Categories AlphaGraphs, Earnings, Technology
Oracle (ORCL) Earnings: Q1 profit rises, tops Street view on strong revenue growth
Software giant Oracle Corporation (NYSE: ORCL) reported strong growth in the first-quarter profit and revenues. Earnings topped Wall Street’s prediction, while the top-line slightly missed.
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
Oracle’s shares closed Monday’s regular trading lower and continued to decline during the extended session.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Microsoft (MSFT) reports higher revenue and profit for Q3 2024
Microsoft Corp. (NASDAQ: MSFT) on Thursday said its third-quarter 2024 earnings increased year-over-year, reflecting strong performance by the tech giant’s main operating segments. Third-quarter revenues came in at $61.86 billion,
GOOG, GOOGL Earnings: All you need to know about Alphabet’s Q1 2024 earnings results
Alphabet Inc. (NASDAQ: GOOG, GOOGL) reported its first quarter 2024 earnings results today. Revenues increased 15% year-over-year to $80.5 billion. Revenue growth was 16% in constant currency. Net income was
MRK Earnings: Merck Q1 2024 profit jumps on 9% revenue growth
Pharmaceutical company Merck & Co. Inc. (NYSE: MRK) reported a sharp increase in adjusted earnings for the first quarter of 2024, aided by an increase in revenues. First-quarter worldwide sales
