Company News: Oracle (ORCL) quarterly results beat analysts’ expectations

Market news

11 September 2020

Company News: Oracle (ORCL) quarterly results beat analysts’ expectations

Oracle (ORCL) reported Q1 FY 2021 earnings of $0.93 per share (versus $0.81 per share in Q1 FY 2020), beating analysts’ consensus estimate of $0.86 per share.

The company’s quarterly revenues amounted to $9.400 bln (+2.0% y/y), beating analysts’ consensus estimate of $9.181 bln.

The company also issued upside guidance for Q2 FY 2021, projecting EPS of $0.98-1.02 versus analysts’ consensus estimate of $0.94 and revenues growth of +1-3% versus analysts’ consensus estimate of +0.2%.

ORCL rose to $59.40 (+3.61%) in pre-market trading.

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