Oracle up 10% on Q4 results: ‘prospects for Oracle continue to look better’

Shares of Oracle Corporation (NYSE: ORCL) jumped 10% in extended trading after the computer software company reported strong results for its fiscal fourth quarter.

Notable figures in oracle Q4 results

• Net income printed at $3.2 billion versus the year-ago figure of $4.0 billion
• Per-share earnings of $1.16 were below $1.37 in Q4 of the previous year
• On an adjusted basis, EPS stood at $1.54 in the recent financial quarter
• Revenue went up 5.0% year-over-year to $11.8 billion in fiscal Q4.
• FactSet consensus was for $1.37 of adjusted EPS on $11.8 billion in revenue

Infrastructure cloud revenue saw an annualised growth of 39%. In the earnings press release, CEO Safra Catz said:

Dividend and analyst’s remarks

Oracle also announced 32 cents a share of quarterly cash dividend on Monday. Speaking with MarketWatch, Futurum Research’s Daniel Newman agreed the most noteworthy of all numbers in the earnings report was the growth in cloud infrastructure business.

Last week, Oracle completed acquisition of Cerner Corp. The stock is still down roughly 20% for the year.