Earnings

Oracle (ORCL) earnings Q4 2021

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Safra Catz, co-chief executive officer of Oracle Corp.

David Paul Morris | Bloomberg | Getty Images

Oracle shares fell 3% in extended trading on Tuesday after the enterprise software maker issued earnings that came in better than analysts had expected.

Here’s how the company did:

  • Earnings: $1.54 per share, adjusted, vs. $1.31 per share as expected by analysts, according to Refinitiv.
  • Revenue: $11.23 billion, vs. $11.04 billion as expected by analysts, according to Refinitiv.

Revenue rose 8% year over year in Oracle’s fiscal fourth quarter, which ended on May 31, according to a statement. In the prior quarter revenue grew 3%.

The accelerating growth benefited from a comparison against the…



Source cnbc.com

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