Oracle set to announce earnings results days before OpenWorld conference

Software giant Oracle Corp.’s fiscal results will give out more information into its cloud deal, but a large part of this move is still unclear.

According to the reports Oracle is set to issue fiscal first-quarter results on Thursday evening, just few days before next week’s annual Oracle OpenWorld conference. Everybody in the space is conscious about enterprise software giant’s cloud deal, finalized almost four years ago amid a series of $1 billion-plus purchases of software-as-a-service companies in an attempt to catch up to rapidly growing companies like Salesforce.com Inc.

In recent summer Oracle had an ambitious attempt to take over NetSuite Inc. worth $9.3 billion a firm that counts Oracle cofounder and Chairman Larry Ellison as its largest investor. That transaction is not very easy, however: NetSuite’s largest investor besides Ellison, T. Rowe Price Associates Inc., said in a statement that it expected to vote against the union, an enormous blow considering Ellison and other Oracle and NetSuite executives will not be permitted to vote on the deal.



Keeping that in consideration, the company’s earnings will have to be read on their own merits, without predicting a big thump in cloud returns from the potential NetSuite purchase.

Meanwhile Analysts on average predict Oracle to post adjusted earnings of 58 cents a share,. Estimize, that is combination of estimates from analysts, fund managers and academics, is anticipating EPS of 49 cents a share, based on an average of 123 estimates. Last year in the same quarter, Oracle posted net income of $1.7 billion, or 40 cents a share, and adjusted earnings per share of 53 cents.

Furthermore Analyst’s projection of Oracle revenue is $8.7 billion, under the average of Oracle’s estimate, which was for $8.62 billion to $8.87 billion in revenue. The Estimize consent is slightly advanced, at $8.74 billion. Last year in its financial first quarter, Oracle posted revenue of $8.45 billion.

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