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Oracle (ORCL) reported quarterly results precocious Monday that matched gross estimates and bushed connected earnings. Oracle banal fell.
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The database bundle institution reported adjusted net of $1.03 a stock connected gross of $9.7 billion. Analysts expected Oracle to study net of 97 cents connected gross of $9.7 billion. The results were for its fiscal archetypal 4th ended Aug. 31. Revenue climbed 4% from the year-ago period.
Oracle banal fell 2%, adjacent 87 during after-hours trading connected the stock marketplace today.
Over the past respective years, Oracle has transitioned from an antiquated concern of on-premises database bundle licensing and attraction to a subscription-based bundle exemplary that taps the benefits of unreality computing.
Oracle banal has an IBD Composite Rating of 92 and ranks No. 2 successful the database bundle radical down Dropbox. (DBX). Oracle's relative spot line is inactive adjacent highs amid sideways terms enactment since July.
Please travel Brian Deagon connected Twitter astatine @IBD_BDeagon for much connected tech stocks, investigation and fiscal markets.
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