Wow: now even usually obsequious Fortune has declared that: “The Silicon Valley company’s third fiscal quarter results show plainly that this software emperor has no cloud clothes “
The truth is the truth!
5 replies (most recent on top)
If you calculate Q3 2019 EPS using the number of shares outstanding in Q3 2014 rather than the current number of shares, both basic and diluted EPS is 21% LOWER!
Fortune seems to go after the click bait.
https://www.forbes.com/sites/greatspeculations/2019/03/15/oracle-q3-cloud-continues-to-surprise/amp/
I don't have time to run the numbers but I'll guess that when taking the stock buyback into account, they numbers look even worse. The long knives are really starting to come out.
Wow. Pretty brutal. I guess market analysis is like women's fashion (old dig at LE) because they are now piling on the buyback financial engineering and puny gains.
Here is the link. http://fortune.com/2019/03/15/data-sheet-oracle-stock/