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Oracle Announces Q4 2022 Earnings, Shares Rise Better than Expected

Oracle shares were trading high more than 8% on Monday after the database software company issued fiscal Q4 results that exceeded estimates.

Here’s the lookout, how the company did:

  • Earnings: EPS of $1.54 adjusted, vs. $1.37 as expected by analysts.
  • Revenue: Revenue grew 5% year-over-year to $11.84 billion vs $11.66 billion, according to Refinitiv.

“We continued to improve our top line results again this quarter with total revenue growing 10% in constant currency. These consistent increases in our quarterly revenue growth rate typically have been driven by our market leading Fusion and NetSuite cloud applications. But this Q4, we also experienced a major increase in demand in our infrastructure cloud business—which grew 39% in constant currency.

We believe that this revenue growth spike indicates that our infrastructure business has now entered a hyper-growth phase. Couple a high growth rate in our cloud infrastructure business with the newly acquired Cerner applications business—and Oracle finds itself in position to deliver stellar revenue growth over the next several quarters,” said Oracle CEO, Safra Catz.

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