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Oracle (NYSE: ORCL) 1Q20 Results: In-Line Quarter, Year on Track, CEO Taking Health-Related Leave

Executive Summary

  • Oracle reported fiscal 1Q20 revenues of $9.22 billion, up 0.2% year over year and slightly below the consensus estimate. Adjusted EPS was $0.81, up 13.7% year over year and in line with the consensus estimate.
  • Cloud license and on-premise license was the fastest-growing segment, with revenues up 3.0% year over year. The cloud ERP businesses, which includes Fusion ERP and NetSuite ERP, grew 33% in the quarter.
  • The company did not change fiscal 2020 guidance, which calls for revenues to grow faster than in FY19 in constant currency (faster than 3%) and double-digit EPS growth.

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