Oracle’s Revenue Slides More Than Expected, Company Announces Partnership With Zoom

Quarterly earnings of Oracle Corp

Source: Depositphotos

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The cloud and data management service provider posted lower than expected earnings that led to a 5% drop in its share price in extended trading hours on Tuesday

Here is how Oracle fared throughout its fiscal fourth quarter of 2020:


– Earnings of $1.20 per share versus $1.15 expected

– $10.44 billion in revenue versus $10.65 billion expected (down 6% y/y)

– $6.85 billion generated by Oracle’s cloud services and license support (up 1% y/y)


“As the quarter progressed, we saw a dropoff in deals, especially in the industries most affected by the pandemic. As countries begin reopening their economies, many of these discussions have already resumed. . . . And while some customers have deferred projects, we’re also rapidly building new pipelines with customers that are moving their on-premise workloads to the cloud.”

Safra Catz, CEO 


According to Catz, an increasing number of companies are starting to rediscover the benefits of cloud services – a market segment traditionally dominated by Amazon’s and Microsoft’s cloud offerings. In its earnings briefing, Oracle announced its new point-of-sale hardware aimed at retailers, as well as a new cloud business offering provided in partnership with Zoom and 8×8.

The company declined to provide guidance for its fiscal 2021. That being said, Catz expects to see accelerated revenue growth. So far, Oracle’s shares have seen a gradual price increase of close to 3% since the start of this year.

Upcoming reports

See the full list of upcoming earnings reports for 22 – 26 June in the tables below.

Monday, 22 June 2020

Country of originCompany nameFiscal period
United KingdomMitchells & Butlers PlcHalf year 2020
United KingdomBerkeley Group Holdings PlcFull year 2019
United KingdomMonks Investment Trust PlcFull year 2019

Wednesday, 24 June 2020

Country of originCompany nameFiscal period
USAJ. C. Penney Company Inc
First quarter of 2020
USAPaychex IncFourth quarter of 2020
United KingdomStagecoach Group PlcFull year 2020

Thursday, 25 June 2020

Country of originCompany nameFiscal period
USARite Aid CorpFirst quarter 2021
United KingdomMitie Group PlcFull year 2020
United KingdomRoyal Mail PlcFull year 2020
United KingdomAuto Trader Group PlcFull year 2020
CanadaBlackBerry LtdFirst quarter 2021

Friday, 26 June 2020

Country of originCompany nameFiscal period
United KingdomMarston's PlcHalf year 2020
USANike IncFourth quarter of 2020


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