Oracle today reported better-than-expected second-quarter earnings, revenue that was lighter than estimates, and hardware system product sales that fell 23 percent from a year ago.
Oracle reported second-quarter earnings of $2.6 billion, or 53 cents a share, on revenue of $9.1 billion, up 3 percent from a year ago. Non-GAAP earnings were 64 cents a share.
Wall Street was expecting Oracle to report second-quarter earnings of 61 cents a share on revenue of $9.02 billion.
New license and cloud revenue was up 17 percent in the … Read more