Oracle (ORCL) earnings Q1 2021

Shares of Oracle rose as much as 6% in extended trading on Thursday after the software maker’s report Financial first quarter earnings And a quarterly guide that was better than analysts expected.

Here’s how the company introduced:

• Income: According to Refinitive, analysts expected 93 cents per share, adjusted, vs. 86 cents per share.
• Income: According to Refinitive, analysts expect 9.37 billion, compared to 9. 9.19 billion.

Revenue rose 2% year-on-year in the quarter, compared to 31st August, which ended on 31st August. 6.3% reduction In the previous period. Business was “temporarily disrupted” by the coronavirus epidemic, Safara Katz told analysts at a conference call on Thursday.

In Oracle’s cloud services and license support segment, which generates the most revenue, sales above analysts’ consensus among analysts suggested by Factset rose 2% to 9 6.95 billion, above consensus of 6. 6.93 billion. Oracle approached McDonald’s and Zacktley’s new cloud business.

The cloud license and prem non-premise license segment came in at 9 9 million કરતાં million and% 9 million million more than the consensus estimate of 9 9 million.

Oracle in the quarter Announced Operated cloud areas of data center equipment and services that can be located in customers’ data centers for a monthly fee. And President in August Trump said the oracle could “handle” Part of the video sharing app ticket ok.

The comments came after CNBC reported it Oracle was in the discussion To obtain a ticket ok from Chinese company ByteDance to US, Canada, Australia, Australia and New Zealand operations. Microsoft is also discussing a possible ticket deal. Katz told analysts not to ask about the ticket ok on the call.

“While the customer-centric, short-form mobile video application seems to be far removed from Racel’s enterprise software business, Oracle’s billionaire founder and chairman Larry Ellison has a history of opportunistic acquisitions – especially when he feels wealth is underdeveloped or Gives Oracle, “Patrick Vararavens and JMP’s Good Goodwins wrote an article on August 19.” They have the equivalent of a hold rating on the stock.

Examples include when Oracle acquired Sun Microsystems in 2009 and in employee terms, when Mr. Ellis was appointed former HP CEO. Mark Herd As co-chair a month after Mr Herd was forced to resign by HP’s board of directors, “analysts wrote.

Considering the guidance for the second quarter of the financial year, the rack will see adjusted earnings per share from 98 cents to 1.02 per share and revenue growth of 1% to 3%. Analysts surveyed by Refinitive were looking for adjents cents and આવક 5.5 billion of revenue per share, showing almost no revenue growth. The company has not issued year-round guidance.

Shares of Oracle have risen about 8% since the beginning of the year, while the S&P 500 index has risen about 3%.

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See: Cara Switzer: I won’t count rack reckoning in a ticket deal