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Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 590 investment professionals around the world and $406 billion in assets under management or supervision as of June 30, 2016. Morgan Stanley Investment M ... more
Manager of Financial Analysis
Morgan Stanley On Oracle: 'Hurdling A Low Headline Bar For Q4' - Oracle Corporation (NASDAQ:ORCL) | Benzinga
Weiss expects new ARR and cloud billings growth to be the key areas of focus in 4Q, "as investors gauge the depth of Cloud transition."
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Given the "shaky" 4Q results in recent years, the analyst believes investor expectations seem to be muted heading into Oracle's earnings announcement later in the week.
"Focus is centered on the $1.5 billion new Cloud Annual Recurring Revenue (ARR) target, as well as, performance of SaaS/PaaS billings growth trends vs 32 percent reported in Q3," Weiss mentioned.
However, the analyst expressed concern regarding both the quarter-on-quarter and year-on-year growth trends for Cloud ARR.
In addition, Weiss pointed out that SaaS/PaaS billings growth has declined significantly in Q3 to 32 percent, following the 68 percent growth in Q2 and 70 percent in Q1.
"There are a number of reasons that could explain the growth decline, including a shallower than expected Cloud transition," according to the Morgan Stanley report.
Given the decline in SaaS/PaaS billings growth, Weiss expects Oracle to pullback on cloud-related investments, while noting that cloud revenues were currently a relatively small mix of the total revenue.
Intuit Q3'16 Earnings Conference Call: Full Transcript - Intuit Inc. (NASDAQ:INTU) | Benzinga
Microsoft Corporation (NASDAQ:MSFT) - Microsoft's Q3 Was Tough But Core Story Remains Intact, Morgan Stanley Says | Benzinga
Microsoft's recent performance has come under pressure due to an uneven macro environment, declining PCs and a higher tax rate.
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