Oracle Stock Rose on Q4 Earnings and Revenue Beat



Oracle stock rose 4.54% after hours

The stock of software and cloud services giant Oracle (ORCL) rose as much as 7% and ended the day up 4.54% in extended trading on June 19 after reporting better-than-expected fiscal 2019 fourth-quarter earnings results. Oracle easily exceeded Wall Street’s expectations on both the earnings and revenue fronts in the quarter driven by growth in its cloud application revenue.

Oracle stock fell 0.42% to $52.68 on June 19, but it’s gained nearly 18% year-to-date. In the software industry, Oracle’s peers Symantec, IBM, and Microsoft have gained ~7%, 23.5%, and 34.2%, respectively, in the same period.

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Oracle’s fourth-quarter results in brief

Oracle reported adjusted EPS of $1.16 in the fourth quarter. Its EPS beat analysts’ expectation of $1.07 by 8.4% and its previous year’s EPS by 22.1%. Oracle’s quarterly earnings results have exceeded the consensus estimates for the past ten consecutive quarters.

Oracle’s revenue of $11.14 billion also beat analysts’ expectation of $10.93 billion by 1.9% in the quarter. Oracle has surpassed analysts’ revenue expectations in 12 out the last 19 quarters. Further, its revenue rose 1% compared to the previous year’s quarter, exceeding its expectations of flat to -2% growth YoY (year-over-year). Excluding currency headwinds, Oracle’s revenue rose 4% YoY in the fourth quarter.


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