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Oracle Expects Its Solid Revenue Growth Trajectory Will Continue Into This Fiscal Quarter

publication date: Mar 15, 2022
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Image Source: Oracle Corporation – September 2019 IR Presentation. 

On March 10, Oracle Corp reported third quarter earnings for fiscal 2022 (period ended February 28, 2022) that matched consensus top-line estimates but missed consensus bottom-line estimates. The company’s revenue growth came in at a decent clip last fiscal quarter, and that trajectory is expected to continue into the current fiscal quarter, according to guidance management announced during Oracle’s latest earnings call. We include Oracle as an idea in the Dividend Growth Newsletter portfolio, and shares of ORCL yield ~1.7% as of this writing.

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