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Oracle (NYSE: ORCL) reported its second quarter results that failed to impress the market. The weaker than expected performance and outlook sent the stock falling 9% in the after-hours trading session. Oracle's Financials Revenue for the first quarter grew 5% to $12.94 billion, below analyst estimates of $13.05 billion. Adjusted EPS of $1.34 was better than the market's forecast of $1.32. Oracle's revenue from cloud services and license support revenues grew 12% to $9.64 billion, missing the consensus of $9.71 billion. Revenue from cloud and on-premises licenses fell 18% to $1.1...
The stock of Oracle (ORCL) is down nearly 10% after the software company reported revenue that missed Wall Street forecasts. The company announced earnings per share (EPS) of $1.34 U.S. compared to $1.32 U.S. that had been expected. However, ...
Demand for Oracle cloud services is growing fast, but analysts had expected more overall revenue in the most recent quarter.
Demand for Oracle cloud services is growing fast, but analysts had expected more overall revenue in the most recent quarter.