Oracle Announces Fiscal 2022 Second Quarter Financial Results

Oracle (ORCL) PT Raised to $115 at Cowen

Cowen analyst Derrick Wood raised the price target on Oracle (NYSE: ORCL) to $115.00 (from $96.00) while maintaining an Outperform rating.

The analyst commented, "ORCL posted a strong 2Q w/ 6% cc rev growth above our +4%, the fastest growth in 4 yrs. Bookings commentary was... More

'A MOracle': Oracle (ORCL) Stock Soars After the 'Cleanest Quarter in Several Years'; CEO Offers Positive FY Commentary, Prompts Deutsche Bank to Upgrade to Buy

Shares of Oracle (NYSE: ORCL) are up nearly 12% in pre-open Friday after the company reported better-than-expected FQ2 results.

Oracle reported EPS of $1.21 to top the analyst estimate of $1.11. Revenue for the quarter came in at $10.4 billion versus the consensus estimate of $10.21 billion.

Oracle CEO, Safra Catz, said, "These strong results are being driven by the 22% growth of our infrastructure and applications cloud businesses which are approaching $11 billion in annualized revenue. We now have 8,500 Fusion ERP customers with revenue growing 35%, 28,400 NetSuite ERP customers with revenue growing 29%, and our Gen2 infrastructure... More

Oracle (ORCL) Stock Gains 6% on Strong Q2 Results

Oracle (NYSE: ORCL) shares were trading more than 6% higher after-hours following the companys reported Q2 results, with EPS coming in at $1.21, beating the consensus estimate of $1.11.

Quarterly revenue grew 6% year-over-year to $10.4 billion, compared to the consensus estimate of $10.21 billion. Cloud services and license... More

Oracle (ORCL) Declares $0.32 Quarterly Dividend; Buyback Raised by $10B

Oracle (NYSE: ORCL) declared a quarterly dividend of $0.32 per share, or $1.28 annualized. The dividend will be payable on January 19, 2022, to stockholders of record on January 7, 2022, with an ex-dividend date of January 6, 2022. The annual yield on the dividend is 1.4 percent.

The board of directors... More

Oracle (ORCL) Tops Q2 EPS by 10c

Oracle (NYSE: ORCL) reported Q2 EPS of $1.21, $0.10 better than the analyst estimate of $1.11. Revenue for the quarter came in at $10.4 billion versus the consensus estimate of $10.21 billion.

For earnings history and earnings-related data on Oracle (ORCL) click here.