Technology
What Analysts Are Saying About Oracle After Earnings
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Oracle Corp. (NYSE: ORCL) released its fiscal first-quarter financial results after markets closed on Monday. While the report was not that great, it wasn’t half bad either. Analysts seemed to take a cue from this and their responses to the report were not uniform, with some taking a positive perspective and others still on the fence.
Here, 24/7 Wall St. has included some brief highlights from the report, as well as what analysts said about the tech giant after the fact.
The company posted $0.71 in earnings per share (EPS) and $9.2 billion in revenue, which compares with consensus estimates of $0.69 in EPS and revenue of $9.31 billion. The same period of last year reportedly had EPS of $0.62 on $9.21 billion in revenue.
Short-term deferred revenues were up 2% to $10.3 billion compared to a year ago. Operating cash flow was up 5% to $15.5 billion during the trailing 12 months.
In terms of its segments, the company reported:
Here’s what analysts had to say:
Shares of Oracle were last seen trading at $49.03, with a consensus analyst price target of $53.07 and a 52-week range of $42.57 to $53.48.
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