Analysts collected by market analysis company LSEG previously collected is $15.590 million in turnover and $1.64 per share. Judging from these two performance up and down indicators, Oracle's performance exceeded expectations. Looking ahead, Ora...
Analysts collected by market analysis company LSEG previously collected is $15.590 million in turnover and $1.64 per share. Judging from these two performance up and down indicators, Oracle's performance exceeded expectations.
Looking ahead, Oracle is likely to surpass its target of $104 billion in fiscal 2029, which it set in September last year. (Bloomberg)
CEO Safra Catz said in an online meeting with analysts that cloud infrastructure revenue is expected to grow by more than 70% in fiscal 2026, stronger than the 52% increase in the fourth quarter. So, she expects revenue in fiscal 2026 to exceed $67 billion, higher than the $65.18 billion expected by LSEG analysts.
Boeing shares fell 7.26% before trading Thursday night, with a deadline of $198.46. Air India Limited, a Boeing 787 passenger plane flew from Ahmedabad, India to London Gatwick Airport and crashed shortly after taking off. The accident is believed to be the worst accident in the US aircraft manufacturer's most advanced wide-body passenger plane. India confirmed that 246 people were killed on the plane. The market is currently rumored that software giant Microsoft is preparing to launch artificial intelligence Copilot tools for the Pentagon in the United States in the summer of 2025. According to Business Insider overnight citing sources, at a meeting some time ago, Microsoft Chief Commercial Officer Judson Althoff revealed that a large customer with more than one million Microsoft 365 licenses would adopt Copilot. Because the US Department of Defense has a huge workforce, including: 2.1 million military personnel and 770,000 civilian employees, it is likely that this big customer. Microsoft also revealed in March that it plans to launch a Copilot artificial intelligence tool tailored for the Pentagon and other high-security government customers by the summer of 2025. After hitting an all-time high overnight, Microsoft shares continued to rise 0.26% before trading Thursday night, at $473.83. On Thursday, we will take a look at the latest quarterly results of software giant Oracle Corporation. The stock rose 7.65% before trading Thursday night, and was reported at $190.00. Pre-market active stocks are in sequence: Plug Power, Nvidia, Tesla, Boeing and GameStop. At the time of press time, except for the rise in Plug Power's stock price, the stock prices of the other four active stocks all fell.He said: "While we are taking a series of measures to reduce capital expenditures, it will still rise because the demand in the current market seems to be in a state of incompatibility. I don't know how to describe the current market situation. But certainly, it's unprecedented. For example: We recently received an unnamed customer order asking us to provide all of our available cloud capacity. We have never taken such an order before. We had to adjust the resource allocation and do our best to provide them with the capacity they need."
Software giant Oracle released quarterly results overnight after the market exceeded the general forecasts of market analysts. Not only that, the group's executives also expected that its cloud business will continue to accelerate growth at the press conference. This series of good news has driven Oracle's stock price to rise by nearly 8% after the overnight trading session.
Thursday (June 12) Focus: U.S. President Trump said he intends to impose unilateral tariffs on trading partners in the next week or two. This made it difficult for a relatively calm stock market to become tense again, causing major stock index futures in the US Wall Street stock market to fall across the board on Thursday (June 12). At the time of 7:00, the Standard & Poor 500 futures fell 27.00 points or 0.80% to 5995.30 points; the Nasdaq 100 futures, dominated by technology stocks, fell 90.30 points or 0.41% to 21,770.50 points; the heavyweight Dow Jones Index futures also fell 246.80 points to 42,619.00 points. The Standard & Poole 500 closed lower overnight (Wednesday) as investors were concerned about tensions in the Middle East. However, the mild inflation report released overnight has eased investors' pressure on tariff-driven price rise to some extent. However, the overall market situation is still unclear, and everyone is waiting for more details of the Sino-US trade negotiations. Overnight markets rumoured that the United States is preparing to partially evacuate its embassy staff in Iraq as security risks intensify. The rumor caused Wall Street stocks to give up a slight gain that was earlier overnight. A senior Iranian official said Tehran would attack U.S. bases in the region if nuclear negotiations fail and clash with the United States. The Standard & Poor 500 index fell 16.57 points overnight to close at 6022.24 points. The Dow Jones Index fell slightly by 1.10 points and closed at 42,865.77 points. The Nasdaq 100 index also fell by 0.37% or 81.12 points, closing at 21,860.80 points. The U.S. stock market traded overnight, with the exchange's total trading volume being 18.9 billion shares, more than the average trading volume of 17.8 billion shares in the past 20 days.As for the current first quarter, Oracle executives expect adjusted earnings per share to be between $1.46 and $1.50 in the first quarter, with a 12% to 14% increase in turnover. These forecast figures are in line with LSEG analysts' estimates of $1.48 per share, and turnover of $14.96 billion, or a growth rate of 12.4%, both of which are expected to be earnings per share, as well as $14.96 billion, or a 12.4% growth rate..
Oracle Corporation (NYSE: ORCL)Kaz said that going forward, Oracle is likely to surpass its revenue target of $104 billion in fiscal 2029 that it set in September last year.
According to Oracle's fourth-quarter performance report as of the end of May this year, the group's turnover increased by 11% year-on-year to US$15.9 billion. The group's net profit increased from US$3.14 billion, or earnings per share, to US$3.43 billion, or earnings per share, from US$1.19, in the same period last year. After excluding special projects, Oracle's adjusted earnings per share was $1.70.
The performance report also said that in the fourth quarter, Oracle cooperated with Cleveland Clinic and UAE artificial intelligence holding company G42 to jointly develop an artificial intelligence platform specializing in healthcare; reached a cooperation agreement with International Business Machines Corporation (IBM) on the cloud and consulting; and also reached an agreement with SoftBank to allow SoftBank to acquire Oracle-backed chip design startup Ampere for $6.5 billion.
When talking about capital expenditures in fiscal 2025, Ellison said that the amount is more than $21 billion, more than less than $7 billion in fiscal 2024. But capital expenditures in the current new fiscal year should increase again and exceed $25 billion.
Pre-market trading focus:In addition to multiple collaborations, Oracle co-founder and chief technology officer Larry Ellison said that Chinese online retailer Temu is also moving their infrastructure to Oracle's cloud.
