Software program big Oracle Company (NYSE: ORCL) on Tuesday reported a lower in internet earnings, on an adjusted foundation, for the fourth quarter of 2024. Nevertheless, earnings got here in above estimates.
Might-quarter revenues totaled $14.3 billion, in comparison with $13.84 billion in the identical interval final 12 months. Earnings, excluding particular gadgets, had been $1.63 per share within the fourth quarter, in comparison with $1.67 per share within the prior-year interval. The underside line topped expectations.
On an unadjusted foundation, the tech agency reported a internet earnings of $3.14 billion or $1.11 per share for the fourth quarter, in comparison with $3.32 billion or $1.19 per share within the corresponding interval of 2023.
