financetom
Business
financetom
/
Business
/
Oracle Fiscal Q4 Non-GAAP Earnings Fall, Revenue Rises; Quarterly Dividend Maintained; New Partnerships Announced
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Oracle Fiscal Q4 Non-GAAP Earnings Fall, Revenue Rises; Quarterly Dividend Maintained; New Partnerships Announced
Jun 11, 2024 2:07 PM

04:46 PM EDT, 06/11/2024 (MT Newswires) -- Oracle (ORCL) reported fiscal Q4 non-GAAP earnings late Tuesday of $1.63 per diluted share, down from $1.67 a year earlier.

Analysts polled by Capital IQ expected $1.65.

Revenue for the quarter ended May 31 was $14.29 billion, up from $13.84 billion a year earlier.

Analysts surveyed by Capital IQ expected $14.57 billion.

The company maintained its quarterly dividend at $0.40 per share, payable July 25 to shareholders of record on July 11.

Additionally, Oracle said it entered into a partnership under which Microsoft's ( MSFT ) Azure Al platform will be extended to Oracle Cloud Infrastructure to provide additional capacity for Microsoft ( MSFT )-backed OpenAl.

Oracle also said it partnered with Alphabet's (GOOG, GOOGL) Google ( GOOG ) to offer customers an option to combine Oracle Cloud Infrastructure and Google Cloud technologies to help accelerate their application migrations and modernization.

Financial terms of both deals weren't disclosed.

Shares of Oracle were up nearly 8% in recent after-hours activity.

Price: 133.54, Change: +9.66, Percent Change: +7.80

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Falcon Oil & Gas Completes Drilling on Second Well in Shenandoah South Pilot Project in Australia
Falcon Oil & Gas Completes Drilling on Second Well in Shenandoah South Pilot Project in Australia
Dec 23, 2024
08:44 AM EST, 12/23/2024 (MT Newswires) -- Falcon Oil & Gas ( FOLGF ) said Monday that it completed drilling the second well in the Shenandoah South pilot project in Australia's Northern Territory. The company said it drilled, cased and cemented to a measured depth of 6,452 meters. Data from the SS4H well indicated strong gas shows and a continuation...
Toyota to build plant to produce EVs in China, Nikkei reports
Toyota to build plant to produce EVs in China, Nikkei reports
Dec 23, 2024
TOKYO (Reuters) - Toyota Motor ( TM ) has decided to build a new factory to produce electric vehicles in China, the Nikkei business daily reported on Monday. The company will produce its luxury car brand Lexus at a new plant in Shanghai, the Nikkei reported citing several sources. Toyota ( TM ) has worked in China via joint ventures...
Vermilion Up 2% in U.S. Pre-Market on $1.08 Billion Takeover of Westbrick Energy
Vermilion Up 2% in U.S. Pre-Market on $1.08 Billion Takeover of Westbrick Energy
Dec 23, 2024
08:43 AM EST, 12/23/2024 (MT Newswires) -- Vermilion Energy ( VET ) traded 2% higher at last look Monday in NYSE pre-market trading after agreeing to acquire privately held oil and gas company Westbrick Energy for $1.08 billion. Vermilion said the acquisition adds 50,000 barrels of oil equivalent per day and 1.1 million acres of land in the Deep Basin...
Apple approaches $4 trillion valuation as investors bet on AI momentum
Apple approaches $4 trillion valuation as investors bet on AI momentum
Dec 23, 2024
(Reuters) - Apple ( AAPL ) is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company's long-awaited AI enhancements to rejuvenate sluggish iPhone sales. The company has pulled ahead of Nvidia ( NVDA ) and Microsoft ( MSFT ) in the race to the monumental milestone, thanks to an about 16%...
Copyright 2023-2026 - www.financetom.com All Rights Reserved