{"id":591095,"date":"2022-06-15T09:33:30","date_gmt":"2022-06-14T23:33:30","guid":{"rendered":"https:\/\/www.gomarkets.com\/?p=591095"},"modified":"2023-09-01T09:54:51","modified_gmt":"2023-08-31T23:54:51","slug":"oracle-beats-estimates","status":"publish","type":"post","link":"https:\/\/www.tradewithgo.com\/en-svg\/articles\/shares-and-indices\/oracle-beats-estimates\/","title":{"rendered":"Oracle beats estimates"},"content":{"rendered":"<p>Oracle Corporation (ORCL) reported its latest financial after the closing bell in the US on Monday. The company beat both revenue and earnings per share estimates, sending the stock price higher.<\/p>\n<p>The US software and hardware manufacturer reported revenue of $11.84 billion for the quarter (up by 5% year-over-year and up 10% in constant currency) vs. $11.61 billion expected.<\/p>\n<p>Earnings per share reported at $1.54 per share vs. $1.37 per share estimate.<\/p>\n<p>&#8221;We continued to improve our top line results again this quarter with total revenue growing 10% in constant currency,&#8221; Oracle CEO, Safra Catz commented on the latest results after the announcement.<\/p>\n<p>&#8221;These consistent increases in our quarterly revenue growth rate typically have been driven by our market leading Fusion and NetSuite cloud applications. But this Q4, we also experienced a major increase in demand in our infrastructure cloud business\u2014which grew 39% in constant currency. We believe that this revenue growth spike indicates that our infrastructure business has now entered a hyper-growth phase. Couple a high growth rate in our cloud infrastructure business with the newly acquired Cerner applications business\u2014and Oracle finds itself in position to deliver stellar revenue growth over the next several quarters,&#8221; Catz concluded.<\/p>\n<p><strong>Oracle Corporation (ORCL) chart<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-271697 size-full\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2022\/06\/Oracle.png\" alt=\"\" width=\"855\" height=\"480\" \/><\/p>\n<p>Share price of Oracle was up by over 10% on Tuesday after the latest earnings beat, trading at $70.71 per share.<\/p>\n<p>Here is how the stock has performed in the past year:<\/p>\n<ul>\n<li>1 Month -1.61%<\/li>\n<li>3 Month -12.26%<\/li>\n<li>Year-to-date -18.91%<\/li>\n<li>1 Year -13.38%<\/li>\n<\/ul>\n<p><strong>Oracle price targets<\/strong><\/p>\n<ul>\n<li>Jefferies $80<\/li>\n<li>JP Morgan $82<\/li>\n<li>BMO Capital $86<\/li>\n<li>Stifel $72<\/li>\n<li>Cowen &amp; Co. $98<\/li>\n<li>Morgan Stanley $88<\/li>\n<\/ul>\n<p>Oracle Corporation is the 45<sup>th<\/sup> largest company in the world with a market cap of $197.79 billion.<\/p>\n<p>You can trade Oracle Corporation (ORCL) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.<\/p>\n<p>Sources: Oracle Corporation, TradingView, MarketWatch, Benzinga, CompaniesMarketCap<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oracle Corporation (ORCL) reported its latest financial after the closing bell in the US on Monday. The company beat both revenue and earnings per share estimates, sending the stock price higher. The US software and hardware manufacturer reported revenue of $11.84 billion for the quarter (up by 5% year-over-year and up 10% in constant currency) [&hellip;]<\/p>\n","protected":false},"author":50,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4288],"tags":[],"class_list":["post-591095","post","type-post","status-publish","format-standard","hentry","category-shares-and-indices"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oracle beats estimates - GO Markets<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oracle beats estimates - GO Markets\" \/>\n<meta property=\"og:description\" content=\"Oracle Corporation (ORCL) reported its latest financial after the closing bell in the US on Monday. The company beat both revenue and earnings per share estimates, sending the stock price higher. The US software and hardware manufacturer reported revenue of $11.84 billion for the quarter (up by 5% year-over-year and up 10% in constant currency) [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tradewithgo.com\/en-svg\/articles\/shares-and-indices\/oracle-beats-estimates\/\" \/>\n<meta property=\"og:site_name\" content=\"GO Markets\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-14T23:33:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-31T23:54:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2022\/06\/Oracle.png\" \/>\n<meta name=\"author\" content=\"Klavs Valters\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Klavs Valters\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.tradewithgo.com\/en-svg\/articles\/shares-and-indices\/oracle-beats-estimates\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradewithgo.com\/en-svg\/articles\/shares-and-indices\/oracle-beats-estimates\/\"},\"author\":{\"name\":\"Klavs Valters\",\"@id\":\"https:\/\/www.tradewithgo.com\/vi\/#\/schema\/person\/d7893f5873c97083961a8fe77dfe3291\"},\"headline\":\"Oracle beats estimates\",\"datePublished\":\"2022-06-14T23:33:30+00:00\",\"dateModified\":\"2023-08-31T23:54:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.tradewithgo.com\/en-svg\/articles\/shares-and-indices\/oracle-beats-estimates\/\"},\"wordCount\":299,\"publisher\":{\"@id\":\"https:\/\/www.tradewithgo.com\/vi\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.tradewithgo.com\/en-svg\/articles\/shares-and-indices\/oracle-beats-estimates\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2022\/06\/Oracle.png\",\"articleSection\":[\"Shares and Indices\"],\"inLanguage\":\"en-svg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tradewithgo.com\/en-svg\/articles\/shares-and-indices\/oracle-beats-estimates\/\",\"url\":\"https:\/\/www.tradewithgo.com\/en-svg\/articles\/shares-and-indices\/oracle-beats-estimates\/\",\"name\":\"Oracle beats estimates - 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The company beat both revenue and earnings per share estimates, sending the stock price higher. The US software and hardware manufacturer reported revenue of $11.84 billion for the quarter (up by 5% year-over-year and up 10% in constant currency) ","link":"https:\/\/www.tradewithgo.com\/en-svg\/articles\/shares-and-indices\/are-etfs-really-passive\/","type":"next","category":"shares-and-indices"},"previous":{"id":589278,"slug":"aud-usd-finds-new-buyers-at-the-0-70-price-mark","title":"AUD\/USD finds new buyers at the 0.70 price mark","date":"2022-06-14 10:19:49","excerpt":"Oracle Corporation (ORCL) reported its latest financial after the closing bell in the US on Monday. The company beat both revenue and earnings per share estimates, sending the stock price higher. The US software and hardware manufacturer reported revenue of $11.84 billion for the quarter (up by 5% year-over-year and up 10% in constant currency) ","link":"https:\/\/www.tradewithgo.com\/en-svg\/articles\/forex-trading\/aud-usd-finds-new-buyers-at-the-0-70-price-mark\/","type":"previous","category":"forex-trading"},"category":{"slug":"shares-and-indices"},"_links":{"self":[{"href":"https:\/\/www.tradewithgo.com\/en-svg\/wp-json\/wp\/v2\/posts\/591095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tradewithgo.com\/en-svg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tradewithgo.com\/en-svg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tradewithgo.com\/en-svg\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tradewithgo.com\/en-svg\/wp-json\/wp\/v2\/comments?post=591095"}],"version-history":[{"count":0,"href":"https:\/\/www.tradewithgo.com\/en-svg\/wp-json\/wp\/v2\/posts\/591095\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.tradewithgo.com\/en-svg\/wp-json\/wp\/v2\/media?parent=591095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tradewithgo.com\/en-svg\/wp-json\/wp\/v2\/categories?post=591095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tradewithgo.com\/en-svg\/wp-json\/wp\/v2\/tags?post=591095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}