Oracle’s fiscal third-quarter results showed a revenue increase of 5% year-over-year, reaching $12.4 billion. Despite this growth, the company’s earnings per share of $1.22 fell short of the expected $1.27. However, Oracle’s cloud infrastructure and bookings provided a silver lining. The company’s cloud services and license support segment, which includes its cloud infrastructure, grew by 12% to $9.15 billion. This segment now accounts for 74% of Oracle’s total revenue. Additionally, Oracle’s bookings, an indicator of future revenue, were strong, with the company reporting a 29% increase in cloud infrastructure bookings. This performance led several Wall Street firms to maintain a positive outlook on Oracle’s stock, focusing on the potential for future growth in cloud services.
App Economy Insights
@EconomyApp
ยท
Jun 11, 2024 $ORCL Oracle Q4 FY24 (ending in May).CEO Safra Catz:“In Q3 and Q4, Oracle signed the largest sales contracts in our historyโdriven by enormous demand for training AI large language models in the Oracle Cloud.”โข RPO +44% Y/Y to $98B.
โข Revenue +3% Y/Y to $14.3B ($0.3B
Bob Evans
@bobevansIT
ยท
Mar 10 ORACLE Q3 RESULTS TODAY: Each of last 2 quarters,
@Oracle
CEO #SafraCatz has announced #RPO up about 50% to almost $100Bโexpect more of same even as prior RPO starts converting to higher #revenue growth.Read more news on the #CloudWars Top 10 โ https://cloudwars.com/cloud-wars-top-10/โฆ
AlphaSense
@AlphaSenseInc
ยท
19h $ORCL Earnings:– Q3 Remaining Performance Obligations $130 billion, up 62% in USD & up 63% in constant currency
– Q3 GAAP Earnings per Share up 20% to $1.02, Non-GAAP Earnings per Share up 4% to $1.47
– Q3 Total Revenue $14.1 billion, up 6% in USD and up 8% in constant currency
The Transcript
@TheTranscript_
ยท
19h Oracle CEO: “Oracle signed sales contracts for more than $48 billion in Q3. This record sales number pushed our Remaining Performance Obligations, or RPO, up 63% to over $130 billion”$ORCL: +0.4% AH
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
