/2023 — Erste Group Downgrades Buy → Hold 12/12/2023 1.78% Morgan Stanley $107 → $106 Maintains Equal-Weight 12/12/2023 24.82% Evercore ISI Group $135 → $130 Maintains Outperform 12/12/2023 24.82% Wolfe Research $140 → $130 Maintains Outperform 12/12/2023 20.98% BMO Capital $130 → $126 Maintains Market Perform 12/12/2023 20.02% UBS $135 → $125 Maintains Buy 12/12/2023 20.02% Piper Sandler $130 → $125 Maintains Overweight 11/13/2023 — Edward Jones Upgrades Hold → Buy 10/23/2023 2.74% Morgan Stanley $106 → $107 Maintains Equal-Weight 10/09/2023 29.62% Evercore ISI Group $131 → $135 Upgrades In-Line → Outperform 09/25/2023 24.82% BMO Capital $132 → $130 Maintains Market Perform 09/22/2023 44.02% Guggenheim → $150 Reiterates Buy → Buy 09/22/2023 24.82% Piper Sandler → $130 Reiterates Overweight → Overweight 09/21/2023 5.62%

Piper Sandler analyst Brent Bracelin maintains Oracle (NYSE:ORCL) with a Overweight and lowers the price target from $125 to $122.

Oracle (NYSE:ORCL) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/22/2023 — Erste Group Downgrades Buy → Hold 12/12/2023 0.41% Morgan Stanley $107 → $106 Maintains Equal-Weight 12/12/2023 23.14% Evercore ISI Group $135 → $130 Maintains Outperform 12/12/2023 23.14% Wolfe Research $140 → $130 Maintains Outperform 12/12/2023 19.35% BMO Capital $130 → $126 Maintains Market Perform 12/12/2023 18.4% UBS $135 → $125 Maintains Buy 12/12/2023 18.4% Piper Sandler $130 → $125 Maintains Overweight 11/13/2023 — Edward Jones Upgrades Hold → Buy 10/23/2023 1.35% Morgan Stanley $106 → $107 Maintains Equal-Weight 10/09/2023 27.88% Evercore ISI Group $131 → $135 Upgrades In-Line → Outperform 09/25/2023 23.14% BMO Capital $132 → $130 Maintains Market Perform 09/22/2023 42.09% Guggenheim → $150 Reiterates Buy → Buy 09/22/2023 23.14% Piper Sandler → $130 Reiterates Overweight → Overweight 09/21/2023 4.2% Berenberg $82.5 → $110 Maintains Hold 09/19/2023 42.09% Mizuho

Oracle (NYSE:ORCL) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/12/2023 18.37% Piper Sandler $130 → $125 Maintains Overweight 11/13/2023 — Edward Jones Upgrades Hold → Buy 10/23/2023 1.33% Morgan Stanley $106 → $107 Maintains Equal-Weight 10/09/2023 27.84% Evercore ISI Group $131 → $135 Upgrades In-Line → Outperform 09/25/2023 23.11% BMO Capital $132 → $130 Maintains Market Perform 09/22/2023 42.05% Guggenheim → $150 Reiterates Buy → Buy 09/22/2023 23.11% Piper Sandler → $130 Reiterates Overweight → Overweight 09/21/2023 4.17% Berenberg $82.5 → $110 Maintains Hold 09/19/2023 42.05% Mizuho $150 → $150 Maintains Buy 09/15/2023 36.36% HSBC → $144 Initiates Coverage On → Buy 09/14/2023 18.37% DZ Bank → $125 Upgrades Hold → Buy 09/13/2023 13.64% Citigroup $138 → $120 Maintains Neutral 09/13/2023 -5.3% JP Morgan $112 → $100 Downgrades Overweight → Neutral 09/12/2023 -1.52% DA Davidson $115 → $104 Maintains Neutral 09/12/2023 39.2%

Oracle’s (ORCL) cloud expansion falls short again, highlighting the dependency on migration efforts, BofA Securities said in a note. “Oracle reported disappointing Q2 results, marked by a shortfall to revenue versus consensus estimates,” BofA Securities said. The company’s cloud revenue increased by 24% year-over-year on a constant currency basis, which, though positive, fell short of the guidance. However, despite the revenue shortfall, Oracle managed to exceed expectations in terms of profitability, reporting pro forma EPS that exceeded predictions, the note said. BofA Securities said that Software as a service, or SaaS, and infrastructure as a service, or IaaS, growth slowed for Oracle, especially as other cloud service providers are surpassing expectations. The shortfall to guidance raises concerns, suggesting reliance on customer migrations, from legacy on premise e-business suite, compared to new application growth, according to the note. “We are encouraged by demand signals from Microsoft in the new Oracle DB

Oracle’s (ORCL) fiscal second-quarter revenue miss came amid underperformance in license and certain key cloud assets, while the software maker’s third-quarter outlook lacks “meaningful” upside potential, Morgan Stanley said Tuesday. Late Monday, the company reported that its revenue rose 5% year over year to $12.94 billion in the quarter through Nov. 30, but fell short of the Capital IQ-polled consensus of $13.05 billion. Adjusted per-share earnings grew to $1.34 from $1.21 a year earlier, just above Wall Street’s $1.33 view. Oracle cloud infrastructure, or OCI, revenue growth slowed from first-quarter’s pace, while capital expenditures fell year over year, “disappointing even against a lower bar,” Morgan Stanley said in a note. “Management reasoned that a near-term focus on accommodating large deals had led to capacity constraints and some revenue slippage in smaller deals, while also creating increased lumpiness and execution risk in the forward model.” For its third quarter, the company

Oracle Announces Fiscal 2024 Second Quarter Financial Results AUSTIN, Texas, Dec. 11, 2023 — Q2 GAAP Earnings per Share $0.89, Non-GAAP Earnings per Share $1.34 — Q2 Total Revenue $12.9 billion, up 5% in USD, up 4% in constant currency — Q2 Total Remaining Performance Obligations over $65 billion — Q2 Cloud Revenue (IaaS plus SaaS) $4.8 billion, up 25% in USD, up 24% in constant currency — Q2 Cloud Infrastructure (IaaS) Revenue $1.6 billion, up 52% in USD, up 50% in constant currency — Q2 Cloud Application (SaaS) Revenue $3.2 billion, up 15% in USD, up 14% in constant currency — Q2 Fusion Cloud ERP (SaaS) Revenue $0.8 billion, up 21% in USD, up 19% in constant currency — Q2 NetSuite Cloud ERP (SaaS) Revenue $0.8 billion, up 21% in USD, up 20% in constant currency AUSTIN, Texas, Dec. 11, 2023 /PRNewswire/ — Oracle Corporation (NYSE: ORCL) today announced

Oracle (NYSE:ORCL) reported quarterly earnings of $1.34 per share which beat the analyst consensus estimate of $1.32 by 1.52 percent. This is a 10.74 percent increase over earnings of $1.21 per share from the same period last year. The company reported quarterly sales of $12.94 billion which missed the analyst consensus estimate of $13.05 billion by 0.82 percent. This is a 5.43 percent increase over sales of $12.28 billion the same period last year.

Oracle (ORCL) reported fiscal Q2 non-GAAP earnings Monday of $1.34 per diluted share, up from $1.21 a year earlier. Analysts polled by Capital IQ expected $1.33. Revenue for the quarter ended Nov. 30 was $12.94 billion, up from $12.28 billion a year earlier. Analysts surveyed by Capital IQ expected $13.05 billion. Oracle maintained a quarterly dividend of $0.40 a share, payable on Jan. 25 to shareholders as of Jan. 11.