- Oracle’s adjusted revenue for Q4 was $14.29 billion, up by 3.3% year-over-year but fell short of the $14.57 billion estimate.
- The adjusted earnings per share (EPS) was $1.63, compared to $1.67 from the previous year and estimated at $1.65.
- Cloud services and license support revenue reached $10.23 billion, marking a 9.2% year-over-year increase and exceeding the $10.2 billion estimate.
- Cloud license and on-premise license revenue was $1.84 billion, which is a 15% decline year-over-year and missed the $2.09 billion estimate.
- Hardware revenue was $842 million, a slight decrease of 0.9% year-over-year but exceeded the $796.3 million estimate.
- Service revenue stood at $1.37 billion, down 6.3% year-over-year and below the $1.4 billion estimate.
- Adjusted operating income was $6.67 billion, up by 8.3% year-over-year and surpassed the $6.65 billion estimate.
- The adjusted operating margin improved to 47% from 44% year-over-year, beating the 45.5% estimate.
- Oracle expects strong AI demand to drive sales and result in double-digit revenue growth for fiscal year 2025.
- Analyst ratings: 21 buys, 15 holds, 1 sell.
Oracle Corp on Smartkarma
Analyst coverage of Oracle Corp on Smartkarma reveals a positive outlook from Baptista Research. In their report titled “Oracle Corporation: How Long Will The Cloud Revenue Growth Last? – Major Drivers,” Oracle’s strong performance in the third quarter of fiscal year 2024 is highlighted, with revenue meeting expectations and EPS surpassing guidance. The report emphasizes the importance of closely monitoring potential future performance and risks, particularly focusing on Oracle Cloud Infrastructure (OCI) as the primary driver for the company’s revenue acceleration.
Another report by Baptista Research, “Oracle Corporation: Will The Expansion In Application Subscription Revenues Last? – Major Drivers,” emphasizes a predominantly positive outlook for Oracle. With CEO Safra Catz noting excellent quarterly performance, the report highlights the significance of the infrastructure cloud business (OCI) in propelling the company’s revenue growth rate. Despite some mixed results in the previous quarter, Oracle’s strategic focus on cloud services and license support continues to show strong growth, reaffirming positive projections for the future.
A look at Oracle Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Oracle Corporation, a leading supplier of enterprise software solutions, has received varying Smartkarma Smart Scores across different categories. While the company’s Value and Dividend scores currently stand at a moderate level of 2, indicating average performance in these areas, Oracle shines with a solid Growth score of 3. This suggests a promising outlook for expansion and development in the long term.
In terms of resiliency, Oracle received a score of 2, showing a moderate level of stability. However, the company excels in Momentum with a high score of 5, pointing towards strong investor interest and positive market sentiment. Considering Oracle’s diverse product offerings and broad range of software applications, the company’s outlook remains optimistic for sustained growth and market momentum in the foreseeable future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
