Larry Ellison, Oracle’s chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019.
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Oracle shares moved 9% lower in extended trading on Monday after the database software maker disclosed revenue and revenue guidance that were lighter than expected.
Here’s how the company did:
- Earnings: $1.19 per share, adjusted, vs. $1.15 per share as expected by analysts, according to LSEG.
- Revenue: $12.45 billion vs. $12.47 billion as expected by analysts, according to LSEG.
With respect to guidance, Oracle called for adjusted net income of $1.30 to $1.34 per share and 5% to 7% revenue growth in the fiscal second quarter….