Interested in application software? Well, you might want to consider adding Oracle Corporation (NYSE:$ORCL) to your investment portfolio after you hear today’s news. On Thursday, September 14, Oracle shares increased in the after-hours trading session. Why? The computer software behemoth posted stronger-than-expected fiscal 2018 Q1 financial results.

For its first quarter, the California-based company posted adjusted earnings of 62 cents per share on revenue of $9.19 billion.

As a point of reference, Wall Street was forecasting adjusted earnings of 60 cents per share on revenue of $9.03 billion. For the same period in 2016, Oracle posted earnings of 55 cents per share on revenue of $8.61

Key Numbers in Oracle Corporation’s Earnings:

– Earnings (First Quarter): $2.66 billion versus  $2.34 billion in 2016

– Earnings Growth (Year-Over-Year): 13.7%

– Earnings Per Share (First Quarter): $0.62 versus $0.55 in 2016.

– Earnings Per Share Growth (Year-Over-Year): 12.7%
– Analysts Forecast: $0.60

– Revenue (First Quarter): $9.21 billion versus $8.61 billion in 2016.

– Revenue Change (Year-Over-Year): 7.0%

Featured Image: twitter