Oracle: EPS Soars 20%, Revenue Up 7%

05:31pm, Monday, 09'th Sep 2024
GAAP EPS increased 20% year-over-year to $1.03. Total revenue grew by 7% to $13.3 billion.
CNBC's Deirdre Bosa joins 'Closing Bell Overtime' to talk Oracle earnings.

Oracle Helps Set Stage for Bounceback

04:47pm, Monday, 09'th Sep 2024
Markets mostly reversed last week's big moves on Monday with stocks and bitcoin bouncing alongside the dollar. With Oracle rallying after earnings, the stage looks set for a bounceback, says OJ.
Oracle Corp (NYSE:ORCL, ETR:ORC) shares were up in afterhours trading after announcing a new collaboration with Amazon Web Services and strong Q1 results. Oracle Database@AWS is a new solution allowin
Oracle is the latest software company to show profit progress in its financial results — and see its stock get rewarded.
Oracle beat on the top and bottom line for the fiscal first quarter in its report on Monday. The stock rose in extended trading.

Oracle beats quarterly revenue estimates

04:10pm, Monday, 09'th Sep 2024
Oracle beat first-quarter revenue estimates on Monday, boosted by growing demand for its cloud offerings from companies deploying artificial intelligence.
Q1 GAAP Earnings per Share up 20% to $1.03, Non-GAAP Earnings per Share up 17% to $1.39 Q1 Total Revenue $13.3 billion, up 7% in USD and up 8% in constant currency Q1 Total Remaining Performance Oblig
Oracle Database services running on Oracle Cloud Infrastructure can now be deployed directly in Google Cloud datacenters Multicloud partnership helps customers simplify cloud migration and innovate fa
MSCI and Fonterra adopt Oracle Database@Azure to optimize worldwide operations Powerful cloud database service is now available in six Microsoft Azure regions with plans to expand to another fifteen r
Customers can now access Oracle Autonomous Database and Oracle Exadata Database Service in AWS, simplifying the migration and deployment of enterprise workloads to the cloud while improving agility, f

Markets Await August CPI Data

12:35pm, Monday, 09'th Sep 2024
Pre-market futures are up to start a new trading week, after the worst week for the stock market in two years. We're still in the green across the board year to date, though off our mid-summer all-tim
UPDATE—Sept. 9, 2024: This article has been updated to reflect more recent share price information.
Wall Street expects Oracle Corp ORCL to report $1.32 in earnings per share (EPS) and $13.23 billion in revenues when the company releases first-quarter financials on Monday after market hours.
Oracle reports quarterly results on Wednesday. Plus, August inflation data and an expected European Central Bank interest-rate cut.
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