Oracle Corporation (NYSE: ORCL) is scheduled to report first quarter 2020 earnings results on Thursday, September 12, after the closing bell. Analysts estimate earnings to increase 16% to $0.81 per share and revenue to inch up by 1% to $9.29 billion.
Oracle is expected to benefit from the increasing adoption of its cloud-based applications which will help drive revenue and margins. The company has added new features to its services which is also likely to bode well for growth.
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
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.
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,