Quarterly revenue is expected to grow 1.6 percent to $11.13 billion from $10.95 billion in the corresponding quarter a year-ago. In the past four quarters, Oracle's revenue growth came in at -1 percent, 3 percent, -2 percent and 1 percent.
Oracle projects fourth-quarter non-GAAP revenue to range from down 1 percent to up 4 percent in current exchange rates and constant currency, indicating no FX impact. This reflects a range of $10.84 billion to $11.39 billion, or $11.11 billion at the midpoint, representing a year-over-year increase of 1.5 percent at the midpoint.
In the past two quarters, results were weak, and the company blamed it on poor sales execution, hardware product transitions, and sequestration timing. However, the execution issues should ease as the business software giant enters the seasonally strong fourth quarter.
www.earningsimpact.com
Tidak ada komentar:
Posting Komentar