Oracle (OCLCF, $57.59) crushes fiscal Q4 earnings expectations
Oracle posted its fiscal fourth-quarter results that surpassed analysts' expectations.
The software behemoth’s adjusted earnings for the quarter came in at $1.54 per share, well above the $1.37 expected by analysts polled by Refinitiv.
Revenue rose +5% from the year-ago quarter to $11.84 billion, topping analysts’ estimates of $11.66 billion. Oracle’s cloud infrastructure business increased sales by +36%, lifting total cloud revenue by +19% to $2.9 billion, according to the company.
The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), SERVICENOW (NYSE:NOW), Uber Technologies (NYSE:UBER), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), Activision Blizzard (NASDAQ:ATVI).
Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
The average market capitalization across the Packaged Software Industry is 7.78B. The market cap for tickers in the group ranges from 291 to 2.47T. MSFT holds the highest valuation in this group at 2.47T. The lowest valued company is BLGI at 291.
High and low price notable news
The average weekly price growth across all stocks in the Packaged Software Industry was 2%. For the same Industry, the average monthly price growth was 11%, and the average quarterly price growth was 23%. QGSI experienced the highest price growth at 239%, while WEJO experienced the biggest fall at -65%.
The average weekly volume growth across all stocks in the Packaged Software Industry was 1%. For the same stocks of the Industry, the average monthly volume growth was 22% and the average quarterly volume growth was 20%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 53
P/E Growth Rating: 72
Price Growth Rating: 52
SMR Rating: 83
Profit Risk Rating: 89
Seasonality Score: 9 (-100 ... +100)