Oracle reported quarterly earnings that beat analysts' expectations, sending its shares higher in after-hours trading on Tuesday.
The world’s biggest maker of database software [ ORCL 30.10 +0.34 (+1.14%) ] delivered third-quarter earnings excluding items of 62 cents per share, up from 54 cents a share in the year-earlier period.
Revenue was $9.04 billion, a 2.2 percent increase from $8.81 billion a year ago.
This is a bounce back from the company's last quarter — its worst quarter in nine years, which showed up in the stock price. Shares had gained just 3 percent since the company reported quarterly results in December, compared with a 17 percent rise in the Nasdaq Composite Index.
Analysts had expected the company to report earnings excluding items of 56 cents per share on revenue of $9.024 billion, according to Thomson Reuters.
After the announcement, shares of the company rose in after-hours trading. Get after-hour quotes for Oracle here.
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