EUR/USD 1.15421
0.034%
Gold 4676.00
-1.726%
Oil 103.832
10.230%
USD/JPY 159.589
-0.003%
GBP/USD 1.32349
0.068%
GBP/JPY 211.200
0.099%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 3, local time, Kyiv Oblast Governor Kalashnikov announced that the region had been hit by a large-scale missile and drone attack launched by Russia. The attack has resulted in one death and one injury. Local air defense forces have launched air defense operations in the area. Russia has not yet responded.The Polish military stated that military air operations related to the Russian airstrikes on Ukraine have ended; no violations of Polish airspace occurred.On April 3, Ukrainian President Volodymyr Zelenskyy is seeking stronger U.S. security guarantees in a peace agreement with Russia, as efforts to restart stalled negotiations with Moscow continue. Zelenskyy stated on Thursday that the U.S. should clearly articulate how it will respond in the event of another Russian attack on Ukraine. He expressed his desire for clearer arrangements regarding funding for maintaining an 800,000-strong post-war army as a deterrent against aggression. He also indicated his hope that the U.S. would provide Ukraine with advanced air defense systems, including THAAD, to help defend against high-speed ballistic missile attacks, similar to the support the U.S. provides to its Middle Eastern allies.On April 3, the Ministry of Civil Affairs released six newly formulated and revised industry standards in the funeral sector, including the "Specifications for Data Sharing and Exchange in Funeral Management Service Information Systems" and the "Public Satisfaction Evaluation of Funeral Services." These standards stipulate measures to promote the informatization of the funeral sector, optimize the service quality of funeral service institutions, and strive to improve the management level of funeral services and solidify the institutional guarantee of "a peaceful passing." The series of standards will take effect on April 5 this year.The Russian Ministry of Finance reported that revenue from oil and gas sales in the Russian state budget was 617 billion rubles in March, compared to 432.3 billion rubles in February.

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