Oracle Reports Q1 EPS Miss, While Revenues Beat Estimates

Oracle (NYSE: ORCL) reported its Q1 results, with EPS of $1.03 missing the consensus estimate of $1.08, while revenue of $11.4 billion (up 18% year-over-year) coming in better than the consensus estimate of $11.33 billion.

Cloud services and license support revenues grew 14% year-over-year (up 20% in constant currency) to $8.4 billion. Cloud license and on-premise license revenues grew 11% year-over-year (up 19% in constant currency) to $0.9 billion. Cerner contributed $1.4 billion to total revenues.

"Even without Cerner, our total revenue grew 8% in constant currency driven by Oracle's rapidly growing applications and infrastructure cloud businesses. These two cloud businesses now account for more than 30% of our total revenue,” said Oracle CEO, Safra Catz.

The company also announced that its board of directors declared a quarterly cash dividend of $0.32 per share, payable on October 25 to stockholders of record as of the close of business on October 12.

By Davit Kirakosyan

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