Oracle issues in-line guidance; shares -4% AH

|About: Oracle Corporation (ORCL)|By:, SA News Editor

Oracle (ORCL) guides on its FQ3 CC for FQ4 revenue growth of 3%-7% and EPS of $0.92-$0.99, in-line with a consensus for 5.1% growth and EPS of $0.96.

New software license/cloud subscription sales are expected to grow 0%-10% vs. 4% in FQ3. Hardware product sales are also expected to grow 0%-10%; FQ3 growth was 8%.

Asia-Pac remains a weak spot for Oracle: Sales fell 6% Y/Y in FQ3 to $1.43B. But Americas sales rose 5% to $4.95B, and EMEA sales 6% to $2.92B.

Excluding forex, cloud software subscription sales (boosted by acquisitions) rose 25% Y/Y, and engineered system sales rose 30%.

Shares have slightly pared their AH losses.

FQ3 results, details