2024-06-10 11:55:00 ET
Summary
- Street consensus is expecting $1.65 in EPS in $14.56 billion in revenue for expected yoy growth of -1% and +5% respectively.
- Operating income is expected to come in at $6.65 billion for expected yoy growth of 8%.
- Oracle is not an expensive stock on a valuation basis, but as an enterprise software vendor trying to find a strategy for AI, the growth is better in Microsoft as you’d expect since Azure and the Intelligent Cloud were both better suited for the cloud than Oracle’s offering.
Oracle ( ORCL ) the former enterprise software database giant that has had to transition to the cloud in the last 10–15 years and is now forced to tackle the AI evolution, is scheduled to report their fiscal Q4 ’24 financial results after the closing bell on Tuesday, June 11, 2024....
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For further details see:
Oracle Earnings Preview: Watch Operating Margin For 'Peak Oracle'