Market Overview

Oracle Q3 Earnings: A Play-By-Play Recap

Share:
Oracle Q3 Earnings: A Play-By-Play Recap
Related ORCL
Are Fed Agencies Rushing To Get Regulatory Actions Out The Door Before Inauguration Day?
IBM Kicks Off The Big Tech Earnings Season
Oracle To Acquire Apiary For API Design Technology (Seeking Alpha)

Oracle Corporation (NYSE: ORCL) reports earnings on Tuesday afternoon. Below is a live blog of the events.

The conference call is expected to begin at 5:00pm EDT.

05:51:22pm: The conference call has concluded.

05:44:12pm: Marketing growth in the quarter was over 200%. That's the best proof of our relationships. When you look at our competitors, "we are simply growing faster."

05:38:59pm: We have "very clearly," the strongest platform based on experience compared to small competitors and Salesforce.

05:36:17pm: Nomura analyst asks about native SaaS. Oracle response: "It wasn't called the cloud 10 years ago, it was called Saas...we started a project 10 years ago to re-write everything. In Fusion..every single line of code is brand new...they're completely re-written for the cloud."

05:30:12pm: More on SAP: "We don't see them as a cloud competitor...we only talk about them when we get a question on the call."

05:29:12pm: More on SAP: "We don't see them as a cloud competitor...we only talk about them when we get a question on the call."

05:28:27pm: On SAP's competition: "This is 30-year old code renamed S/4HANA."

05:27:23pm: When asked what use cases are driving PaaS growth: "You can take any workload, any database that you have...and move [it] with the push of a button, and run it in the Oracle cloud. Nobody else can do that...Salesforce.com PaaS is based on propriety technology...our platform is based on Java -- and industry standard -- and the Oracle database -- an industry standard."

05:23:55pm: Company expects to sell more SaaS and PaaS business than Salesforce in 2015. "That might come as a big surprise to a lot of people out there...you won't have to wait very long to see who wins this."

05:19:33pm: Our cloud revenue is already about a $2 billion run-rate...We expect Q4 bookings of $300 million, $50 million higher than before. We expect next year's bookings growth to be more than 100%.

05:19:23pm: Expecting Q4 Adj. EPS $0.90-$0.96 vs $0.94 Est.

05:19:11pm: We're adding customers at more than 10x the rate of Workday.

05:18:13pm: Fusion bookings have grown more than 200% every quarter this year.

05:14:14pm: In terms of M&A, we're focused on "finding the right companies and the right valuations."

05:12:26pm: Anticipating "enormous" Q4 growth; "when you compare the same nine months last year to the first nine months of the year this year, our capital expenditures is up about $350 million.

05:11:55pm: EPS would have been six year higher were it not for currency headwinds.

05:11:12pm: "We continue to gain share against IBM and HP."

05:10:11pm: "We're clearly growing faster than Salesforce."

05:08:22pm: The conference call has begun.

04:43:01pm: A historical look at EPS, courtesy of FindTheBest:

04:29:05pm: Oracle stock up 3.6 percent after-hours.

04:25:01pm: Notable quote from Chairman and CTO Larry Ellison in PR: "We are well on our way to selling over $1 billion of new SaaS and PaaS business in calendar 2015. Salesforce.com has announced that it also expects to add about $1 billion of new SaaS and PaaS business this year. So it's going to be a close race who sells more in the cloud this year, us or them. Stay tuned."

04:01:59pm: Oracle Raises Qtr. Dividend from $0.12 to $0.15/Share

04:00:30pm: Oracle Reports Q4 EPS $0.68 Vs Est $0.70, Sales $9.33B Vs Est $9.46B

Related Links

Posted-In: Earnings News Best of Benzinga

 

Related Articles (ORCL)

View Comments and Join the Discussion!