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Oracle share price up 7% after Q4 results revenue beat

The software company's stock is soaring after a positive Q4 earnings report.

Trader looking at Oracle Q4 earnings data Source: Bloomberg

Oracle share price jumped after a better-than-expected Q4 2019 earnings report. The software company surpassed earnings and revenue expectations.

Oracle earnings:key figures

Earnings per share $1.16
Revenue $11.14 billion
Cloud Services and Licence Support $6.80 billion

Oracle Q4 results rise on cloud revenue

Oracle’s Q4 earnings per share were $1.16, rising above expectations of $1.07. Oracle’s Q4 revenue was $11.14 billion, exceeding the expected $10.93 billion. The software company’s cloud services and licence support division revenue was $6.80 billion. That figure surpassed financial experts’ projections of $6.76 billion.

Chief executive officer (CEO), Safra Catz, spoke about how cloud licence sales helped Oracle’s Q4 revenue.

‘Cloud licence and on-premise licence revenues were $2.5 billion, up 15%. In particular, technology licence growth was up 19%, making it abundantly clear that customers are investing in the Oracle platform,’ said Catz.

Catz also spoke about how the corporation’s transition from hardware to cloud applications helped to improve Oracle’s Q4 results.

‘Our high-margin Fusion and NetSuite cloud applications businesses are growing rapidly, while we downsize our low-margin legacy hardware business. The net result of this shift away from commodity hardware to cloud applications was a Q4 non-GAAP (general accepted accounting principle) operating margin of 47%, the highest we’ve seen in five years,’ said Catz.

How did Oracle’s Q4 profits compare to other software companies?

Compared to Salesforce’s Q1 2020 earnings, Oracle’s Q4 2019 results were also positive. Both Salesforce and Oracle’s earnings beat expectations.

Oracle’s Q4 earnings report was better than SAP’s Q1 earnings report. SAP had a mixed report, with high revenue and worse-than-expected earnings. Oracle’s earnings and revenue exceeded expectations.

What’s Oracle’s 2020 outlook?

Oracle’s Q1 2020 earnings per share are projected to be in the range of $0.80-$0.82. For fiscal year 2020, Catz predicts that Oracle’s earnings per share and revenue will have double-digit growth.

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