ORCL
📊 Oracle’s Q3 sales increased by 6% to $14.1 billion, but analysts expected $14.4 billion.
☁️ Oracle’s cloud infrastructure revenue also fell short of estimates, causing shares to drop.
📈 Despite this, Oracle projects sales to increase by 15% in the fiscal year starting in June and 20% in fiscal year 2027.
@bernardodegarcia:
“Shares fell by 1.22% after reporting quarterly results. Analysts say they were disappointing. I didn’t think so, but maybe analysts had very high estimates. Even though the stock has been cut by about 25% from its highs and gives a profit forecast for the current quarter that, as we said, did not reach analysts’ estimates, the company still announced an increase in reserves and said that its growing cloud infrastructure business will boost revenue over the next 2 fiscal years. Third-quarter sales increased 6% to $14.1 billion. Analysts projected an average of $14.4 billion, according to compiled data. Oracle’s cloud infrastructure revenue was also below estimates, causing shares to fall, as we see in pre-market trading. Performance obligations, yes, a measure of reserves, were $130 billion in the period ending February 28, compared to less than $100 billion in the previous quarter. Good growth, right? Not enough for the market. Oracle projected sales to increase 15% in the fiscal year starting in June and 20% in fiscal year 2027. Analysts on average estimated increases of 13 and 14 percent, respectively, but as you can see, analysts don’t have the patience to wait for ’26 and ’27, and they want it all now.”
@bernardodegarcia. Below, viewers can see the exact part of the YouTube video where Oracle is discussed:
View the video on YouTube.
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