Oracle Stock Down 50% Despite 30% Revenue Surge and $664 Billion Backlog

EarningsAnalyst Impact 4
โดย The Motley Fool·US·Read original
Summary · why it matters

Oracle reported fiscal first-quarter revenue that soared 30% to $19.35 billion, topping the $19.14 billion analyst consensus compiled by LSEG, while adjusted earnings per share climbed 30% to $1.92 against a $1.74 consensus. Cloud revenue jumped 62% to $11.6 billion, with cloud infrastructure revenue surging 121% to $7.4 billion and cloud application revenue rising 10% to $4.2 billion, while software segment revenue fell 3% to $5.6 billion. The company carries $664 billion in remaining performance obligations, up $209 billion year over year and $26 billion sequentially, and forecast capital expenditures of $90 billion to $95 billion this year, with net cash capex at $70 billion or below. Oracle raised its full-year fiscal guidance to adjusted earnings per share of $8.10 on revenue of at least $90 billion, up from $8.05 on $90 billion, and guided fiscal third-quarter revenue growth of 30% to 34%, cloud revenue growth of 65% to 71%, and adjusted earnings per share of $1.85 to $1.93. The stock is down around 50% over the past year as investors fret more about capex spending than growth, and the company ended the quarter with $125.3 billion in debt against $37.1 billion in cash and marketable securities.

Impact on stocks 2

Cloud & Digital Infrastructure▲ · 1 stocks
Oracle Corporation
ORCL
▲ PositiveCapitalrelevance

Oracle beat Q1 revenue and EPS estimates, raised full-year guidance, and reported a $664 billion backlog despite the stock's 50% decline.

Artificial Intelligence▲ · 1 stocks

Theme Impact 8

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