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
LMT Earnings: A snapshot of Lockheed Martin’s Q1 2024 financial results
Aerospace company Lockheed Martin Corporation (NYSE: LMT) Tuesday reported lower earnings for the first quarter of 2024, despite an increase in sales. The company also reaffirmed its fiscal 2024 guidance.
General Motors (GM) Q1 2024 Earnings: Key financials and quarterly highlights
General Motors Co. (NYSE: GM) reported its first quarter 2024 earnings results today. Revenue increased 7.6% year-over-year to $43 billion. Net income attributable to stockholders increased 24.4% to $2.98 billion
GE Earnings: General Electric Q1 2024 adj. profit jumps on higher revenues
The General Electric Company (NYSE: GE), which became three separate companies after a recent split -- GE Aerospace, GE Venova, and GE Healthcare -- reported a sharp increase in adjusted
