Oracle (NYSE:ORCL) reported first quarter earnings that beat analyst's expectations on Monday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.71 on revenue of $9.2B. Analysts polled by forecast EPS of $0.68 on revenue of $9.25B. That compared to EPS of $0.70 on revenue of $9.19B in the same period a year earlier The company had reported EPS of $0.99 on revenue of $11.26B in the previous quarter.
Oracle shares slightly moved 0.14% to trade at $46.90 in after-hours trade following the report.
For the year, Oracle shares are up 3.38%, under-performing the S&P 500 which is up 7.64% year to date.
Oracle follows other major Technology sector earnings this month
On Thursday, Adobe (NASDAQ:ADBE) reported third quarter EPS of $1.73 on revenue of $2.29B, compared to forecasts of EPS of $1.69 on revenue of $2.25B.
Salesforce.com (NYSE:CRM) earnings beat analyst's expectations on August 29, with second quarter EPS of $0.71 on revenue of $3.28B. analysts expected EPS of $0.47 on revenue of $3.23B
