Oracle (ORCL – Analyst Report) Corporation is one of the world’s largest suppliers of software for information management. Trading was pretty steady today, suggesting that investors were neutral on Oracle’s Q1 earnings report.
Our consensus estimate has been decreasing over the last 90 days. About 3 months ago, our EPS consensus estimated EPS of $0.57 this quarter. Now, our EPS consensus for this quarter’s results stands at $0.48.
Oracle recently upgraded to a Zacks Rank #3 (Hold). Just last week, it was a Zacks Rank #4 (Sell).
Earnings: Oracle beat our EPS consensus of $0.48, and actually posted adjusted EPS of $0.49 for the quarter.
Revenues: Revenues came in at $8.448 billion, which missed on our revenues consensus of $8.511 billion.
Key stats: Cloud revenues were 29% higher than they were this same quarter last year. Oracle’s bread and butter for revenues, its On-Premise Software Revenues, decreased by a whopping 4% compared to this same quarter last year. This is the largest segment of their revenues, and it only brought in $5.847 billion in sales this quarter.
Stock price: Shares opened up at $38.28 and were valued at $38.29 by the closing bell. Shares dipped as low as $37.50 in after hours, but have recovered. ORCL stock is now trading in a range similar to what we saw earlier today.
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