Oracle Corp. (NYSE:ORCL) reported better-than-expected fourth-quarter financial results and issued upbeat outlook commentary on Wednesday.
The company reported fourth-quarter revenue of $15.9 billion, beating analyst estimates of $15.58 billion. The company reported fourth-quarter adjusted earnings of $1.70 per share, beating analyst estimates of $1.64 per share, according to Benzinga Pro.
"FY25 was a very good year — but we believe FY26 will be even better as our revenue growth rates will be dramatically higher," said Safra Catz, CEO of Oracle. "We expect our total cloud growth rate — applications plus infrastructure — will increase from 24% in FY25 to over 40% in FY26. Cloud Infrastructure growth rate is expected to increase from 50% in FY25 to over 70% in FY26. And RPO is likely to grow more than 100% in FY26."
Oracle's board declared a quarterly cash dividend of 50 cents per share, payable on July 24 to shareholders of record as of July 10.
Oracle's shares fell 0.6% to close at $176.38 on Wednesday.
These analysts made changes to their price targets on Oracle following earnings announcement.
Considering buying ORCL stock? Here’s what analysts think:
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