Oracle Shares Slip as Q4 Sales Drop 6%

Oracle posted lower-than-expected quarterly income as shoppers in this kind of industries as hospitality and retail deferred buys because of to the coronavirus pandemic.

For the fourth quarter, Oracle’s full income fell six% to $ten.forty four billion, missing its assistance in March for amongst $ten.ninety two billion and $11.36 billion and analysts’ estimates of $ten.sixty one billion.

Revenue of Oracle’s cloud-based company resource planning software package were particularly powerful, with Fusion and NetSuite rising 32% and 27%, respectively.

Adjusted earnings were $one.twenty for each share as opposed to Wall Street’s forecast of $one.fifteen for each share.

“Our general organization did

Read More

HPE Has ‘Tough’ Quarter With 16% Sales Drop

Hewlett Packard Enterprise shares dipped in soon after-hours investing Thursday soon after the computing large documented a sixteen% drop in quarterly earnings, reflecting supply chain disruptions prompted by the coronavirus pandemic.

HPE’s earnings for the 2nd quarter declined to $six billion from $ billion in the yr-back period. Analysts experienced predicted sales of $six.33 billion.

The company also posted a internet reduction of $821 million, or 64 cents a share. Just after adjustments for 1-goods, it earned 22 cents a share, lacking estimates of 30 cents a share.

“This was a rough quarter by each individual measure and I’m of

Read More

Denny’s Off-Premise Sales Soften COVID Impact

Denny’s shares jumped in just after-hours buying and selling Thursday just after the cafe chain reported greater-than-predicted earnings in spite of losing its dine-in business to coronavirus shutdowns.

For the very first quarter finished March twenty five, Denny’s attained web revenue of $9 million, or sixteen cents a share, when compared with web revenue of $fifteen.5 million, or twenty five cents a share, a calendar year in the past. Earnings tumbled 36% to $ million as the business was limited to pick-up and delivery product sales channels for considerably of the quarter.

Analysts experienced predicted earnings of 11 cents per

Read More

Automakers warn of up to 45% sales drop as economy slumps amid pandemic

India’s automakers have warned that complete automobile product sales could fall as considerably as 45% in the present-day fiscal calendar year in a worst-scenario scenario as economic advancement slumps thanks to the Covid-19 pandemic, and they are trying to find federal government enable via the disaster.

The Society of Indian Vehicle Companies (SIAM), an sector trade overall body, told federal government officials last week that if the overall economy contracts by two% in the calendar year commencing April 1, product sales of cars and trucks, vans and motorbikes could decline by as considerably as 45% from a calendar year in

Read More

Metric of the Month: Days Sales Outstanding

As the financial impacts of COVID-19 carry on to unfold in the United States and all-around the entire world, lots of businesses experience hard decisions. For illustration, a new survey of finance executives by CFO observed that fifty% of businesses are scaling again or delaying investments appropriate now, while 35% are laying off or furloughing workers. Income movement is a prime worry for finance executives (66% of respondents), second only to the length of the financial downturn triggered by COVID-19 (sixty eight%).

If your firm is slashing discretionary paying, lengthening its payables, and making some tough in close proximity to-time

Read More