To The Moon

$Oracle(ORCL)$ was an anormaly, who released Q4 earnings ending May 31st this morning, one month later than its peers. However, Oracle's growth and stability beat market estimates, and much better compared with the its peers this quarter, so it also rose by 15% in after-hours trading.

Specifically,

• Total revenue increased by 5% year-on-year to US $11.84 billion, which was better than the US $11.67 billion expected by the market;
• Operating profit was US $559 million, better than the market expectation of US $540 million;
• Earnings per share was $1.54, better than the consensus of $138 million expected by the market.

Oracle began to disclose the revenue data of cloud computing business last year. In Q4, the revenue of cloud computing business increased by 19% year-on-year to US $2.9 billion, which supported its stock price trend to a certain extent.

Of course, the proportion of traditional hardware services continues to decline, and the whole has also declined. Cloud services and licenses support sales, including software-as-a-service SaaS and infrastructure-as-a-service IaaS, up 3% year-on-year to $7.6 billion; Cloud and local licensing revenue rose 16% to $2.54 billion; Hardware sales fell 3pc to 856 million. Revenue from other services rose 3% to 833 million.

In addition, Cerner, a medical service company acquired by Oracle last year, also achieved considerable growth in this quarter.

At the same time, the rising US dollar has a great impact on the company's international business. This quarter, the headwind brought by the exchange rate loss is as high as 5%, and at the last financial report conference, the company expected only 2-3%. The annual revenue of strategic back-office cloud application is 5.4 billion US dollars, and the growth rate at fixed exchange rate is as high as 24%, among which Fusion ERP increased by 23% and NetSuite ERP increased by 30%.