Earnings Reports

Google Ad

Software giant Oracle reported better than expected second quarter earnings but misses on Cloud infrastructure and platform revenue and lowered guidance has seen the stock $ORCL fall 4.5% on Friday. This followed lowered guidance in Q1. $ORCL is in a battle with $AMZN, $MSFT and $GOOGL for the Cloud segment.

Oracle Cloud


  • Excluding certain items, 70 cents in earnings per share vs. 68 cents expected according to Thomson Reuters.
  • Revenue was $9.62 billion vs. $9.57 billion expected according to Thomson Reuters.


Oracle Corporation NYSE: $ORCL Pre-market 47.97 -2.22 (-4.42%)

Cloud Segment

Oracle's Cloud revenue makes up 16% of the company's overall revenue at $1.5Bil, up 44% YoY. Of that sum, $1.1Bil was attributed to Software as a Service and $396MM to Platform- and Infrastructure-as-a-Service, up 55% and 21%, respectively.

Preview of Bite Image


  • Oracle is expecting 68-70 cents in earnings per share, excluding certain items.
  • $ORCL see 2-4 percent revenue growth in constant currency .

Analysts had projected 72 cents in earnings per share, excluding certain items, on $9.68 billion in revenue, according to Thomson Reuters.

Source: Oracle, Alpha Street

Live From The Pit

Log in to comment
Discuss this article in the forums (8 replies).