- Company News: Oracle (ORCL) quarterly results beat analysts’ estimates
Market news
16 June 2021
Company News: Oracle (ORCL) quarterly results beat analysts’ estimates
Oracle (ORCL) reported Q4 FY 2021 earnings of $1.54 per share (versus $1.20 per share in Q4 FY 2020), beating analysts’ consensus estimate of $1.33 per share.
The company’s quarterly revenues amounted to $11.227 bln (+7.5% y/y), beating analysts’ consensus estimate of $11.036 bln.
The company also issued guidance for Q1 FY 2022, projecting EPS of $0.94-0.98 versus analysts’ consensus estimate of $1.03 and revenues growing +3-5% y/y, which we compute as $9.65-9.84 bln versus analysts’ consensus estimate of $9.68 bln.
ORCL fell to $78.00 (-4.46%) in pre-market trading.
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