Oracle Sinks Following Tepid Earnings Report

Oracle shares fell more than 6% after the bell as the company’s quarterly revenue came in below Wall Street expectations, Rian Howlett reported for Yahoo Finance.

Meanwhile, Oracle’s earnings per share of $2.26 topped the $1.64 forecast by Wall Street, up from $1.47 in the year-ago period. (Photo: King of Hearts Wikimedia Commons) 

Oracle reported revenue of $16.06 billion for its fiscal second quarter, up 14% from a year earlier but below the $16.21 billion projected by analysts tracked by Bloomberg.

The tech firm’s closely watched AI segment, Oracle Cloud Infrastructure (OCI), posted a 68% jump in revenue to $4.1 billion, roughly in line with analyst estimates, Laura Bratton also reported for Yahoo Finance.

Oracle reported revenue of $16.06 billion for its fiscal second quarter, up 14% from a year earlier but below the $16.21 billion projected by analysts tracked by Bloomberg.

The tech firm’s closely watched AI segment, Oracle Cloud Infrastructure (OCI), posted a 68% jump in revenue to $4.1 billion, roughly in line with analyst estimates, Laura Bratton also reported for Yahoo Finance.

Meanwhile, Oracle’s earnings per share of $2.26 topped the $1.64 forecast by Wall Street, up from $1.47 in the year-ago period.

The company’s AI-fueled remaining performance obligations (RPO) — a measure of future revenue from customer contracts — surged nearly 440% from a year earlier and 15% from the first quarter to $523 billion for the three months ended Nov. 30.