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Oracle latest financial results announced

11 March 2022 By Klavs Valters

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Oracle Corporation reported its fiscal 2022 third quarter financial results after the closing bell on Wall Street today.

The US software and hardware manufacturer reported revenue of $10.513 billion vs. $10.506 billion expected.

Earnings per share at $1.13 per share, falling short of analyst estimate of $1.18 per share.

The company also announced a quarterly cash dividend of $0.32 per share of outstanding common stock

“In Q3, Oracle delivered over 7% constant currency revenue growth—our highest quarterly organic revenue growth rate since we began our transition to the cloud,” said Oracle CEO, Safra Catz following the latest results.

“This strong top line growth was coupled with a solid non-GAAP constant currency operating profit growth of 4%, but the big story is that our overall revenue growth is being driven by both our rapidly growing Cloud Infrastructure and Cloud Applications businesses. Q3 Cloud Infrastructure revenue was up 47% in constant currency.  Q3 Cloud Applications growth was led by Fusion ERP, which was up 35% in constant currency and NetSuite ERP which was up 29% in constant currency. Total Cloud revenue which includes Cloud Infrastructure and Cloud Applications is now over $11 billion a year,” Catz added.

<strong>Oracle Corporation (ORCL)</strong>

<img class=”alignnone wp-image-270862 size-full” src=”https://www.gomarkets.com/au/wp-content/uploads/2022/03/Oracle-Q4.png” alt=”” width=”872″ height=”491″ />

Shares of Oracle were little changed at the end of trading on Thursday, up by 0.84% at $76.70 a share.

Here is how the stock has performed in the past year –
<ul>
<li>1 Month: -6.22%</li>
<li>3 Month: -13.53%</li>
<li>Year-to-date: -11.98%</li>
<li>1 Year: +13.87%</li>
</ul>
Oracle is the 49<sup>th</sup> largest company in the world with total market cap of $204.85 billion.

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. Trading Derivatives carries a high level of risk.

Sources: Oracle Corporation, TradingView, MetaTrader 5, CompaniesMarketCap

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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice.