Revenue

2022 - 6 - 13

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Fuel wholesaler in €9.98m settlement with Revenue (RTE.ie)

A Co Louth-based fuel wholesaler has been found by Revenue to owe it almost €10m for under-declaration of VAT after a Revenue investigation case.

A former company director and landlord, Stephen Murphy with an address at Milltown House, Garryhill, Bagelnalstown in Co Carlow, also has to finish paying a settlement of €357,568 for under declaration of income tax. Other settlements not fully paid to Revenue included a settlement of €313,389 with chartered surveyor Donagh Callanan with an address at Euro Business Park, Little Island in Co Cork for under declaration of VAT. Glendalough Stores, which is now in liquidation, had an address at Newtown Business Park, Boyne Business Park in Drogheda. It owed Revenue a total of €3.3m in tax, €3.37m in interest and €3.3m in penalties to bring the total it owed to €9.984m.

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Oracle stock jumps 12% on strong cloud revenue (MarketWatch)

Oracle Corp.'s push to shift more of its business to the cloud paid off in its fiscal fourth quarter, and its stock was benefiting late Monday.

Wall Street analysts expect earnings of $1.13 a share on revenue of $10.2 billion during its current August quarter. Oracle did not issue first-quarter guidance in its earnings release. We believe that this revenue growth spike indicates that our infrastructure business has now entered a hyper-growth phase,” Chief Executive Safra Catz said in a statement. Analysts surveyed by FactSet had estimated earnings of $1.37 a share on revenue of $11.6 billion. Revenue rose 5% to $11.8 billion from $11.2 billion in the year-ago quarter. For the fiscal fourth quarter, Oracle reported net income of $3.2 billion, or $1.16 a share, compared with $4 billion, or $1.37 a share, in the year-ago period.

Oracle Announces Fiscal 2022 Fourth Quarter and Fiscal Full Year ... (Oracle - Investor Relations)

AUSTIN, Texas, June 13, 2022 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2022 Q4 results. Total quarterly revenues were up 5% year- ...

(1) This presentation includes non-GAAP measures. We present constant currency information to provide a framework for We believe free cash flow is also useful as one of the bases for comparing our performance with our competitors. (1) This presentation includes non-GAAP measures. The difference in our GAAP and non-GAAP tax rates for fiscal 2021 was We present constant currency fourth quarter of fiscal 2022 and 2021, respectively. We present constant currency (2) Our cloud strategy, including our Oracle Cloud Software-as-a-Service and Oracle Cloud Infrastructure offerings, may adversely affect our revenues and profitability. (10) Our international sales and operations subject us to additional risks that can adversely affect our operating results. The board of directors declared a quarterly cash dividend of $0.32 per share of outstanding common stock. Cloud license and on-premise license revenues were up 18% in USD and up 25% in constant currency to $2.5 billion.

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Oracle's Cloud Business Shows Momentum, Sending Shares Higher (Bloomberg)

Oracle Corp. reported results and gave a forecast suggesting the effort to move its customers to the cloud is gaining momentum, and the acquisition of ...

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Oracle revenue, profit top estimates on cloud boom (Reuters)

Oracle Corp topped Wall Street estimates for quarterly profit and revenue on Monday, as demand for its cloud products soars amid an industry-wide shift to ...

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Oracle Jumps After Revenue Tops Estimates on Cloud Effort (The Washington Post)

Oracle Corp. reported better-than-expected quarterly revenue and profit in a sign that demand for information technology hasn't been slowed by inflation and ...

Cloud license and on-premise license sales gained 18% to $2.54 billion, beating the average estimate of $2.17 billion. In the fiscal fourth quarter, sales increased 5.5% to $11.8 billion, topping the average analyst estimate of $11.7 billion. Sales of the Fusion application for managing corporate finances rose 20% in the quarter, compared with 33% in the previous period. That revenue may increase as much as 47% in the period ending in August including cloud sales from Cerner, she added. Profit, excluding some items, was $1.54 a share, compared with the average estimate of $1.38 a share. Profit, excluding some items, will be $1.04 to $1.08 a share in the period.

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Image courtesy of "The Business Times"

Oracle jumps after revenue tops estimates on cloud effort (The Business Times)

ORACLE reported better-than-expected quarterly revenue and profit in a sign that demand for information technology hasn't been slowed by inflation and ...

Fitch Affirms Orchard Park CCRC, Inc. 2015 Revenue Bonds at 'BBB' (Fitch Ratings)

Fitch Ratings-New York-13 June 2022: Fitch Ratings has affirmed the 'BBB' Issuer Default Rating (IDR) and the revenue rating on the series 2015 (Orchard.

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Oracle shares rise on better-than-expected earnings report (CNBC)

Oracle exceeded estimates on the top and bottom lines for its fiscal fourth quarter.

Oracle said that unit increased sales by 36%, lifting total cloud revenue by 19% to $2.9 billion. CEO Safra Catz said in a statement that the company saw a "major increase in demand" for cloud infrastructure. - CEO Safra Catz said in a statement that the company saw a "major increase in demand" for cloud infrastructure.

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Oracle revenue, profit top estimates on cloud boom (RTE.ie)

Oracle has topped Wall Street estimates for quarterly profit and revenue, as demand for its cloud products soars amid an industry-wide shift to cloud-based ...

The company said it expects first-quarter adjusted EPS between $1.04 and $1.08 compared with analysts' average estimate of $1.13. The company, however, expects first-quarter revenue growth between 17% and 18%, boosted by its $28-billion acquisition of healthcare IT company Cerner. But it said it expects substantial revenue growth in its cloud business, despite rising inflation and a stronger greenback.

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Oracle jumps after revenue tops estimates on strong cloud effort (gulfbusiness.com)

Sales increased 5.5 per cent to $11.8bn in the fiscal fourth quarter, topping the average analyst estimate of $11.7bn.

Co-founder and chairman Larry Ellison said last week that the deal will help Oracle create a US health records database. Oracle is hoping its $28.3bn acquisition of digital medical records provider Cerner Corp., completed last week, will build inroads in the health care industry, which has been comparatively slow to adopt cloud technology. Revenue from NetSuite’s enterprise planning tools, targeted to small- and mid-sized businesses, increased 27 per cent, the same as in the previous period. “These consistent increases in our quarterly revenue growth rate typically have been driven by our market leading Fusion and NetSuite cloud applications,” chief executive officer Safra Catz said in the statement. Cloud growth had been greater than 20 per cent since Oracle began disclosing it last year. Shares jumped about 9 per cent in extended trading.

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The COO as a new CEO Revenue Partner - CEOWORLD magazine (CEOWORLD magazine)

Mulesoft: the CEO put all its global sales, partner, professional services, support and customer success teams under the President Field Operations as it ...

Best Medical Schools In The World For 2022. Best Fashion Schools In The World For 2022. Best Business Schools In The World For 2022. Best Hospitality And Hotel Management Schools In The World For 2022. Similarly, the growing complexity revenue technologies means many companies also need a revenue operations team. A common approach is to build vertical platform teams that connect marketing, sales, customer success and product. The rise of the thought leadership and influencer economy has also placed new demands on CEOs time. Your COO, by contrast, is probably strongly aligned to the process-driven model. More recently Gong Labs showed that consistency in sales execution across the board was an often overlooked trait of top performers. Many companies now split sales between hunters targeting new logos and account managers who farm existing accounts. Data from Finmark show that the size of the average funding round increased three or four-fold between 2012 and 2021. Here are a few that you as CEOs should keep your eye on.

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Murphy's revenue hits nearly £1.3bn (Construction News)

Murphy's revenue increased by 14 per cent in 2021 – hitting nearly £1.3bn. Financial results for the civils-focused contractor showed its revenue totalled.

This is despite the tough economic background which has presented issues with supply chains and materials shortages. Murphy previously suffered a £26.7m loss in 2018 due to problem contracts. “At the year end, we had a high quality and growing order book of more than £2.24bn, up 28% from the previous year, giving us an exciting pipeline of opportunities, which underpin our confidence for the years to come, as we look to deliver on our ambition of being the leading family-owned construction business.” The group said its strong performance last year had given them confidence for the year ahead that they would be able to deliver on long-term ambitions. Murphy chief executive John Murphy said: “These results reflect the strengthening resilience across the group and the benefits of actions we have taken in recent years to improve contract selectivity, enhance relationships with our key client base, and to focus on generating a strong cash position. The Murphy report said that a renewed focus on its core sectors of energy, transport, water, and construction and property allowed the firm to “successfully navigate the challenges presented by the pandemic”.

Revenue stream for the nuclear regulated asset base (RAB) model (GOV.UK)

We're seeking views on the revenue regulations for the implementation of the nuclear RAB model revenue stream.

It is expected that the consultation will be of particular interest to the statutory consultees named in section 25 of the Act as well as nuclear developers and other stakeholders who would be directly affected by the proposals for the revenue regulations. It is proposed that revenue regulations would largely replicate the provisions of the contracts for difference (CfD) revenue regime primarily set out in The Contracts for Difference (Electricity Supplier Obligations) Regulations 2014 (as amended). As a result, one of the primary focuses of the consultation and accompanying questions is on how it is proposed that the revenue regulations would differ from the CfD revenue regime to account for nuclear RAB specific design mechanics. The Act gives the Secretary of State powers to make ‘revenue regulations’ in order to set out the detailed mechanics of how the revenue stream would operate under the RAB model.

Vianet all but eliminates loss as revenue moves toward pre-pandemic (Morningstar)

(Alliance News) - Vianet Group PLC on Tuesday reported a huge jump in revenue, as it expects sales to return to pre-pandemic levels by mid-2023.

Vianet has delayed the reintroduction of a dividend for 2022, unchanged from 2021. Vianet Group Chair James Dickson said: "The business has recovered strongly, with revenue increasing to over 81% of pre-pandemic levels. The company posted a narrowed pretax loss of GBP174,000, compared to GBP2.8 million a year ago.

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