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ORCL Earnings: Oracle Q3 2024 adj. profit rises, beats estimates

March 12, 2024
in Markets
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ORCL Earnings: Oracle Q3 2024 adj. profit rises, beats estimates

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Software program large Oracle Company (NYSE: ORCL) on Monday reported a rise in web earnings, on an adjusted foundation, for the third quarter of 2024. Earnings additionally got here in above estimates.

Oracle Q3 2024 earnings infographic

February-quarter revenues totaled $13.3 billion, in comparison with $12.4 billion in the identical interval final yr. Earnings, excluding particular gadgets, have been $1.41 per share within the third quarter, in comparison with $1.22 per share within the prior-year interval. The underside line topped expectations.

On an unadjusted foundation, the tech agency reported a web earnings of $2.40 billion or $0.85 per share for the third quarter, in comparison with $1.90 billion or $0.68 per share within the corresponding interval of 2023.

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Tags: beatsEarningsestimatesOracleORCLprofitRises
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