Categories: Technology

Oracle Q2: revenue up 5% YoY to $12.94B, vs. $13.05B est., net income up 44% to $2.5B, and cloud and on-prem license revenue down 18% to $1.18B; ORCL drops 8%+ (Jordan Novet/CNBC)

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Jordan Novet / CNBC:

Oracle Q2: income up 5% YoY to $12.94B, vs. $13.05B est., internet revenue up 44% to $2.5B, and cloud and on-prem license income down 18% to $1.18B; ORCL drops 8%+  —  – Oracle’s income got here up quick in three working segments.  — The inventory tumbled in after-hours buying and selling.



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