EUR/USD 1.15245
-0.560%
Gold 4584.74
-3.644%
Oil 101.259
7.498%
USD/JPY 159.406
0.377%
GBP/USD 1.32079
-0.742%
GBP/JPY 210.511
-0.330%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Polish central bank board member Levinyuk: We should not expect an interest rate cut in the near future. If the inflation trend shows a downward trend, we will consider raising interest rates.The most active Shanghai silver futures contract plunged 6% intraday, currently trading at 17,542 yuan/kg. The most active Shanghai gold futures contract fell 2% intraday, currently trading at 1,016.06 yuan/gram.On April 2nd, Chery Group announced that after becoming the first Chinese brand automaker to surpass 6 million units in cumulative exports in February, it exported 148,777 vehicles in March alone, a year-on-year increase of 72%, setting a new record for monthly automobile exports in China. In the first quarter, cumulative exports reached 393,311 vehicles, a year-on-year increase of 53.9%. This marks the 11th consecutive month that Cherys monthly exports have exceeded 100,000 units.The chart shows that at 22:00 Beijing time on April 2nd, there will be large foreign exchange options contracts for Euros, Japanese Yen, etc. These include four contracts with strike prices exceeding 1 billion. Please manage your risks.On April 2nd, the Guangzhou Municipal Development and Reform Commission publicly solicited opinions on the "Guangzhou Municipal Modern Infrastructure Development 15th Five-Year Plan (Draft for Solicitation of Opinions)". The draft proposes to implement the provincial and municipal general aviation layout plans, constructing a tiered system of "Level 1 Low-Altitude Take-Off and Landing Hubs - Level 2 Low-Altitude Take-Off and Landing Hubs - Level 3 Low-Altitude Take-Off and Landing (Fields)", creating a tiered low-altitude take-off and landing facility layout to form a "full-scenario, multi-level, three-dimensional, and wide-coverage" low-altitude flight service network. It also aims to build a city-wide low-altitude flight hub network that is "comprehensively covered, functionally complete, and highly efficient and coordinated". The plan includes the construction of multiple take-off and landing bases, primarily responsible for intelligent aircraft take-off and landing, energy replenishment, parking and transfer, maintenance and repair, and public testing, while also accommodating helicopter take-off and landing needs. The plan also outlines the layout of take-off and landing runways, accommodating the needs of high-capacity, long-distance flights, and establishing a vital carrier for low-altitude economic activities and a central hub for low-altitude flight organization throughout the city.

Oracle Sales And Earnings Exceed Forecasts Amid Cloud Surge

Aria Thomas

Jun 14, 2022 11:50

14.png


Oracle Corp surpassed Wall Street projections for quarterly profit and sales on Monday, as demand for its cloud products surged in tandem with the industry-wide transition to cloud-based systems.


In extended trading, shares of the Austin, Texas-based corporation whose fourth-quarter sales increased by 5 percent soared by almost 12 percent.


Safra Catz, chief executive officer of Oracle (NYSE:ORCL), stated in a statement, "We think this revenue growth increase signals that our infrastructure business has entered a hyper-growth period."


Oracle, which projected a currency headwind of 5% in the fourth quarter, up from 2% to 3% in the third quarter, forecasts significant revenue growth in its cloud business despite growing inflation and a higher dollar.


Microsoft (NASDAQ:MSFT) in April and Salesforce (NYSE:CRM) Inc in May signaled a solid future for the cloud industry as corporations raise expenditure, but Microsoft reduced its fourth-quarter profit and sales prediction earlier this month owing to unfavorable currency exchange rates.


Oracle predicted a quarterly loss of $100 million in fiscal year 2023 due to the suspension of services in Russia.


However, the business anticipates first-quarter sales growth between 17 and 18 percent, thanks to its $28 billion purchase of healthcare IT provider Cerner Corp. (NASDAQ:CERN).


Oracle's prediction was released on a day when U.S. stock markets plummeted, with the S&P 500 confirming it was in a bear market, as investors feared that aggressive interest rate rises by the Federal Reserve may drive the country into recession.


The business anticipates adjusted first-quarter EPS between $1.04 and $1.08, compared to the average analyst expectation of $1.13.


According to IBES statistics from Refinitiv, revenue for the fourth quarter ended May 31 increased to $11.84 billion, above analysts' average forecast of $11.66 billion.


Excluding adjustments, the company's earnings per share were $1.54, above analysts' predictions of $1.37.


Suggestion