Oracle (ORCL) Q4 Earnings Beat Estimates, Revenues Miss

Oracle ORCL reported fourth-quarter fiscal 2020 non-GAAP earnings of $1.20 per share, beating the Zacks Consensus Estimate by 5.26%. Further, the bottom line was up 3% from the year-ago quarter (up 5% in constant currency or cc).

However, non-GAAP revenues declined 6% (down 4% in cc) year over year to $10.441 billion, missing the Zacks Consensus Estimate by 1.64%.

Notably, shares of Oracle were down around 3% in the pre-market, on Jun 17, following bleak fiscal fourth-quarter top-line performance.

The company’s shares have declined 8% year to date, against the industry’s rally of 14.2%.

Top Line in Detail

Oracle reported total revenues (on a GAAP basis) of $10.44 billion, down 6% (down 4% in cc) year over year, primarily led by decline in license revenues.

Revenues by Offerings

Oracle’s top line benefited from the ongoing cloud-based momentum. Cloud services and license support revenues (66% of total revenues) in the reported

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Virtusa (VRTU) Lags Q4 Earnings and Revenue Estimates

Virtusa (VRTU) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -30.51%. A quarter ago, it was expected that this provider of information technology services would post earnings of $0.76 per share when it actually produced earnings of $0.78, delivering a surprise of 2.63%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Virtusa, which belongs to the Zacks Computer – Services industry, posted revenues of $329.65 million for the quarter ended March 2020, missing the Zacks Consensus Estimate by 0.10%. This compares to year-ago revenues of $327.63 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock’s immediate price

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