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Oracle shares are trading near record levels after Q2 results December 18, 2020 Barclays and Morgan Stanley upgraded their price target on Oracle this December Oracle has declared a $0.24/share quarterly dividend Oracle (NYSE: ORCL) shares have advanced from $50 above $65.3 since the beginning of May, and the current price stands around $65. Barclays and Morgan Stanley upgraded their price target on Oracle this December, and the stock price is trading near record levels. Fundamental analysis: Total revenue has increased above the expectations in Q2 Oracle Corporation is an American multinatio...

Cloud services and licence support growth bolsters Oracle earnings Cloud services and licence support growth bolsters Oracle earnings But cloud licence and on-premise licence revenues fell Larry Ellison (Oracle) Credit: Blair Hanley Frank A revenue surge stemming from Oracle’s cloud services and licence support has helped to bolster the software giant’s financials in a second quarter that saw it weather falls in cloud licence and on-premise licence revenues. The three months ending 30 November saw Oracle post a 4 per cent year-on-year increase in cloud services and...

The tech company forecasts up to 4% growth in Q3 revenue. Oracle rolled out Analytics Service for MySQL database last week. Oracle Corp. (NYSE: ORCL) published its financial results for the fiscal second quarter on Thursday that topped analysts’ estimates for earnings and revenue. The company’s guidance for the future was also better than expected on Thursday. Oracle initially slipped in extended trading on Thursday but regained the loss later on. At £44.82 per share, it is now more than 10% up year to date in the stock market after recovering from a low of £33.59 per share in March. If...

Strong cloud sales help Oracle beat earnings targets SHARE Database and business software giant Oracle Corp. beat expectations with its second-quarter financial results today thanks to what it said was strong growth in its cloud services offerings. The company reported a profit before certain costs such as stock compensation of $1.06 per share on revenue of $9.8 billion, up 2% from the same period a year ago. That was better than expected, Wall Street having forecast a profit of a dollar a share on revenue of $9.77 billion. Oracle executives told analysts in a conf...

Because the balance sheet showed only muted growth while subscription cash starts to flow Share Copy Oracle has posted modest growth for its second quarter, with SaaS-y ERP a notable exception. But founder Larry Ellison says the numbers don’t reflect its bright new cloudy reality. The company won $9.8bn of revenue, up two percent year-on-year. Net income fared better, up six percent to $2.4 billion CEO Safra Catz called out the Fusion and NetSuite Cloud ERP applications for their respective 33 percent and 21 percent growth. “These two strategic cloud applications businesses are ma...