The partnership with Microsoft (NYSE: MSFT) is expected to benefit both companies in the enterprise cloud market. The weakness in the hardware and services segments, which have been ongoing for the past two quarters, are likely to dampen results in the to-be-reported quarter.
In the fourth quarter of 2019, revenue and earnings topped estimates. Revenue rose 1% to $11.1 billion while adjusted EPS jumped 23% to $1.16. The topline numbers benefited from strength in the Fusion and NetSuite cloud applications.
Also see: Oracle Q4 2019 Earnings Conference Call Transcript
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Revenues increased 12% in the cloud license and on-premise
license segment while they remained flat in cloud services and license support.
Revenues declined in the hardware and services segments. In terms of geography,
in the Americas and Asia-Pacific, Oracle saw single-digit revenue increases
while in EMEA, revenues declined.
Oracle’s shares have gained 20% thus far this year. The stock was up 1.7% in mid-day trade on Monday.