At $9.7 billion, revenues were up 4% year-over-year in the first three months of fiscal 2022. But the top-line came in below the market’s projection.
Adjusted earnings moved up to $1.03 per share from $0.93 per share in the first quarter of 2021 and topped the Street view. Net income, including one-off items, was $2.5 billion or $0.86 per share, compared to $2.3 billion or $0.72 per share last year.
Read management/analysts’ comments on Oracle’s Q1 results
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Oracle’s shares closed Monday’s regular trading lower and continued to decline during the extended session.
