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Oracle Stock Slides as Revenue Falls Short of Expectations

^{Published on 2024-12-10 06:01:09 - Investopedia}
 

• Oracle reported fiscal second-quarter revenue that missed analysts' expectations, sending shares lower in extended trading Monday.

Oracle Corporation reported its fiscal second-quarter earnings for 2025, showcasing a robust performance with total revenue reaching $12.94 billion, marking a 7% increase year-over-year. The company's cloud services and license support segment, which is its largest revenue generator, grew by 12% to $9.96 billion. However, the cloud license and on-premise license segment saw a decline of 15%, totaling $1.2 billion. Oracle's earnings per share (EPS) was $1.34, surpassing the consensus estimate of $1.32. The company also highlighted significant growth in its cloud infrastructure, with a 52% increase in revenue, driven by demand for generative AI and other cloud services. Despite these gains, Oracle's stock experienced a slight dip in after-hours trading due to concerns over future growth rates and competition in the cloud market.

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[ https://www.investopedia.com/oracle-q2-fy-2025-earnings-8757672 ]

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