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Wallace Witkowski
Oracle
Corp. shares rallied in the extended session Wednesday after the
database giant topped Wall Street estimates for the quarter.
Oracle ORCL, -0.42% shares surged as much as 7% after hours and were last up 4%, following a 0.4% decline to close the regular session at $52.68.
The company reported fiscal fourth-quarter net income of $3.74 billion, or $1.07 a share, compared with $3.28 billion, or 79 cents a share, in the year-ago period. Adjusted earnings were $1.19 a share.
Revenue rose to $11.14 billion from $11.01 billion in the year-ago quarter.
Analysts surveyed by FactSet had forecast adjusted earnings of $1.07 a share on revenue of $10.93 billion.
Oracle posted cloud services and license support revenue of $6.8 billion, while analysts expected $6.76 billion. Cloud license and on-premise license revenues were $2.5 billion. compared with the $2.32 billion Street expectation.
Source: MarketWatch
Oracle ORCL, -0.42% shares surged as much as 7% after hours and were last up 4%, following a 0.4% decline to close the regular session at $52.68.
The company reported fiscal fourth-quarter net income of $3.74 billion, or $1.07 a share, compared with $3.28 billion, or 79 cents a share, in the year-ago period. Adjusted earnings were $1.19 a share.
Revenue rose to $11.14 billion from $11.01 billion in the year-ago quarter.
Analysts surveyed by FactSet had forecast adjusted earnings of $1.07 a share on revenue of $10.93 billion.
Oracle posted cloud services and license support revenue of $6.8 billion, while analysts expected $6.76 billion. Cloud license and on-premise license revenues were $2.5 billion. compared with the $2.32 billion Street expectation.
Source: MarketWatch
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