• Oracle's forecast miss overshadows cloud growth, shares fall

    5 monthes ago - By Reuters

    Oracle Corp's forecast for current-quarter profit missed analysts' expectations on Tuesday, hurt by a strengthening U.S. dollar, dampening its fourth-quarter earnings beat that was powered by growth in its cloud business.
    Read more ...

     

  • Oracle stock is soaring following a major earnings beat

    Oracle stock is soaring following a major earnings beat

    5 monthes ago - By Business Insider

    Oracle shares shot up 4% in after-hours trading Tuesday, following a major beat for the company in its fourth quarter 2018 earnings.
    "Last year, I forecast double-digit non-GAAP earnings per share growth for FY18 and we delivered 14% growth this year, largely driven by strong growth in our cloud businesses," said Oracle CEO Safra Catz. "Looking ahead to FY19, I expect revenue growth will enable us to deliver double-digit non-GAAP earnings per share growth once again."
    Here's what Oracle reported:
    Revenue for the quarter : Oracle reported $11.26 billion, up 3% from the year before, which...
    Read more ...

     

  • Oracle stock is soaring following a major earnings beat

    Oracle stock is soaring following a major earnings beat

    5 monthes ago - By Business Insider

    Oracle shares shot up 4% in after-hours trading Tuesday, following a major beat for the company in its fourth quarter 2018 earnings.
    Here's what Oracle reported:
    Revenue for the quarter : Oracle reported $11.26 billion, which beat analysts' expectations of $11.19 billion.
    Earnings per share for the quarter : Oracle reported $0.99, which beat analysts' expectations of $0.94.
    Read more ...