Technology
Oracle Q2: revenue up 5% YoY to $12.94B, vs. $13.05B est., net income up 44% to $2.5B, and cloud and on-prem license revenue down 18% to $1.18B; ORCL drops 8%+ (Jordan Novet/CNBC)
Jordan Novet / CNBC:
Oracle Q2: revenue up 5% YoY to $12.94B, vs. $13.05B est., net income up 44% to $2.5B, and cloud and on-prem license revenue down 18% to $1.18B; ORCL drops 8%+ — – Oracle’s revenue came up short in three operating segments. — The stock tumbled in after-hours trading.
