(CercleFinance.com) – Oracle climbed 5% on Wall Street, the day after the publication by the enterprise software publisher of its fourth quarter 2022-23 results, a solid publication with expectations beaten both in terms of revenue and profit, according to Jefferies.
The group recorded an adjusted EPS up 8% to 1.67 dollars (+10% at constant exchange rates), thus exceeding a target range of 1.56-1.60 dollars, despite an adjusted operating margin in down nearly three points to 44%.
At more than 13.8 billion dollars, its turnover increased by 17% (+18% at constant exchange rates), supported by cloud revenues (infrastructures and applications) growing by more than half (+54 %) to reach 4.4 billion.
“The current quarter guidance confirms our thesis of Oracle growing in the high single-digit organic range,” said Jefferies, who remains “buy” on the stock with a price target raised to 125. at $135.
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