This post was originally published on this site
Oracle Corporation (NYSE:ORCL) shares fell 3% in after-hours trade following the report.
Oracle announced adjusted EPS of $1.19 on revenue of $12.45 billion. Analysts polled by Investing.com anticipated EPS of $1.15 on revenue of $12.44B.
Cloud services and license support revenues were up 13% to $9.5B year-on-year, but cloud license and on-premise license revenues were down 10% to $0.8B.
“As of today, AI development companies have signed contracts to purchase more than $4 billion of capacity in Oracle’s Gen2 Cloud. That’s twice as much as we had booked at the end of Q4,” the company said Monday.
Adjusted operating margin rose to 41% from 39% in the same period last year.
