Oracle Corporation (NYSE: ORCL) reported a 17% dip in earnings for the fourth quarter of 2020 due to higher interest expenses and lower non-operating income. Total revenues declined by 6% year-over-year.
Cloud Services and License Support revenues were $6.85 billion, up 1% on a reported basis and 3% on a constant currency basis. Cloud License and On-Premise License, Hardware, and Services revenues saw decreases compared to the prior-year period.
The board of directors declared a quarterly cash dividend of $0.24 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on July 15, 2020, with a payment date of July 28, 2020.
Take a look at our Technology articles here
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and
