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Oracle (NYSE: ORCL) 4Q19 Results: Exits the Year on a High Note, Strong Fusion Growth, Solid Full-Year Guidance

Executive Summary

  • Oracle reported fiscal 4Q19 revenues of $11.14 billion, up 1.1% year over year and ahead of the $10.93 billion consensus estimate. Adjusted EPS was $1.16, up 22.5% year over year and above the consensus estimate of $1.07.
  • Cloud license and on-premise license was the fastest-growing segment, with revenues up 12.1% year over year. Fusion app revenue increased 36% in the quarter.
  • Fiscal 2020 guidance calls for revenues to grow faster than FY19 in constant currency (faster than 3%) with double-digit EPS growth, versus the consensus of 10% EPS growth.

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