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Earnings

Home›Earnings›Results›Oracle shares edge up after earnings beat and cloud gr…

Oracle shares edge up after earnings beat and cloud growth

Reported · Written up by our desk · Results

CNBC Earnings reports that Oracle’s stock moved higher after the company posted results that beat expectations for the quarter.

The outlet said Oracle’s cloud infrastructure revenue more than doubled, helping drive the upside reaction.

CNBC Earnings also noted that Oracle’s revenue backlog came in stronger than expected, adding support to the results.

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Sources

CNBC EarningsOracle's stock edges up on earnings beat as cloud infrastructure revenue more than doubles

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