Inside PVH Corp's Brilliant 4Q16 Performance
PVH Corp is covered by 16 analysts, who together have a neutral-to-positive view, rating the stock a 2.3 on a scale of 1 (strong buy) to 5 (strong sell).
In 4Q16, Calvin Klein accounted for 38% of PVH Corp’s (PVH) 4Q16 top line. The brand reported a 1.4% YoY decline in sales to $795 million.
Acquired by PVH Corp (PVH) in 2010, Tommy Hilfiger accounted for 44% of the company’s total 4Q16 sales. The brand’s business rose 2.9% YoY.
PVH Corp owns the famous Tommy Hilfiger and Calvin Klein brands and recorded a 0.2% decline in its top line, which stood at $2.1 billion during 4Q16.
PVH Corp beat estimates in both earnings and revenues for 4Q16, marking the 11th-straight earnings beat, though its EPS fell 19% YoY to $1.23.
On March 16, 2017, Oracle (ORCL) stock touched its all-time 52-week high of $46.
Oracle’s (ORCL) better-than-expected Cloud revenues led J.P. Morgan (JPM) to upgrade Oracle stock from “neutral” to “overweight.”
In fiscal 3Q17, Oracle’s (ORCL) cash reserves stood at ~$59.4 billion, and the company had ~$54.0 billion in debt.
Oracle’s (ORCL) SaaS and PaaS revenues grew 73% in fiscal 3Q17, indicating the successful transition of the company to the cloud.
Oracle (ORCL) has targeted the Asia-Pacific region, the Middle East, and North America to open more data centers in 2018.
The cloud is an extremely consolidated and competitive place where Amazon (AMZN), which has 40% market share, leads the pack.
In fiscal 3Q17, Oracle’s (ORCL) Hardware segment reported revenues of ~$1.0 billion, a 9.4% fall on a year-over-year basis.
Along with Google, Oracle (ORCL) reported the highest growth in the SaaS space.
Within its Software Licensing segment, Oracle’s new software licenses fell 15.8% to ~$1.4 billion in fiscal 3Q17.
Although Oracle (ORCL) isn’t included in the top five players in the cloud space, it considers Amazon Web Services to be its chief rival.
Oracle (ORCL) noted that 564 new customers had selected its ERP offerings (excluding NetSuite), 120 of which were expansions.
Oracle (ORCL) lowered the cost of its IaaS offerings to compete with its peers, especially Amazon.
Oracle’s (ORCL) better-than-expected Cloud revenues, driven by SaaS and PaaS, indicate that NetSuite’s addition to Oracle could be a profitable move.
Oracle’s (ORCL) new Software Licensing segment’s revenues declined in fiscal 3Q17, falling 15.8% to ~$1.4 billion.
Oracle (ORCL) announced its fiscal 3Q17 results on March 15, 2017. The tech giant reported revenues of ~$1.2 billion for its Cloud segment, an 85% increase on a year-over-year basis.