Sees Q3 revenue up 9%-11%. Sees Q3 cloud revenue up 25%-27%. Sees Q3 tax rate 19%. Says Q2 was another excellent quarter. Says results driven by the fact that largest revenue component now represents 77% of total revenue. Says cloud revenue will reach $25B this fiscal year. Says currency will have negative 3c impact on eps and negative 2% impact on revenue. Comments and guidance taken from Q2 earnings conference call.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORCL:
- ORCL Earnings: Oracle Stock Falls 7% as Results Miss Wall Street Targets
- Oracle down 6% to $178.50 after Q2 results narrowly miss estimates
- Oracle reports Q2 Cloud revenue $5.9B, up 24%
- Oracle reports Q2 adjusted EPS $1.47, consensus $1.48
- Oracle reports Q2 Total Remaining Performance Obligations up 49% to $97B