The SAP competitor Oracle presented its figures for the first quarter of its 2026 financial year on Tuesday after the end of the stock market trade.
In the last annual quarter, Oracle achieved $ 1.01 profit per share after a profit per share of $ 1.03 in the previous year was recorded in the books. Experts had estimated the EPS for the past annual quarter to $ 1.48.
The sales of the SAP rival in the past quarter was $ 14.93 billion. Oracle thus misses the sales estimates of the analysts, which had amounted to $ 15.04 billion. A year ago, the company implemented $ 13.31 billion.
The Oracle share temporarily lists 15.57 percent in the post-exchangeable NYSE trading at $ 279.17. The cause of the software giant is likely to be the cause: for the 2026 financial year, Oracle sees growth of the cloud infrastructure revenue by $ 77 to $ 18 billion.
Editor finance.net
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