Oracle's (ORCL) Q4 EPS Guidance Tops Views
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March 16, 2017 7:21 AM EDT
Wedbush raised its price target on Oracle (NYSE: ORCL) to $43.00 (from $42.00) while maintaining a Neutral rating. ORCL delivered a 3Q $0.07 EPS beat on good cost control and a favorable tax rate.
Analyst Steve Koenig commented, "ORCLs 3Q/Feb. looked better than its... More
March 15, 2017 4:01 PM EDT
Oracle (NYSE: ORCL) reported Q3 EPS of $0.69, $0.07 better than the analyst estimate of $0.62. Revenue for the quarter came in at $9.27 billion versus the consensus estimate of $9.26 billion.
"The hyper-growth we continue to experience in the cloud has rapidly driven both our SaaS and PaaS businesses to scale," said Oracle CEO, Safra Catz. "On an annualized non-GAAP basis, our total cloud business has reached the $5 billion mark, and our SaaS and PaaS businesses grew at the astonishing rate of 85% in Q3. That growth and the resulting scale... More
