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Oracle Reports Earnings: It's A Miss!

Julie BortMar 19, 2014, 01:41 IST

Flickr/OracleOracle CEO Larry Ellison

Oracle just reported quarterly earnings.

It reported revenues of $9.32 billion (a slight miss) and adjusted earnings per share of 68 cents (another miss)

Analysts on average expected Oracle's revenue to rise 4%, to about $9.36 billion. They were also expecting adjusted earnings of 70 cents a share, up from 65 cents in the year-earlier quarter.

Oracle posted a nice and much needed beat last quarter, after having a rough go of it for previous three quarters, missing on revenue.

We're sifting through the release now and will update this post shortly.