Oracle Q3 Earnings Preview: 5 Things To Know
Wade Tyler Millward
Java, Cerner and AI are likely topics to come up.
When Oracle announces third fiscal quarter earnings on Thursday, analysts will likely have questions about changes to Java subscription pricing, Oracle subsidiary Cerner and Oracle’s investments in artificial intelligence (AI) and machine learning (ML).
Analysts will also likely want to hear how the Austin, Texas-based database products and cloud vendor is competing with other cloud vendors and database product rivals.
These are some of the expectations CRN has for the quarterly earnings call, which will cover the three months ended Feb. 28.
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Oracle Q3 Earnings Preview
Zacks Equity Research reports that Wall Street expects $12.39 billion in quarterly revenue, which would represent a 17.9 percent increase year over year.
For the third quarter of Oracle’s fiscal year, Oracle CEO Safra Catz previously said she expected total revenue to grow between 21 and 23 percent, ignoring foreign exchange. Cloud growth with Cerner should grow between 46 and 50 percent. Total cloud growth for the entire fiscal year minus Cerner should be more than 30 percent ignoring foreign exchange.
Here’s what you need to know.