Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MICROSOFT CORPORATION

(MSFT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Cloud ramp up weighs on Oracle's profit view, shares fall

06/15/2021 | 04:15pm EDT

June 15 (Reuters) - Oracle Corp on Tuesday forecast current-quarter profit below Wall Street estimates, as the business software maker ramps up investments in its cloud computing business to take on rivals including Microsoft and Amazon.com.

The company is planning to double its capital spending on the cloud segment to nearly $4 billion in fiscal 2022 as it benefits from the pandemic with businesses opting for hybrid-work models.

Increased investment in cloud, however, led Oracle to forecast first-quarter earnings per share of 94 cents to 98 cents, below expectations of $1.03, sending its shares down 4.5% in extended trading.

The company has been setting up more data centers to assist businesses as they expand operations, helping it beef up cloud offerings and win high-profile customers such as Zoom Video Communications.

Investors and analysts though still see the 45-year-old company as a niche player when compared to giants such as Alphabet Inc's Google, Microsoft and Amazon.

"The company still has a lot of work to do and progress to make before they are considered in the same category as the leading cloud infrastructure companies," said Scott Kressler, analyst at Third Bridge.

"One of Oracle's biggest issues is how small the company's revenue growth has been, despite a focus on its cloud solutions."

Oracle said it expects current-quarter revenue at its largest unit, cloud services and license support, to grow by 4%, which comes to about $7.2 billion, according to Reuters' calculations. Analysts on average expect it to be $7.36 billion.

The company posted adjusted profit of $1.54 per share on revenue of $11.23 billion in the fourth quarter ended May 31, compared with estimates of a profit of $1.31 and revenue of $11.04 billion. (Reporting by Eva Mathews in Bengaluru; Editing by Vinay Dwivedi)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 3.58% 2660.3 Delayed Quote.51.79%
AMAZON.COM, INC. 0.51% 3656.64 Delayed Quote.12.27%
MICROSOFT CORPORATION 1.23% 289.67 Delayed Quote.30.24%
ZOOM VIDEO COMMUNICATIONS, INC. -0.60% 359.23 Delayed Quote.6.50%
All news about MICROSOFT CORPORATION
07/25Asia stocks hit seven-month low as China skids, funds favour Wall Street
RE
07/25MARKET CHATTER : Biden in No Hurry to Sanction Beijing Over Alleged Hacks
MT
07/25Asia stocks hit 7-mth low as China skids, funds favour Wall St
RE
07/25Wall St Week Ahead-Big tech companies retake market reins with earnings on ta..
RE
07/23Dow Jones Industrial Average : Wall Street closes at record highs
RE
07/23WEEK AHEAD : Fed meets, tech profits, Robinhood IPO
RE
07/23Tech Up As Momentum Builds Ahead Of Earnings -- Tech Roundup
DJ
07/23MICROSOFT : Get quickly caught up to speed on the Summer Games 2020 with Microso..
PU
07/23Big tech companies retake market reins with earnings on tap
RE
07/23Wall Street extends rally, S&P, Nasdaq on course for record closing highs
RE
More news
Financials (USD)
Sales 2021 166 B - -
Net income 2021 59 435 M - -
Net cash 2021 66 434 M - -
P/E ratio 2021 37,1x
Yield 2021 0,77%
Capitalization 2 182 B 2 182 B -
EV / Sales 2021 12,7x
EV / Sales 2022 11,2x
Nbr of Employees 163 000
Free-Float 99,9%
Chart MICROSOFT CORPORATION
Duration : Period :
Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | MarketScreener
Technical analysis trends MICROSOFT CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 43
Last Close Price 289,67 $
Average target price 305,58 $
Spread / Average Target 5,49%
EPS Revisions
Managers and Directors
Satya Nadella Chairman & Chief Executive Officer
Bradford L. Smith President & Chief Legal Officer
Amy E. Hood Chief Financial Officer & Executive Vice President
James Kevin Scott Chief Technology Officer & Executive VP
Gina L. Loften Chief Technology Officer
Sector and Competitors
1st jan.Capi. (M$)
MICROSOFT CORPORATION30.24%1 996 018
SEA LIMITED49.55%148 598
ZOOM VIDEO COMMUNICATIONS, INC.6.50%109 747
ATLASSIAN CORPORATION PLC16.00%66 486
DASSAULT SYSTÈMES SE33.78%63 952
PALANTIR TECHNOLOGIES INC.-7.39%50 259