- Oracle (ORCL) stock dropped 4.31% after hours following a 4.11% decline to $148.79, as Q3 earnings of $1.47 per share and $14.13 billion in revenue missed estimates of $1.49 and $14.38 billion, with Q4 guidance of $1.61 – 1.65 EPS and $15.43 – 15.72 billion revenue also below consensus.
- CEO Safra Catz reported a record $48 billion in Q3 sales contracts, driving Remaining Performance Obligations up 63% to over $130 billion, fueling a projected 15% revenue increase next fiscal year,…
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https://wallstreetpit.com/124953-oracle-projects-strong-growth-amid-surging-ai-cloud-demand/
