Oracle (ORCL) Offers Q4 Guidance
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March 12, 2020 4:33 PM EDT
By Neha Malara
(Reuters) - Growth in cloud business helped Oracle Corp top quarterly profit and revenue on Thursday and said the coronavirus will have "minimal impact" on the fourth-quarter revenue, which is usually skewed toward software licenses rather than hardware.
"We expect minimal impact from the virus in the quarter, given that much of the subscription revenue is already contracted," Chief Executive Officer... More
March 12, 2020 4:03 PM EDT
(Updated - March 12, 2020 4:03 PM EDT)
Oracle (NYSE: ORCL) reported Q3 EPS of $0.97, $0.01 better than the analyst estimate of $0.96. Revenue for the quarter came in at $9.8 billion versus the consensus estimate of $9.75 billion.
The Board of Directors increased the authorization for share repurchases... More
