Oracle issues in-line guidance; shares -6.8% AH

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

Oracle (ORCL) expects FQ1 revenue growth of 4%-6% Y/Y, and EPS of $0.62-$0.66. That's in-line with a consensus of 4.8% growth and $0.64.

New software license/cloud revenue is expected to be up 6%-8% Y/Y, an improvement from FQ4 and driven by an expected 25%-35% increase in SaaS/PaaS revenue. Hardware systems revenue is expected to see -1% to +3% growth.

CFO Safra Catz noted a $102M forex loss (Venezuela-related) pressured FQ4 EPS by $0.02.

FQ4 results, details