Oracle Corp. Reports Revenue Beat, Stock Soars in After-Hours Trade

Oracle

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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About the author: Caroline Harris is a third-year student at Capilano University in North Vancouver, Canada. Having already completed an Associates Degree in Psychology, Caroline is now finishing her Bachelor's degree in Communications. In preparation for working in the advertisement sector, Caroline is writing financial content and analysis. On a daily basis, Caroline works on articles regarding the following topics: finance, cryptocurrency, technology, and politics.