Investing.com – Oracle’s Q1 EPS seen up 9.4% yoy at $0.58 on revenues of $8.73 bn.
Oracle earnings report due for release Thursday after the market closes.
Focus on cloud business as future growth driver; company playing catch-up in sector.
Software licensing income down 15% on the year; hardware revenues have also taken hit.
Progress report on closure of NetSuite acquisition for $9.3 bn also expected.
Oracle (NYSE:ORCL) shares were 0.22% at $40.34 at 10:00 ET; little upside seen in stock.