Enterprise software maker Oracle posts its fourth-quarter earnings for the financial year 2020 when US markets close on June 16 (Tuesday).
Oracle’s
fiscal fourth-quarter performance is anticipated to have benefited from robust
demand for its Cloud Infrastructure services. Moreover, the coronavirus crisis
triggered increased utilization of cloud-based applications amid work-from-home
and online learning wave might have bolstered adoption. This, in turn, is
likely to have contributed to the to-be-reported quarter’s performance.
Markedly,
during the quarter under review, Zoom Video Communications ZM and 8×8 EGHT
selected Oracle Cloud Infrastructure services to enhance video meeting
solutions securely amid explosive growth in user base.
Moreover,
traction of its cloud services, which are being utilized by internet content
providers – Phenix, Net Insight, and Mynet Inc. to support the surge in demand
for streaming content, may get reflected in fiscal fourth-quarter revenues.
Notably,
the Zacks Consensus Estimate for cloud license and on-premise license revenues
is pegged at $2.169 billion, indicating an improvement from $1.231 billion in
the fiscal third quarter.
Furthermore,
ongoing momentum in the next-generation autonomous database, supported by ML
and AI capabilities, is expected to get reflected in the fiscal fourth-quarter
results.
Additionally,
the robust adoption of Oracle Data Cloud services, which offers marketers the
required data and tools to strengthen their end-to-end marketing processes,
might have contributed to the to-be-reported quarter’s performance.
In
the fiscal fourth quarter, Oracle’s Data Cloud offering — Moat — was selected
by Taboola to enable its video advertisers to validate and quantify ad-content
viewability and delivery on a real-time basis.
Further,
momentum in cloud-based Fusion HCM, NetSuite ERP, and Fusion ERP applications
is expected to have continued in the fiscal fourth quarter, driven by
coronavirus crisis-induced demand for cloud-based applications. Notably, Fusion
HCM, NetSuite ERP, and Fusion ERP businesses were up 27%, 26%, and 38% year
over year in the fiscal third quarter, respectively.
During
the fiscal fourth quarter, American Electric Power AEP selected Oracle
Utilities Opower solution to provide customers with personalized energy
management programs.
Notably,
the Zacks Consensus Estimate for total hardware revenues in the fiscal fourth
quarter is pegged at $889 million, indicating growth from $857 million in the
fiscal third quarter. Meanwhile, the consensus mark for Services revenues is
pegged at $785 million, indicating improvement from $778 million in the fiscal
third quarter.
However,
increasing expenses on product development, on account of product rollouts and
enhancements amid stiff competition in the cloud computing market, are expected
to have weighed on fiscal fourth-quarter margins.
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