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.
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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.
