Categories AlphaGraphs, Earnings, Technology

Oracle (ORCL) stock gains as Q1 earnings, revenue beat Street view

Software giant Oracle Corporation (NYSE: ORCL) reported a 15% growth in first-quarter earnings, aided by a modest increase in revenues. The market responded positively to the stronger-than-expected results and the company’s stock gained on Thursday evening.

At $9.37 billion, revenues were up 2% year-over-year in the first three months of fiscal 2021. The top-line also surpassed the market’s projection.

Adjusted earnings moved up to $0.93 per share from $0.81 per share in the first quarter of 2020 and topped the Street view. Net income, including one-off items, was $2.25 billion or $0.72 per share, compared to $2.14 billion or $0.63 per share last year.


Looking forward to listening to management/analysts’ comments on Q1 results? Stay tuned here for Oracle’s Q1 2021 earnings call transcript 


Oracle’s shares climbed to an all-time high earlier this month, maintaining the uptrend that started after the March-selloff. The stock closed Thursday’s trading lower but gained during the extended session.

Most Popular

Key takeaways from Kroger’s (KR) Q1 2025 earnings report

The Kroger Co. (NYSE: KR) recently reported mixed results for the first quarter of fiscal 2025, with earnings beating estimates and sales missing. The grocery giant’s stock rose following the

What to expect when McCormick & Company (MKC) reports Q2 2025 earnings results

Shares of McCormick & Company, Incorporated (NYSE: MKC) gained over 1% on Monday. The stock has dropped 7% over the past three months. The condiments maker is slated to report its second

Earnings Preview: Paychex (PAYX) looks set to end FY25 on a strong note

Paychex Inc. (NASDAQ: PAYX) has benefited from the stable labor market and resilient customers, despite inflationary pressures and the challenging economic environment. The company is leveraging its strong fundamentals and

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top