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Oracle beat top and bottom quarterly expectations

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Miguel A. Rodriguez
Miguel A. Rodriguez
16 June 2021
Despite surpassing EPS and revenue expectations, Oracle disappointed with the next quarter’s guidance

The computer technology corporation impressed analysts with its figures for its fiscal fourth-quarter 2021. Oracle posted an adjusted EPS of $1.54 on revenues of $11.23 billion. Both figures topped the $1.31 earnings-per-share and $1.04 billion previously touted.

Cloud services and license support accounted for more than half of Oracle’s total quarterly revenue, with figures coming in at $7.39 billion. At the same time, the cloud license and on-premises license segment reported a 9% increase to $2.14 billion.

Moreover, in the quarter, Oracle announced new public-cloud computing options that draw on Arm-based chips.

Regarding guidance, for the fiscal first quarter of 2022, the company called for an EPS between $0.94 - $0.98 and a 5% revenue growth. The company’s outlook is lower than expected, as it plans to increase capital expenditure to support the cloud computing workloads.

Since the beginning of the year, Oracle stock gained 26%, while USA500 added 13%.

Source: cnbc.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.