Oracle Corp (NYSE:ORCL, ETR:ORC) is expected to report higher sales but a modest decline in profits for the fiscal fourth quarter when it hands down its latest quarterly results after the stock market closes on Tuesday, June 11.
The cloud services provider is expected to report a 5.2% increase in sales to $14.56 billion from $13.84 billion in the year-ago quarter.
Cloud license and on-premise license revenue is expected to come in at $2.06 billion, down 4.3% from the year-ago quarter, while Cloud services and license support revenue is seen jumping 25.7% to $11.78 billion.
Hardware revenue is seen 7% lower at $790.9 million and Services revenue is expected to be down 2.7% at $1.43 billion.
Earnings per share (EPS) are expected to decline from $1.67 to $1.64.
Analysts expect Oracle to report growth across the top and bottom lines for fiscal 2024.
Revenue is expected to grow by about 6.5% to $53.22 while EPS is seen growing about 9% to $5.58.
Shares of Oracle were down around 0.12% on Tuesday afternoon leading up to its earnings release.
--Updates with share price--