Oracle Stock Is Rising +10% After Q3 '24 Earnings
Oracle Stock Is Rising +10% After Q3 '24 Earnings
"We expect that 43% of our current $80 billion of Remaining Performance Obligations will be recognized as revenue over the next four quarters and that our Gen2 Cloud Infrastructure business will remain in a hypergrowth phase—up 53% in Q3—for the foreseeable future."$Oracle (ORCL.US)$ shares are trading higher Tuesday after the firm said third-quarter revenue increased 7% year-over-year to $13.3 billion, which missed the consensus estimate of $13.306 billion. The company reported quarterly earnings of $1.41 per share, which beat average estimates of $1.38.
$甲骨文 (ORCL.US)$ 周二股价上涨，此前该公司表示，第三季度收入同比增长7％，至133亿美元，未达到共识估计的133.06亿美元。该公司公布的季度收益为每股1.41美元，超过了平均预期的1.38美元。
The total remaining performance obligations climbed 29%. Total cloud revenues were up 25%, cloud infrastructure revenues were up 49%, cloud application revenues were up 14%, Fusion cloud revenue was up 18%, and NetSuite Cloud ERP revenues were up 20% in the quarter.
剩余履约义务总额增长了29％。本季度，云总收入增长了25％，云基础设施收入增长了49％，云应用程序收入增长了14％，Fusion云收入增长了18％，NetSuite云ERP收入增长了20％。
"We expect to continue receiving large contracts reserving cloud infrastructure capacity because the demand for our Gen2 AI infrastructure substantially exceeds supply—despite the fact we are opening new and expanding existing cloud datacenters very, very rapidly," said Safra Catz, CEO of Oracle.
甲骨文首席执行官萨夫拉·卡茨表示：“尽管我们正在非常非常迅速地开设新的和扩展现有云数据中心，但我们预计将继续收到保留云基础设施容量的大型合同，因为对我们的第二代人工智能基础设施的需求远远超过供应。”
"We expect that 43% of our current $80 billion of Remaining Performance Obligations will be recognized as revenue over the next four quarters and that our Gen2 Cloud Infrastructure business will remain in a hypergrowth phase—up 53% in Q3—for the foreseeable future."
“我们预计，在可预见的将来，我们目前800亿美元的剩余绩效义务中有43％将确认为收入，并且我们的第二代云基础设施业务将保持高速增长阶段——第三季度增长53％。”
Oracle's board also declared a quarterly cash dividend of 40 cents per share to be paid on April 24 to stockholders of record as of April 10.
甲骨文董事会还宣布，将于4月24日向截至4月10日的登记股东支付每股40美分的季度现金股息。
On the conference call following the print, Oracle said it expects total revenues including Cerner to grow between 4% and 6%, according to Benzinga Pro. The company also noted that it plans to make some joint announcements with $NVIDIA (NVDA.US)$ next week. Nvidia's 2024 GTC Conference is set to kick off on March 18.
根据Benzinga Pro的数据，甲骨文在印刷后的电话会议上表示，预计包括Cerner在内的总收入将增长4％至6％。该公司还指出，它计划与之发布一些联合公告 $英伟达 (NVDA.US)$ 下周。英伟达的2024 GTC会议定于3月18日拉开帷幕。
Analyst Changes: Multiple analysts raised price targets on Oracle following the company's quarterly results.
分析师变动：在甲骨文公布季度业绩后，多位分析师上调了公司的目标股价。
Piper Sandler analyst Brent Bracelin maintained Oracle with an Overweight and raised the price target from $122 to $140.
派珀·桑德勒分析师布伦特·布雷西林维持甲骨文增持，并将目标股价从122美元上调至140美元。
Barclays analyst Raimo Lenschow maintained Oracle with an Overweight and raised the price target from $140 to $147.
巴克莱分析师雷莫·伦肖维持甲骨文增持，并将目标股价从140美元上调至147美元。
JPMorgan analyst Mark Murphy maintained Oracle with a Neutral and raised the price target from $100 to $105.
摩根大通分析师马克·墨菲维持甲骨文中立，并将目标股价从100美元上调至105美元。
Jefferies analyst Brent Thill maintained Oracle with a Buy and raised the price target from $145 to $150.
杰富瑞分析师布伦特·希尔维持甲骨文的买入，并将目标股价从145美元上调至150美元。
BofA Securities analyst Brad Sills maintained Oracle with a Neutral and raised the price target from $122 to $144.
美银证券分析师布拉德·西尔斯维持甲骨文中立的立场，并将目标股价从122美元上调至144美元。
Mizuho analyst Siti Panigrahi maintained Oracle with a Buy and raised the price target from $140 to $160.
瑞穗分析师西蒂·帕尼格拉希维持甲骨文的买入并将目标股价从140美元上调至160美元。
Bernstein analyst Mark Moerdler maintained Oracle with an Outperform and raised the price target from $147 to $159.
伯恩斯坦分析师马克·莫德勒维持甲骨文的跑赢大盘，并将目标股价从147美元上调至159美元。
