Oracle reported strong Q1 earnings and revenue growth, with shares surging and positive future guidance.

From Nasdaq: 2024-09-10 10:35:00

Oracle (ORCL) reported Q1 fiscal 2025 earnings of $1.39 per share, beating estimates and increasing 16.8% YoY. Revenues rose 6.9% to $13.3 billion, driven by Oracle Cloud Infrastructure. ORCL shares surged 9% after announcing a multi-cloud partnership with Amazon Web Services offering Oracle Database@AWS. Guidance for Q2 includes revenue growth of 7-9%. Oracle’s RPO is over $99 billion, with cloud RPO growing over 80%. Cash flow was $19.12 billion. Non-GAAP EPS is expected to grow between 6-10%. Oracle ranks as a Buy with 32.7% YTD stock growth. Other top-ranked stocks are Nova Ltd. (NVMI) and Manhattan Associates (MANH). Nova and Manhattan stocks have gained 42.7% and 18.5% YTD, respectively. Oracle’s Q2 expectations include revenue growth between 7-9% and total cloud revenue growth between 23-25%. Non-GAAP EPS is projected in the range of $1.42-$1.46. Cash flow amounted to $19.12 billion. Oracle RPO is over $99 billion, with cloud RPO increasing over 80%. Non-GAAP EPS is expected to grow between 6-10% at cc. Oracle stock has gained 32.7% YTD and ranks as a Buy. Nova Ltd. (NVMI) and Manhattan Associates (MANH) are top-ranked stocks with YTD gains of 42.7% and 18.5%, respectively.



Read more at Nasdaq: Oracle Q1 Earnings Surpass Estimates, Revenues Increase Y/Y