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1. Russian President Vladimir Putin: The attack by Ukraine has caused some damage to Russia. 2. Kernel, a Ukrainian agricultural and food exporter: Infrastructure at the port of Chornomorsk, Ukraine, has been damaged. 3. According to RIA Novosti: Russia and Ukraine have each exchanged 185 prisoners of war. 4. According to the Wall Street Journal: Sources say a Ukrainian team used satellite intelligence to destroy billions of dollars worth of Russian assets. 5. According to Ukrainian sources, Chernihiv was attacked by a drone, injuring seven people. 6. Russian President Vladimir Putin: Has reviewed Zelenskys letter. 7. International Atomic Energy Agency (IAEA): Has been informed of a serious incident that occurred today during the agreed-upon partial ceasefire and demining phase near the Zaporizhia nuclear power plant. Several Russian military personnel were injured in the incident. 8. Regarding the incident at the Zaporizhia nuclear power plant, IAEA Director General Grossi called on all parties to exercise maximum military restraint and fully comply with the ceasefire agreement. 9. Putin rejected Zelenskys proposal for "talks," saying it was meaningless. 10. German Chancellor Merz: We will meet with Ukrainian President Zelensky on Sunday through the E3 mechanism (Germany, France and the United Kingdom).On June 6th, US President Trump stated at a campaign event in Wisconsin on the 5th that he would swiftly end the war with Iran, thus eliminating a major factor contributing to high prices. With the midterm elections approaching, US media widely believe that the US-Iran conflict has led to rising oil prices and increased living costs, putting pressure on the Republican Partys election prospects.US President Trump: Most of Iran’s drone factories, launch sites and missile manufacturing areas have been destroyed.US President Trump: In the conflict so far, we have completely destroyed their military, although Iran still has some missiles and drones.US President Trump: Iran has no choice, but it will take some time.

Oracle Sales And Earnings Exceed Forecasts Amid Cloud Surge

Aria Thomas

Jun 14, 2022 11:50

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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.


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