Oracle Corp. (NYSE:ORCL) released its first-quarter results after Tuesday’s closing bell. Here’s a look at the details in the report.
See what is driving the ORCL stock movement here.
The Details: Oracle reported quarterly earnings of $1.47 per share, which missed the analyst consensus estimate of $1.48.
Quarterly revenue came in at $14.92 billion, which missed the Street estimate of $15.03 billion and is up from revenue of $13.3 billion from the same period last year.
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“MultiCloud database revenue from Amazon, Google and Microsoft grew at the incredible rate of 1,529% in the first quarter,” said Oracle Chairman and Chief Technology …