OracleVoice: Oracle Financials Beat Expectations As Key Businesses Show Momentum [Forbes]
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Source: Forbes
Oracle posted better-than-expected revenue and earnings-per-share growth for its fiscal 2018 fourth quarter, as executives highlighted particularly strong momentum in the company’s database, cloud ERP, and cloud HR application businesses. For the quarter ended May 31, Oracle reported revenue of $11.3 billion, up 3% from the year-earlier quarter. Operating income was $4.4 billion, up 8% from a year earlier, while diluted earnings per share were 82 cents, also up 8%. Oracle Oracle’s cloud services and license support revenue increased 8% in the quarter, to $6.8 billion. That number represents more than half (60%) of total company revenue as Oracle transitions from selling on-premises software and hardware to cloud services. For the full fiscal year, Oracle’s operating income rose 8% from the year earlier, to $13.7 billion, on 6% higher total revenue of $39.8 billion. Big ERP, HCM Wins CEO Mark Hurd emphasized big fourth-quarter customer wins for the
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