Published: Sep 09, 2024
Duration: 00:00:53
Category: People & Blogs
Trending searches: orcl stock
Oracle Corporation is celebrating a remarkable surge in its stock price jumping 9% following the announcement of its outstanding first quarter results for fiscal 2025 the tech giant exceeded wall Street's expectations reporting earnings of $139 per share alongside an impressive $1 13.3 billion in Revenue oracle's growth story doesn't end there for the upcoming second quarter the company forecasts a robust 10% Revenue growth outpacing the 8% growth seen in q1 the standout performer was oracle's Cloud infrastructure which generated a staggering $2.2 billion marking a 45% increase this combination of strong results and optimistic forecasts positions Oracle for potential record highs ahead