Software giant Oracle Corporation (NYSE: ORCL) reported a 28% growth in fourth-quarter earnings, aided by an increase in revenues. The results also topped Wall Street’s prediction.
At $11.2 billion, revenues were up 8% year-over-year in the final three months of fiscal 2021. The top-line also surpassed the market’s projection.
Adjusted earnings moved up to $1.54 per share from $1.20 per share in the fourth quarter of 2020 and topped the Street view. Net income, including one-off items, was $4.0 billion or $1.37 per share, compared to $3.1 billion or $0.99 per share last year.
Oracle’s shares climbed to an all-time high earlier this month, maintaining the recent uptrend. The stock closed Tuesday’s regular trading lower and continued to decline during the extended session.
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