Seeking Alpha

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

  • 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
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