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CLAIM #47155 · ORCL (ORCL) · 2022Q4 earnings call · Jun 13, 2022 · due May 31, 2023

And as I've said before, Cerner will be accretive to earnings this year, including Q1.

Safra Catz · CEO

PENDING
graded after results covering May 31, 2023 are reported

In context

2% in constant currency, and are expected to grow 17% to 19% in USD at today's exchange rate. As with past acquisitions, have added conservatism for the Cerner revenue contribution to account for the transition. For Q1, cloud -- total cloud excluding Cerner is expected to grow from 25% to 28% in constant currency and is expected to grow from 22% to 25% in USD. As I mentioned above, for fiscal year 2023, total cloud excluding Cerner is expected to grow over 30% in constant currency. Total cloud growth in Q1, including Cerner is expected to grow from 47% to 50% in constant currency, 44% to 47% in USD. Non-GAAP EPS is expected to grow between 6% to 10% and be between $1.09 and $1.13 in constant currency. Non-GAAP EPS is expected to grow between 1% to 5% and be between $1.04 and $1.08 in USD. And as I've said before, Cerner will be accretive to earnings this year, including Q1. My EPS guidance for Q1 assumes a base tax rate of 19%. However, onetime tax events could cause actual tax rates for any given quarter to vary. And with that, I'll turn it over to Larry for his comments. Lawrence Ellison: Thank you, Safra. As Safra said, our plan is to accelerate cloud revenue growth, while continuing to grow earnings per share. First, let me provide some detail on how we plan to accelerate cloud revenue growth. It all starts with our two most important verticals: health care and financial services. In health care, we’re in the process of building a complete suite of applications for the entire health care ecosystem, starting with health care providers like hospitals and clinics. We’re modernizing Cerner’s clinical systems by adding capabilities like a voice user interface

Verify independently

SEC filings for ORCL · Claim quote is verbatim from the 2022Q4 earnings call.