04:57 AM EDT, 06/12/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Oracle (ORCL) shares were up 9% in premarket activity Wednesday after the company reported overnight an increase in fiscal Q4 sales and unveiled partnerships with Microsoft ( MSFT ) and Alphabet's (GOOG, GOOGL) Google ( GOOG ).

The company 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 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.

Price: 135.60, Change: +11.72, Percent Change: +9.46