Oracle: Q1 beats consensus
(CercleFinance.com) - On Thursday evening Oracle unveiled Q1 2020-21 adjusted net income that is up 4% at 2.
9 billion dollars, meaning EPS that is up 15% at 93 cents, beating the consensus by seven cents.
The software publisher achieved an adjusted operating margin of 45% for revenue that is up 2% at 9.4 billion dollars, driven by the rapid growth of cloud application activities (+33% for FusionERP and +23% for NetSuiteERP).
"We now have 7,300 Fusion ERP customers and 23,000 NetSuite ERP customers in the Oracle Cloud. Our infrastructure businesses are also growing rapidly as revenue from Zoom more than doubled from Q4 last year to Q1 in this year. I have a high level of confidence that our revenue will accelerate as we move on past COVID-19".
Copyright (c) 2020 CercleFinance.com. All rights reserved.
9 billion dollars, meaning EPS that is up 15% at 93 cents, beating the consensus by seven cents.
The software publisher achieved an adjusted operating margin of 45% for revenue that is up 2% at 9.4 billion dollars, driven by the rapid growth of cloud application activities (+33% for FusionERP and +23% for NetSuiteERP).
"We now have 7,300 Fusion ERP customers and 23,000 NetSuite ERP customers in the Oracle Cloud. Our infrastructure businesses are also growing rapidly as revenue from Zoom more than doubled from Q4 last year to Q1 in this year. I have a high level of confidence that our revenue will accelerate as we move on past COVID-19".
Copyright (c) 2020 CercleFinance.com. All rights reserved.