Cloud Stocks: Oracle's New Release Focuses on Developers
Oracle (NYSE: ORCL) recently reported its second quarter results that were in line with the market's expectations. The company is focusing on making its products more focused on developers to improve its product adoption. Oracle's Financials Revenue for the third quarter grew 21% to $12.4 billion, in line with analyst estimates. Net income was $1.9 billion or $0.68 per share. Adjusted EPS was $1.22. The market was looking for an EPS of $1.20. Cloud services and license support revenues grew 20% to $8.9 billion. Cloud license and on-premise license revenues grew 4% to $1.3 billion. Ha...