Software giant Oracle Corporation (NYSE: ORCL) Monday said its first-quarter revenues rose 18%. Meanwhile, adjusted earnings remained unchanged year-over-year.
At $11.45 billion, revenues were up 18% year-over-year in the first three months of fiscal 2023. The top line also slightly exceeded the market’s projection.
Adjusted earnings were unchanged year-over-year at $1.03 per share in the most recent quarter. Net income, including one-off items, was $1.55 billion or $0.56 per share, compared to $2.46 billion or $0.86 per share last year.
Check this space to read management/analysts’ comments on Oracle’s Q1 results
“In Q1 we expanded our relationship with Microsoft by providing all versions of the Oracle database directly to Microsoft Azure customers. Now all Microsoft customers can directly access the Oracle Exadata Cloud Service, the Oracle Autonomous Database and every other Oracle Database version directly from the Azure Cloud,” said Oracle’s CTO Larry Ellison.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and
