Oracle · CNBC Technology
Oracle outpaces on earnings, but stock drops on is set to raise another $20 billion
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Oracle reported better-than-expected earnings and revenue for the fiscal fourth quarter on Wednesday while also raising its profit forecast for the year.
Key facts
- Net income rose to $4.22 billion, or $1.45 per share, from $3.43 billion, or $1.19 per share, a year ago
- The company called for $1.72 to $1.76 in adjusted earnings per share for the fiscal first quarter, with 27% to 29% revenue growth
- Software revenue, including licenses and support, totaled $6.82 billion, down 2% but above StreetAccount's $6.93 billion consensus
- The company maintained its previous revenue guidance of $90 billion for the 2027 fiscal year, while lifting its forecast of adjusted earnings per share to $8.05
Summary
Earnings per share: $2.03 adjusted vs. $1.96 expected. Revenue increased 21% year over year in the quarter, which ended on May 31, according to a statement. The company maintained its previous revenue guidance of $90 billion for the 2027 fiscal year, while lifting its forecast of adjusted earnings per share to $8.05. Oracle said it foresees raising $40 billion through debt and equity financing, including a $20 billion share sale it announced earlier.