Oracle (ORCL) Q2 2024 earnings beat estimates; revenue up 5%

Oracle Q2 2024 earnings infographic

Software giant Oracle Corporation (NYSE: ORCL) reported higher net income, on an adjusted basis, and revenues for the second quarter of 2024. Earnings also came in above Wall Street’s forecast.

Oracle Q2 2024 earnings infographicOracle Q2 2024 earnings infographic

November-quarter revenues totaled $12.9 billion, compared to $12.3 billion in the corresponding period of 2023. Analysts were looking for a bigger amount for the latest quarter. Earnings, excluding special items, was $1.34 per share in the second quarter, compared to $1.21 per share in the prior-year period. Earnings topped expectations.

On an unadjusted basis, the tech firm reported net income of $2.50 billion or $0.89 per share for Q2, compared to $1.74 billion or $0.63 per share in the prior year quarter.

Prior Performance

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