Getty Images/Justin Sullivan
Oracle co-CEO Safra Catz
Oracle matched analysts' revenue targets and beat adjusted profit estimates during the company's fiscal Q3, but the stock was down more than 3% in after hours trading.
Here's what Oracle reported:
- Earnings per share (adjusted) were $0.83, up 16% from the year before. Analysts expected $0.72.
- Revenue (GAAP) for the quarter was $9.78 billion, up 6% from the year before. Analysts expected $9.78 billion.
- Cloud revenue at the company was up 32% to $1.6 billion
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