Oracle Shares Rise on Better-Than-Expected Earnings Report

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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

 

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