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Oracle Earnings inline, Revenue Misses In Q1

Oracle Earnings inline, Revenue Misses In Q1

Investing.com - Oracle (NYSE:ORCL) reported first quarter earnings that matched analysts' expectations on Wednesday and revenue that fell short of forecasts.

The firm reported earnings per share of $0.81 on revenue of $9.22B. Analysts polled by Investing.com expected EPS of $0.81 on revenue of $9.28B. That compared to EPS of $0.71 on revenue of $9.2B in the same period a year earlier. The company had reported EPS of $1.16 on revenue of $11.14B in the previous quarter.


Oracle follows other major Technology sector earnings this month

On August 14, Cisco reported fourth quarter EPS of $0.83 on revenue of $13.43B, compared to forecasts of EPS of $0.81 on revenue of $13.39B.

Salesforce.com earnings beat analysts' expectations on August 22, with second quarter EPS of $0.66 on revenue of $4B. Investing.com analysts expected EPS of $0.48 on revenue of $3.96B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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