Enterprise software giant Oracle (NYSE:ORCL) will be reporting results this Thursday after the bell. Here’s what investors should know.
Oracle met analysts’ revenue expectations last quarter, reporting revenues of $19.18 billion, up 20.6% year on year. It was a strong quarter for the company, with a solid beat of analysts’ billings estimates and full-year guidance of accelerating revenue growth.
Is Oracle a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Oracle’s revenue to grow 27.9% year on year, improving from the 12.2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Oracle has missed Wall Street’s revenue estimates multiple times over the last two years.
With Oracle being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for data and analytics software stocks. However, investors in the segment have had fairly steady hands going into earnings, with share prices down 1.5% on average over the last month. Oracle is up 8.4% during the same time .
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