ORCL looks good with better OCI revs +53% vs buyside at 47-50%; RPO +29%, inline revs and better EPS
Catz says OCI will remain in hypergrowth phase for the foreseeable future with demand substantially exceeding supply. We pitched this as a small long into the print for our Pro subs yesterday - we’ll listen to the call before deciding what to do.
ORCL RESULTS: Q3
ADJ revenue $13.28B, +7.1% y/y, EST $13.28B
ADJ EPS $1.41 vs. $1.22 y/y, EST $1.38
Cloud revenue (IaaS plus SaaS) $5.1B, +24% y/y, EST $5.06B
Cloud revenue (IaaS plus SaaS) in constant currency +24%, EST +24.7%
Cloud services and license support revenue $9.96B, +12% y/y, EST $9.85B
Cloud license and on-premise license revenue $1.26B, -2.5% y/y, EST $1.2B
Hardware revenue $754M, -7% y/y, EST $768.9M
Service revenue $1.31B, -5% y/y, EST $1.37B
ADJ operating income $5.79B, +12% y/y, EST $5.71B
ADJ operating margin 44% vs. 42% y/y, EST 42.9%
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