Oracle Corporation (ORCL) announced its second-quarter earnings, which showed an increase compared to the same quarter last year; however, they fell short of analysts' projections.
The company's net income was reported at $3.151 billion, translating to $1.10 per share. This is an improvement from the previous year's figure of $2.503 billion or $0.89 per share for the second quarter.
After excluding specific items, Oracle's adjusted earnings for the period were $4.21 billion or $1.47 per share.
On average, analysts had anticipated earnings of $1.48 per share, according to data from Thomson Reuters. It's important to note that analyst forecasts typically do not account for special items.
The revenue for the quarter saw an upswing, rising by 8.6% to $14.059 billion from the previous year's $12.941 billion.
For a quick overview of Oracle Corporation's GAAP earnings this quarter:
- Earnings (Q2): $3.151 billion compared to $2.503 billion last year.
- Earnings per Share (EPS) (Q2): $1.10 compared to $0.89 last year.
- Revenue (Q2): $14.059 billion compared to $12.941 billion last year.
