trending Market Intelligence /marketintelligence/en/news-insights/trending/4zcWbC24blQ2Z5J_yYcH_Q2 content esgSubNav
In This List

Oracle quarterly profit tops estimates; shares rally

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Oracle quarterly profit tops estimates; shares rally

Oracle Corp.'s shares rallied 5% in after-hours trading after the systems software company booked fiscal second-quarter earnings that exceeded analysts' expectations.

The company reported net income of $2.33 billion, or 61 cents per share, in the quarter that ended Nov. 30, up from $2.21 billion, or 52 cents per share, in the same period a year prior.

Non-GAAP EPS was 80 cents, up from 69 cents in the year-ago period and higher than the S&P Global Market Intelligence second-quarter estimate of 78 cents.

Revenues totaled $9.56 billion, compared with $9.59 billion in the prior-year quarter. Revenues from cloud services and license support increased year over year, while revenues from cloud license and on-premise license, hardware, and services declined.

Operating income increased to $3.10 billion in the second quarter from $3.04 billion in the year-ago quarter.

As of 5:26 p.m. ET, Oracle's shares were up 5.07%.