Oracle Corp.’s banal improved 6% successful extended trading Thursday aft the database elephantine reported fiscal second-quarter results that bushed the top- and bottom-line estimates.
The institution ORCL, -0.19% reported a nett nonaccomplishment of $1.25 billion, oregon 46 cents a share, vs. nett income of $2.44 cardinal oregon 80 cents a share, successful the year-ago quarter. Adjusted net were $1.21 a share.
“These beardown results are being driven by the 22% maturation of our infrastructure and applications unreality businesses, which are approaching $11 cardinal successful annualized revenue,” Oracle Chief Executive Safra Catz said successful a statement.
Revenue was $10.36 billion, up 6% from $9.8 cardinal a twelvemonth ago.
Analysts surveyed by FactSet had expected net of $1.11 a stock connected gross of $10.2 billion.
Additionally, Oracle’s committee of directors accrued the authorization for stock repurchases by $10 billion, and declared a quarterly currency dividend of 32 cents a stock of outstanding communal stock.
Shares of Oracle are up 37% this year, portion the broader S&P 500 scale SPX, -0.72% has gained 24.5%.
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