Oracle Corporation (NYSE:ORCL) is set to announce first quarter earning results on Thursday 10th September 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ORCL to report 1Q21 income of $ 0.86 per share.
For the full year, analysts anticipate top line of $ 39295.20 million, while looking forward to income of $ 4.04 per share bottom line.
The Company Outlook
Revenue for 1Q21 are expected in a range of $ 9,125.82 million ~ $ 9,310.18 million
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Previous Quarter Performance
Oracle Corporation unfold income for the fourth quarter of $ 1.20 per share, from the revenue of $ 10,441.00 million. The quarterly earnings developed 3.45 percent while revenues reduced 6.27 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.16 per share from $ 10671.50 million in revenue. The bottom line results beat street analysts by $ 0.04 or 3.45 percent, at the same time, top line results fell short of analysts by $ 230.5 million or 2.16 percent.
Stock Performance
Shares of Oracle Corporation traded up $ 1.76 or 3.17 percent on Wednesday, reaching $ 57.08 with volume of 7.68 million shares. The stock opened positive for the day at $ 56.16, after closing the previous day trading at $ 55.32.
According to the previous trading day, closing price of $ 55.32, representing a 39.31 % increase from the 52 week low of $ 39.71 and a 6.74 % decrease over the 52 week high of $ 59.32.
The company has a market capital of $ 175.14 billion and is part of the Technology sector and Software – Infrastructure industry.
Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The companys cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license. Its Software as a Service offerings include a suite of cloud software applications, including enterprise resource planning, human capital management, customer experience, and supply chain management, among others, as well as cloud-based industry solutions.
