CLAIM #47196 · ORCL (ORCL) · 2023Q2 earnings call · Dec 12, 2022 · due May 31, 2023
“And as I’ve said before, Cerner will be accretive to earnings this year, including in Q3.”
Safra Catz · CEO
In context
“east a $0.06 negative effect on EPS in Q3. As I say every quarter, the actual currency impact may be different by quarter end, but we’ve got to use a number, so we’re using the number right now. Total revenues for Q3, including Cerner, are expected to grow from 21% to 23% in constant currency and are expected to grow from 17% to 19% in USD. Total cloud growth, including Cerner, is expected to grow from 46% to 50% in constant currency and 43% to 47% in USD. I expect the total cloud growth for the fiscal year, excluding Cerner will be above 30% in constant currency. Non-GAAP EPS is expected to grow between 9% and 13% and be between $1.23 and $1.27 in constant currency. Again, due to currency headwinds, non-GAAP EPS is expected to grow between 4% and 8% and be between $1.17 and $1.21 in USD. And as I’ve said before, Cerner will be accretive to earnings this year, including in Q3. My EPS guidance for Q3 assumes our base tax rate of 20.5%, which is up from 19% last year. 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. Larry Ellison: Thank you, Safra. Okay. I’m going to go over -- primarily, I’m going to go over customers and new wins in infrastructure and then customers and wins and go-lives in applications. But I’m going to start with infrastructure. So, during Q2, we signed multiple customers to contracts exceeding $1 billion, infrastructure contracts exceeding $1 billion. Let me be clear, multiple customers signed contracts for $1 billion worth of infrastructure. So, given -- that’s been added to our backlog, we expect our infrastructure business to continue to gro”
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SEC filings for ORCL ↗ · Claim quote is verbatim from the 2023Q2 earnings call.