Recap: Oracle Q1 Earnings

Shares of Oracle ORCL moved higher by 3.36% after the company reported Q1 results.

Quarterly Results

Earnings per share were up 14.81% year over year to $0.93, which beat the estimate of $0.86.

Revenue of $9,368,000,000 up by 1.63% year over year, which beat the estimate of $9,190,000,000.

Outlook

Oracle hasn't issued any earnings guidance for the time being.

Oracle hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Sep 10, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.oracle.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2628514&sessionid=1&key=90E94405277570B3B14610892CAB49A4&regTag=&sourcepage=register

Technicals

52-week high: $59.32

52-week low: $39.71

Price action over last quarter: Up 10.66%

Company Profile

Oracle sells a wide range of enterprise IT solutions, including databases, middleware, applications, and hardware. The firm is undergoing a mix shift toward cloud-based subscriptions that should necessitate continued heavy investment in the business model transition. Oracle offers software-as-a-service, platform-as-a-service, and infrastructure-as-a-service offerings. Legacy offerings include Oracle Database software and Oracle Fusion Middleware.