US Edition
Oracle shares pop 15% to record high on earnings beat, cloud optimism
- Oracle shares increased about 8% after reporting quarterly results that exceeded Wall Street estimates.
- Revenue for Oracle rose 11% year over year during the fiscal fourth quarter, which ended on May 31.
- Net income rose to $3.43 billion, or $1.19 per share, compared to $3.14 billion, or $1.11 per share, last year.
- CEO Safra Catz projected that cloud infrastructure revenue will grow over 70% in the 2026 fiscal year, up from 50% growth in fiscal 2025.
76 Articles
76 Articles
Oracle Jumps 13.3%, Predicts 'Dramatically Higher' Growth
US stocks drifted higher Thursday following another encouraging update on inflation. The S&P 500 rose 23.02 points, or 0.4%, to 6,045.26 and is sitting less than 2% below its record. The Dow Jones Industrial Average rose 101.85 points, or 0.2%, to 42,967.62....
Oracle earnings lift ORCL stock price sky-high as cloud infrastructure sales projected to grow by 70%
Oracle investors are on cloud nine today as the stock reached record heights. The company’s fourth-quarter earnings results beat expectations yesterday and projected even more gains in cloud infrastructure. After rising nearly 8% in after-hours trading following the earnings release Wednesday evening, Oracle (NYSE: ORCL) has continued to rise throughout the day on Thursday. The stock reached an all-time record of $202.04 at 12:30 p.m. Thursday, …
Oracle (ORCL) has made a big leap in its valuation, increasing by 14% last Thursday and reaching an impressive historical peak of $202.44. This growth comes after announcing financial results from the fourth fiscal quarter that have exceeded Wall Street’s expectations. To put it in context, Oracle’s adjusted revenues reached $15.9 billion, surpassing the projection of $15.6 billion. In addition, profits per share were set at $1.70, compared to $…
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