OK, this is looking somewhat predictable. Oracle reported $9.20 billion in Q1 revenue, or $0.03 per share, against consensus estimates in the $9.24 to $9.29 range. In other words, it missed its number. How concerning is this? Excuse me while I yawn. It’s important all right, but no reason to get crazy. Still, some representatives of the widows and orphans who own the stock went into a tizzy, and some might have needed smelling salts or a stiff drink. Many people are concerned that Oracle isn’t moving its customers to the cloud fast enough.
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Oracle’s Earnings Angst
Posted by: Denis Pombriant September 22, 2018 05:00 AMOK, this is looking somewhat predictable. Oracle reported $9.20 billion in Q1 revenue, or $0.03 per share, against consensus estimates in the $9.24 to $9.29 range. In other words, it missed its number. How concerning is this? Excuse me while I yawn. It’s important all right, but no reason to get crazy. Still, some representatives of the widows and orphans who own the stock went into a tizzy, and some might have needed smelling salts or a stiff drink. Many people are concerned that Oracle isn’t moving its customers to the cloud fast enough.