Source: Pexels | Photographer: Andrea Piacquadio
Reading time: two minutes
In just three months, Oracle Corp. has managed to turn its declining sales into a decisive rally. Here is how the company fared throughout its first fiscal quarter for 2021.
The software developer’s shares received a solid 6% price bump on Thursday after the company reported earnings figures that exceeded analysts’ expectations. Here are the results:
– Earnings: 93 cents per share vs. expectations for 86 cents
– Revenue: $9.37 billion (2% growth Y/Y) vs. expectations for $9.19 billion
– Cloud services and license support segment: generated $6.95 billion (2% growth Y/Y) vs. expectations for $6.93 billion
– Two new clients: Oracle was proud to announce that McDonald’s and Xactly are now using its cloud offerings
In the words of CEO Safra Catz, COVID-19 had “only briefly interrupted” the company’s business. The virus was previously cited as the main culprit behind last quarter’s disappointing results. Recently, there have been unconfirmed rumours that the company is planning on acquiring TikTok’s U.S., Canada, Australia and New Zealand operations from the Chinese company ByteDance. Last month, U.S. President Donald Trump was quick to point out that Oracle could “handle” part of the Chinese video-sharing app, despite any clear lack of evidence that such deal is actually in the works.
Fiscal guidance for Q2
In the three months to follow, Oracle expects 98 cents to $1.02 as earnings per share, as well as revenue growth in the 1% – 3% range. The company, however, did not issue full-year guidance. Oracle shares have seen a rise of close to 8% since the start of this year.
Upcoming reports
See the full list of upcoming earnings reports for September 14th – 18th in the tables below.
Monday, September 14th 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| United Kingdom | Superdry PLC | Full year 2020 |
Tuesday, September 15th 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | FedEx Corp | First quarter of 2021 |
| USA | Adobe Inc | Third quarter of 2020 |
Wednesday, September 16th 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| Spain | Industria de Diseno Textil SA | Half year 2020 |
Thursday, September 17th 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | Progressive Corp | Financial report for August 2020 |
| United Kingdom | Kier Group PLC | Full year 2020 |
| United Kingdom | Next PLC | Half year 2020 |
Friday, September 18th 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| United Kingdom | City of London Investment Trust PLC | Full year 2020 |
***
Looking to trade on the global markets, but have little or no experience? Open a demo account in Delta Trading and test your boldest strategies in a real market environment, without the risk of losing real funds.
