Investing.com - Oracle (NYSE:ORCL) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.16 on revenue of $11.14B. Analysts polled by Investing.com expected EPS of $1.07 on revenue of $10.93B. That compared to EPS of $0.99 on revenue of $11.26B in the same period a year earlier. The company had reported EPS of $0.87 on revenue of $9.61B in the previous quarter.
For the year, Oracle shares are up 16.7%, under-performing the S&P 500 which is up 18.15% year to date.
Oracle follows other major Technology sector earnings this month
On Tuesday, Adobe reported second quarter EPS of $1.83 on revenue of $2.74B, compared to forecasts of EPS of $1.78 on revenue of $2.7B.
Salesforce.com earnings beat analyst's expectations on Tuesday, June 4, 2019, with first quarter EPS of $0.93 on revenue of $3.74B. Investing.com analysts expected EPS of $0.61 on revenue of $3.69B
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