CLAIM #47177 · ORCL (ORCL) · 2023Q1 earnings call · Sep 12, 2022 · due May 31, 2023
“As I've said before, Cerner will be accretive to earnings this year, including in Q2.”
Safra Catz · CFO
In context
“My EPS guidance for Q2 assumes a tax rate of 20.5, which is up from 19.2 last year. However, one-time tax events could cause actual tax rates for any given quarter to vary. So now to guidance. Total revenues for Q2, including Cerner are expected to grow from 21% to 23% in constant currency, and are expected to grow from 15% to 17% in USD. Total cloud growth, again including Cerner, is expected to grow from 46% to 50% in constant currency, 42% to 46% in USD. I expect that total cloud growth for the fiscal year excluding Cerner will be above 30% in constant currency. Non-GAAP EPS growth is expected to grow between 1% to 5% and be between $1.23 and $1.27 in constant currency, again due to currency headwinds, non-GAAP EPS is expected to decline 1% to 5% and be between $1.16 and $1.20 in USD. As I've said before, Cerner will be accretive to earnings this year, including in Q2. And with that, I turn it over to Larry for his comments. Larry Ellison: Thank you, Safra. Last quarter, Microsoft and Oracle announced that we had built a high speed interconnect between Microsoft Azure Cloud and the Oracle Cloud. The purpose of this Multi-cloud interconnect is to enable Azure customers to directly use the very latest Oracle Database technology, even if their application is running in Azure. In other words, customers can now use any combination of Microsoft and Oracle Cloud services together as if they were in one cloud. That was last quarter. This quarter, Oracle is making the latest version of our mice MySQL HeatWave database available in Amazon's AWS cloud. Multiple published customer benchmarks have shown that MySQL HeatWave delivers 7x better performance than Amazon”
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SEC filings for ORCL ↗ · Claim quote is verbatim from the 2023Q1 earnings call.