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Oracle reported a 2% rise in revenue in its second-quarter earnings report Thursday, beating analyst expectations — the cloud company reported $9.8 billion
Oracle posted a profit on Thursday that was a bit better than expected and revenue that matched expectations.
Oracle Corp. shares declined in after-hours trading Thursday despite better-than-expected quarterly earnings results.
Oracle Announces Fiscal 2021 Second Quarter Financial Results - Q2 FY2021 GAAP EPS up 16% to $0.80, Non-GAAP EPS up 19% to $1.06 - Oracle Gen2 Cloud Infrastructure and Autonomous Database revenue up over 100% - Fusion Cloud ERP revenue up 33%, NetSuite Cloud ERP revenue up 21% News provided by Share this article Share this article REDWOOD SHORES, Calif., Dec. 10, 2020 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q2 results. Total quarterly revenues were up 2% year-over-year to $9.8 billion. Cloud services and license support revenues were up 4% to $7.1 billion. ...
The database giant said its subscriptions for Fusion and NetSuite were the star of the quarter.