Oracle Corporation (NYSE: ORCL) stock fell over 7.1% on 20th June, 2018 (As of 12:15 PM GMT-4 ; Source: Google finance). In the fourth quarter, currency movements as resulted in a 2% tailwind on revenue, which was approximately $140 million less than when guidance was given, and currency movements had a $0.02 positive impact to non-GAAP EPS.
In the fourth quarter of FY 18, the tech stock has reported the adjusted earnings per share of 99 cents, beating the analysts’ estimates for the adjusted earnings per share of 94 cents. The company had reported the adjusted revenue growth of 3 percent to $11.3 billion in the fourth quarter of FY 18, beating the analysts’ estimates for revenue of $11.19 billion. In the fourth quarter 2018, Cloud Services and License Support revenues were up 8% to $6.8 billion. In the fourth quarter, Cloud License and On-Premise License revenues were down 5% to $2.5 billion.
REDWOOD CITY CA/USA – MAY 31 2014: Oracle corporate headquarters in Silicon Valley. Oracle is a computer technology corporation specializing in database management systems.
Over the last 12-months, ORCL has repurchased 238 million shares for a total of 11.5 billion. Since FY 2011, when the company ramped up the share purchase program, ORCL have reduced the shares outstanding by more than 20%. Further, the company has paid out dividends of $3.1 billion over the last 12-months and the Board of Directors have again declared a quarterly dividend of $0.19 per share.
For the fourth quarter of 2018, the company’s on-GAAP Operating Income was up 6% to $5.3 billion, and non-GAAP Operating Margin was 47%. The company has reported the on-GAAP Net Income was $4.1 billion. At the end of fourth quarter 2018, short-term deferred revenues were up 2% to $8.4 billion, while Operating Cash Flow on a trailing twelve-month basis was up 9%, or $1.3 billion, to a record $15.4 billion.
In the first quarter 2019, ORCL expects the total revenues are expected to grow 1% to 3% in constant currency and non-GAAP earnings per share in constant currency is expected to grow between 11% and 15%, which means it is expected to be in the range of $0.68 to $0.70.
For the full year, the compay expect to have a higher revenue growth rate than FY 2018 and once again deliver double-digit non-GAAP EPS growth. Total capex for FY 2019 is expected to be similar to FY 2018’s capex of $1.7 billion, but it could be a little higher depending on bookings.