Oracle Said Expect Total Revenues For Q1, Including Cerner, To Grow 7% To 9% In Constant Currency, And Expected To Grow From 8% To 10% In USD; Said Total Q1 Cloud Revenue, Excluding Cerner, Is Expected To Grow 28% To 30% In Constant Currency - Conf Call
Portfolio Pulse from Charles Gross
Oracle expects total revenues for Q1, including Cerner, to grow 7% to 9% in constant currency and 8% to 10% in USD. Total Q1 cloud revenue, excluding Cerner, is expected to grow 28% to 30% in constant currency.
June 12, 2023 | 9:29 pm
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Oracle's Q1 total revenues, including Cerner, are expected to grow 7-9% in constant currency and 8-10% in USD. Q1 cloud revenue, excluding Cerner, is projected to grow 28-30% in constant currency.
Oracle's expected revenue growth, including the impact of Cerner, indicates a positive outlook for the company. The strong growth in cloud revenue, excluding Cerner, further supports this positive outlook. This news is likely to have a positive impact on Oracle's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100