"Cloud competitors have their eyes on Oracle as the company continues to rapidly build out its SaaS and PaaS product offerings. To put this in perspective, Oracle’s human capital management (HCM) SaaS product secured three times as many new customers as competitor Workday’s similar HCM product. This focus on the cloud has led Oracle to expect approximately $1.5-$2 billion in new SaaS and PaaS purchases this year alone. Oracle’s SaaS and PaaS revenues experienced a 54% increase last quarter as a result of the shift of 95% of its services to the cloud. While the cloud has been gaining traction, it hasn’t been enough to offset weakness in Oracle’s bread and butter software licensing division, which dropped 16% last quarter. For that reason, Oracle has not been able to beat analyst estimates on the bottom-line for the past eight quarters, missing in five of those quarters and meeting in the other three. Revenues have been even worse, missing expectations in six of the past eight quarters. Year-to-date the stock has dropped nearly 15%."
Report Wednesday, December 16;
Information Technology - Software | Reports December 16, after the close.
The "community" consensus calls for EPS of $0.61, in-line with Wall Street. Revenue estimates are also quite close, with the "community" calling for $9.113B and the Street slightly lower at $9.094B.