Reported about 8 hours ago
Oracle's stock surged 20% in after-hours trading following its fiscal Q1 earnings report, which revealed adjusted earnings of $1.47 per share and revenue of $14.93 billion, both slightly below expectations. CEO Safra Catz highlighted the signing of four multibillion-dollar contracts and projected a 77% growth in cloud infrastructure revenue, reaching $18 billion this fiscal year, which boosted investor confidence.
Source: YAHOO