Oracle (ORCL) came out with quarterly earnings of $1.63 per share, missing the Zacks Consensus Estimate of $1.64 per share. This compares to earnings of $1.67 per share a year ago.
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Oracle's total remaining performance obligations, a measure of future contracted sales, increased 44% to $98 billion in the fiscal fourth quarter. Analysts, on average, estimated $73.9 billion.
Despite missing fiscal fourth-quarter earnings estimates, Oracle (ORCL) shares are moving higher after Tuesday's market close. The cloud computing company posted adjusted earnings of $1.63 per share (
Oracle (ORCL) reported fourth-quarter revenue and earnings that missed analysts' estimates, but announced large cloud infrastructure deals with Microsoft (MSFT), OpenAI, and Alphabet's (GOOGL) Google
Oracle stock jumped late Tuesday on upbeat guidance and new cloud partnerships with OpenAI and Google. (IBD Live Coverage)
Oracle Corp (NYSE:ORCL, ETR:ORC) shares flew higher afterhours Tuesday as the company disclosed new partnerships with Google, Microsoft and OpenAI. Despite a fiscal 4Q earnings miss, Oracle's shares s
Oracle Corp. shares were shooting more than 9% higher in Tuesday's extended session after the company delivered upbeat guidance that seemed to overshadow an earnings miss for the latest quarter.
Oracle's results came in a bit light, but it pointed to new business from Microsoft-backed OpenAI. The company will issue guidance on a conference call.
Oracle Inc is up 10% in extended hours even though it came in below revenue estimates for its fiscal fourth quarter. Why is Oracle stock up in after-hours?

Oracle misses quarterly revenue estimates

04:10pm, Tuesday, 11'th Jun 2024
Oracle missed Wall Street expectations for fourth-quarter revenue on Tuesday, hurt by weaker client spending on its cloud services amid stiff competition and an uncertain economy.
Q4 Total Remaining Performance Obligations up 44% to $98 billion Q4 GAAP Earnings per Share $1.11 , Non-GAAP Earnings per Share $1.63 Q4 Total Revenue $ 14.3 billion, up 3% in USD, up 4% in constant c
AUSTIN, Texas , June 11, 2024 /PRNewswire/ -- Oracle, Microsoft, and OpenAl are partnering to extend the Microsoft Azure Al platform to Oracle Cloud Infrastructure (OCI) to provide additional capacit
Google Cloud will offer Oracle Cloud Infrastructure database services and high-speed network interconnect with Oracle     Partnership helps customers simplify cloud migration, multicloud deploymen
Oracle's (ORCL) 4Q adjusted EPS is estimated at $1.64 and revenue is estimated at $14.56B. Caroline Woods discusses what to watch when Oracle reports.
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