Oracle: beats consensus in Q4
(CercleFinance.com) - On Tuesday evening, Oracle announced adjusted (non-GAAP) earnings of 4.
1 billion dollars for its fourth quarter of 2017-18, meaning EPS that is up 11% at 99 cents, while the consensus was only expecting 94 cents.
Revenues increased by 3% to 11.3 billion dollars, 1% above the consensus, driven by an 8% rise in license support revenue and cloud services, at 6.8 billion.
With adjusted EPS up 14% over the past year, the enterprise software publisher expects that its sales growth will enable it to report double-digit growth in 2018-19 adjusted EPS once again.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
1 billion dollars for its fourth quarter of 2017-18, meaning EPS that is up 11% at 99 cents, while the consensus was only expecting 94 cents.
Revenues increased by 3% to 11.3 billion dollars, 1% above the consensus, driven by an 8% rise in license support revenue and cloud services, at 6.8 billion.
With adjusted EPS up 14% over the past year, the enterprise software publisher expects that its sales growth will enable it to report double-digit growth in 2018-19 adjusted EPS once again.
Copyright (c) 2018 CercleFinance.com. All rights reserved.