Oracle: Fiscal Q2 Earnings Snapshot
By AP News
Published - Dec 11, 2023, 04:57 PM ET
Last Updated - Dec 21, 2023, 11:55 AM EST
AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Oracle Corp. (ORCL) on Monday reported fiscal second-quarter net income of $2.5 billion.
The Austin, Texas-based company said it had net income of 89 cents per share. Earnings, adjusted for one-time gains and costs, were $1.34 per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The software maker posted revenue of $12.94 billion in the period, missing Street forecasts. Nine analysts surveyed by Zacks expected $13.05 billion.
