Oracle Surges on Earnings Report: Breaking Down the Numbers
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Oracle Surges on Earnings Report: Breaking Down the Numbers
Gil Luria, D.A. Davidson's head of technology research, breaks down Oracle's first-quarter earnings report and forecast on "Bloomberg The Close." Oracle's cloud infrastructure revenue increased 55% to $3.3 billion, while analysts anticipated a 53% expansion. Profit, excluding some items, was $1.47 per share compared with the $1.48 average estimate.
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