Oracle: beats consensus in Q4.

(CercleFinance.com) - Oracle has reported Q4 2016-17 earnings that are up 15% at 3.
23 billion dollars, or 76 cents per share. Adjusted (non-GAAP) EPS reached 89 cents, beating the consensus by 11 cents.

The software publisher posted an adjusted operating margin of 46% over the period, on revenues that were up 3% at 10.9 billion dollars, against a consensus of just under 10.5 billion dollars.

"Above all, it has confirmed strong growth in its cloud business, an area in which it seems to be catching up competitors such as Salesforce.com," Aurel BGC pointed out, adding that Oracle's management has raised its targets.


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