Oracle stock jumps due to earnings

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The stock price of Oracle is set to start Tuesday's trading with a jump of $11.00 or 7.90%. The reason for the gap up are the quarterly financial results and future expectations.

Quarterly earnings per share are $1.39 instead of forecast $1.332. Meanwhile, the total revenues were 0.56% above expected.

Moreover, the company expects its income to continue to grow, as it has implemented Ai into its cloud computing solutions, which are cheaper than the ones that are being sold by the market leader, Microsoft.
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