Oracle Shares Rise on Better-Than-Expected Earnings Report

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Oracle exceeded estimates on the top and bottom lines for its fiscal fourth quarter.

CEO Safra Catz said in a statement that the company saw a"major increase in demand" for cloud infrastructure.

shares rose almost 9% in extended trading on Monday after the database software company issued fiscal fourth-quarter results that exceeded analysts' estimates.$1.54 per share, adjusted, vs. $1.37 as expected by analysts, according to Refinitiv.Stay informed during the severe weather season with our local news and weather

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 288. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines