Oracle: EPS up 10% in Q2
(CercleFinance.com) - On Monday evening Oracle reported Q2 2024-25 adjusted EPS (non-GAAP) that is up 10% to $1.
47, with an adjusted operating margin that is stable at 43%, on revenues up 9% to nearly $14.1bn.
In particular, the enterprise software provider's cloud revenues climbed 24% to $5.9bn, driven by a 52% jump in IaaS (infrastructure) revenues to $2.4bn, while SaaS (applications) revenues rose by 10% to $3.5bn.
A record level of demand for artificial intelligence drove Oracle Cloud Infrastructure's revenue growth at a much higher rate than any of our competitors in hyperscale cloud infrastructure, CEO Safra Catz said.
However, Antonio Di Giacomo, senior market analyst at XS.com, points to a slightly below-consensus performance, according to him of $1.48 for adjusted EPS and $14.11bn for revenues.
Earnings forecasts for Q3, ranging from $1.50 to $1.54 per share, came in below the average expectation of $1.57, creating uncertainty among analysts, he continues.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
47, with an adjusted operating margin that is stable at 43%, on revenues up 9% to nearly $14.1bn.
In particular, the enterprise software provider's cloud revenues climbed 24% to $5.9bn, driven by a 52% jump in IaaS (infrastructure) revenues to $2.4bn, while SaaS (applications) revenues rose by 10% to $3.5bn.
A record level of demand for artificial intelligence drove Oracle Cloud Infrastructure's revenue growth at a much higher rate than any of our competitors in hyperscale cloud infrastructure, CEO Safra Catz said.
However, Antonio Di Giacomo, senior market analyst at XS.com, points to a slightly below-consensus performance, according to him of $1.48 for adjusted EPS and $14.11bn for revenues.
Earnings forecasts for Q3, ranging from $1.50 to $1.54 per share, came in below the average expectation of $1.57, creating uncertainty among analysts, he continues.
Copyright (c) 2024 CercleFinance.com. All rights reserved.