Oracle Q4 Adjusted EPS $2.11 Beats Estimates; Wins Federal HR Cloud Contract
ORCL•Oracle posted fiscal Q4 profit of $4.3 billion with adjusted EPS of $2.11 beating the $1.96 consensus and revenue of $19.18 billion topping forecasts of $19.08 billion. The company also won a U.S. government-wide cloud HR platform contract from OPM to replace individual agency systems.
1. Q4 Earnings Results
Oracle reported fiscal fourth-quarter profit of $4.3 billion, or $1.45 per share, with adjusted earnings of $2.11 per share versus analysts’ estimate of $1.96. Revenue reached $19.18 billion, surpassing the $19.08 billion forecast, and the company issued guidance of $1.72–$1.76 EPS for the next quarter and full-year EPS of $8.05 on $90 billion in revenue.
2. Federal HR Cloud Contract
Oracle secured a contract from the Office of Personnel Management to deploy a cloud-based HR platform across U.S. federal agencies, replacing disparate legacy systems. While the total contract value remains undisclosed, the deal positions Oracle as a key partner in overhauling government HR technology and may yield multiyear recurring revenues based on data migration and security needs.
Related News
Sources
