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
Earnings calendar for the week of March 8
On the heels of lawmakers moving closer to passing the stimulus bill, inflations concerns gripped the market after Federal Reserve chief Jerome Powell at a meeting said the reopening would
Why Costco’s (COST) growth prospects might depend on beating costs, digital lag
Though the retail boom triggered by the pandemic was estimated to be short-lived initially, the shopping spree continued as customers stocked up on essential items, concerned about the persistent market
Gap (GPS) hopes to see a favorable recovery by the second half of 2021
Shares of Gap Inc. (NYSE: GPS) were up 5.8% in afternoon hours on Friday. The stock has gained 103% over the past 12 months. Gap reported mixed results for the
