Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Wu Yanzu in South China for the delivery of clues! CTOnews.com Sept. 12, Oracle today announced its results for the first quarter of fiscal 2024. Quarterly revenues in dollar terms rose 9 per cent year-on-year and 8 per cent at fixed exchange rates to $12.5 billion.

Oracle's adjusted revenue for the fiscal first quarter ended Aug. 31 was $12.45 billion (CTOnews.com Note: currently about 91.632 billion yuan), largely in line with Wall Street's target of $12.47 billion, but slightly lower than first-quarter expectations, and its shares fell 9.15% after hours.

GAAP earned $0.86 per share in the first quarter, while non-GAAP earned $1.19 per share.

Total revenue in the first quarter was 12.5 billion US dollars, up 9% in dollar terms and 8% in fixed exchange rate terms.

Cloud revenue (IaaS plus SaaS) in the first quarter was $4.6 billion, up 30% in dollar terms and 29% in fixed exchange rate terms.

Cloud infrastructure (IaaS) revenue in the first quarter was $1.5 billion, an increase of 66% in dollar terms and 64% in fixed exchange rate terms.

Cloud applications (SaaS) revenue in the first quarter was $3.1 billion, up 17% in dollar terms and 17% in fixed exchange rate terms.

Converged Cloud ERP (SaaS) revenue in the first quarter was US $800 million, an increase of 21% in dollar terms and 20% in fixed exchange rate terms.

NetSuite Cloud ERP (SaaS) revenue in the first quarter was $700 million, an increase of 21% in dollar terms and 21% in fixed exchange rate terms.

Safra Catz, CEO of Oracle, said: "Oracle cloud infrastructure revenue grew 66% in the first quarter, much higher than our very large-scale cloud infrastructure competitors." total cloud services revenue (infrastructure plus applications) rose 30% to $4.6 billion in the quarter. Oracle cloud services plus license support currently accounts for 77% of Oracle's total revenue. This highly predictable, highly profitable recurring revenue flow and ongoing expense control contributed to a 16% increase in non-GAAP earnings per share, a 21% increase in free cash flow and a $7 billion increase in operating cash flow in the first quarter. "

Angelo Zino, an analyst at CFRA, said that for Oracle, "it's all about the cloud, it's all about expanding the business."

Oracle chairman Larry Ellison (Larry Ellison) expressed a very positive view of artificial intelligence, saying that companies in the region had "purchased more than $4 billion of Oracle Gen2 capacity from Oracle cloud services", twice as much as Oracle booked at the end of the last quarter.

Oracle's cloud services and licensing support division generated $9.55 billion in revenue in the quarter, up 13% from a year earlier and higher than the StreetAccount consensus of $9.44 billion, but revenue from cloud and local licenses fell 10% to $809 million, below StreetAccount's consensus of $892.7 million.

Hardware revenue was $714 million, down 6 per cent from a year earlier. Analysts surveyed by StreetAccount expect the company to be valued at $739.6 million.

Excluding Monday's after-hours trend, oracle shares are up 55% so far this year, while the s & p 500 is up about 17% over the same period.

According to LSEG, the company expects second-quarter revenue growth of between 5 and 7 per cent, below analysts' average expectations of 8.2 per cent. It also expects adjusted earnings per share of between $1.30 and $1.34, compared with a forecast of $1.33.

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