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%
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