NEWSUPDATE: Oracle Q1: revenue up 9% YoY to $12.45B, vs. $12.47B est., cloud services and license support revenue up 13% YoY to $9.5B, net income up 56% YoY; ORCL drops 5%+ (Akash Sriram/Reuters)

Tuesday, 12 September 2023

Oracle Q1: revenue up 9% YoY to $12.45B, vs. $12.47B est., cloud services and license support revenue up 13% YoY to $9.5B, net income up 56% YoY; ORCL drops 5%+ (Akash Sriram/Reuters)

Akash Sriram / Reuters:
Oracle Q1: revenue up 9% YoY to $12.45B, vs. $12.47B est., cloud services and license support revenue up 13% YoY to $9.5B, net income up 56% YoY; ORCL drops 5%+ — Oracle (ORCL.N) narrowly missed market expectations for first-quarter revenue on Monday, as companies pared back spending …

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