The stock is on track for its best day since March 13, 2020. It's set to add about $33 billion to its market cap, bringing it to about $275 billion.
The company reported $1.21 per share, adjusted in earnings, exceeding analyst estimates of $1.11 per share, according to Refinitiv. It also brought in $10.36 billion for the quarter in revenue, beating estimates of $10.21 billion. Oracle reported a net loss for the quarter of $1.25 billion, however, compared to net income of $2.44 billion it reported in the year-ago quarter. That was due to a payment resulting from a judgement in a long-running dispute related to former CEO Mark Hurd's arrival at the company in 2010 from
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