Safra Katz, Co-Chief Executive Officer of Oracle Corp., speaks during the Select USA Investment Summit on Monday, June 19, 2017 in Oxson Hill, Maryland, USA. The SelectUSA Investment Summit brings together companies from around the world, economic growth. Associations in every corner of the nation and other parties working to facilitate foreign direct investment (FDI) in the United States.
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The company reported second-quarter earnings for the fiscal year after shares of Oracle fell as much as 2% in extended trading on Thursday.
Here’s how the company did it:
- EarningsAccording to Refinitive, the adjustment expected by analysts was 1. 1.06 per share, versus 00.00.
- Income: According to Refinitive, analysts expected 9.80 billion, as against 9. 9.79 billion.
Oracle’s revenue for the quarter rose nearly 2% year-over-year, ending on November 30, according to a statement. Revenue rose about 2% in the previous quarter.
The company pointed to growth from cloud services, which are in high demand this year as the coronavirus has forced many corporate employees to telecommute. At the same time, it continues to provide more traditional services to businesses, some of which have been hit hard by the epidemic.
Oracle’s largest business segment, cloud services and license support, generated revenue of. 11 billion, up%% over a year, and a consensus estimate of ૦ 2.04 billion among analysts surveyed by Factset.
But small parts of Oracle’s business declined. Below 3% in the company’s cloud license and premises non-premises license segment, revenue contributes 0 1.09 billion. Analysts surveyed by Factset were looking for 1.13 billion.
Rac Reckel’s hardware revenue was ot 2 million, down% છતાં 8 million, despite factset analyst consent, but%%. The company’s services revenue was% 752 million, while 50 was slightly higher than the consensus of 7 750 million, closing at 7%.
In the quarter, President Donald Trump said he agreed to the principle of the deal, which includes moving US user data to Oracle’s cloud infrastructure for the video-sharing application Ticket OK. Oracle said it would own 12.5% of Ticket OK Global as part of the deal. The deal is not final.
Oracle also announced the availability of a cloud service that organizations can use to monitor the health of various parts of the application running in cloud and on-campus centers.
Excluding the hour-after move, shares of Oracle have risen about 12% since early 2020, while the S&P 500 is up about 14%.
Officials will discuss the outcome with analysts and provide guidance on the conference call, which begins at 5 p.m.
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