Investing.com - Oracle (NYSE:ORCL) reported second quarter earnings that beat analysts' expectations on Monday and revenue that topped forecasts.
The firm reported earnings per share of $0.8 on revenue of $9.57B. Analysts polled by Investing.com forecast EPS of $0.78 on revenue of $9.52B. That compared to EPS of $0.83 on revenue of $9.62B in the same period a year earlier. The company had reported EPS of $0.71 on revenue of $9.2B in the previous quarter.
For the year, Oracle shares are down 3.28%, outperforming the S&P 500 which is down 5.13% year to date.
Oracle follows other major Technology sector earnings this month
On Thursday, Adobe reported fourth quarter EPS of $1.83 on revenue of $2.46B, compared to forecasts of EPS of $1.88 on revenue of $2.43B.
Broadcom earnings beat analyst's expectations on December 6, with fourth quarter EPS of $5.85 on revenue of $5.45B. Investing.com analysts expected EPS of $5.58 on revenue of $5.4B
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