Skip to playerSkip to main content
  • 4 months ago
Oracle shares jumped 21% in after-hours trading on Tuesday as investors focused on strong growth prospects despite earnings and revenue misses, according to CNBC. Oracle reported adjusted earnings of $1.47 per share on $14.93 billion in revenue, slightly below analyst expectations of $1.48 per share and $15.04 billion. Quarterly revenue rose 12% year over year, while net income held steady at $2.93 billion, or $1.01 per share, compared to $1.03 per share last year. Oracle has benefited from the AI boom through its cloud infrastructure business and access to Nvidia GPUs for large workloads. CEO Safra Catz said the company secured four multibillion-dollar contracts with three customers during the quarter. Oracle shares are up 45% in 2025 through Tuesday’s close, compared to an 11% gain for the S&P 500.

Category

🗞
News
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Oracle shares jumped 21% in after-hours trading on Tuesday as investors focused on strong growth
00:08prospects despite earnings and revenue misses, according to CNBC. Oracle reported adjusted
00:14earnings of $1.47 per share on $14.93 billion in revenue, slightly below analyst expectations of
00:22$1.48 per share and $15.04 billion. Quarterly revenue rose 12% year-over-year,
00:30while net income held steady at $2.93 billion or $1.01 per share, compared to $1.03 per share last year.
00:39Oracle has benefited from the AI boom through its cloud infrastructure business and access to
00:44NVIDIAGPUS for large workloads. CEO Safra Katz said the company secured four multi-billion dollar
00:52contracts with three customers during the quarter. Oracle shares are up 45% in 2025 through Tuesday's
00:59close compared to an 11% gain for the S&P 500. For all things money, visit Benzinga.com.
Be the first to comment
Add your comment

Recommended