) on Monday reported a better-than-expected quarterly profit and revenue. Shares of the database software maker initially surged in extended trading but later reversed course, declining by roughly 3% after the earnings call.
"Excluding these deals, revs landed just slightly better than expected ," analysts highlighted.
"We believe results highlight improving execution, which combined with a stronger focus on higher growth potential enterprise customers, an expanding set of core and emerging growth drivers, and growth/ margin accretive investments," Stifel analysts commented.
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