Oracle (ORCL) is a large global enterprise technology software company headquartered in Austin, Texas, USA。The company was founded in 1977 by Larry Ellison and Bob Miner.。Oracle's core business is the development and sale of enterprise software, including databases, application servers, intermediaries and cloud computing services.。

Oracle reported quarterly earnings on Monday that beat Wall Street expectations, and its shares rose 13 percent in after-hours trading。

The following is the company's performance for the third quarter of the fiscal year ended February 29, 2024:

● EPS: Adjusted for 1.41 dollars, the market expected 1.38美元

● Revenue: 132.$800 million, market expected $13.3 billion

For the fiscal fourth quarter, Oracle said it expects earnings per share of 1.62 to 1.66美元。Analysts expect adjusted earnings per share of 1, according to LSEG.64美元。Revenue will increase 4% to 6% from sales of $13.8 billion in the same period last year.。The median equated to about $14.5 billion in revenue, compared with analysts' expectations of just over $14.7 billion.。

Oracle CEO Safra Catz said the company is committed to its previously set goal of reaching $65 billion in sales by fiscal year 2026.。"Given the current momentum, some of these targets may prove too conservative," Katz said.。"

Revenue for the quarter was up 7% from $12.4 billion a year ago。Net income rose 27% to $2.4 billion (or 85 cents per share) from $1.9 billion (or 68 cents per share) a year earlier.。

As Oracle's largest business unit, cloud services and licensing support revenue grew 12% to 99%..$600 million, slightly above market consensus of 99.$400 million。The company attributed this growth to strong demand for its AI servers.。

Katz said the company added some "large new cloud infrastructure" contracts during the quarter.。The company said its revenue as part of its cloud services division rose 25% year-over-year to $5.1 billion.。

Katz told investors on an earnings call: "We signed a couple of big deals this quarter, and there are many more in the pipeline.。"

Oracle Chairman Ellison Mentions Increase in Microsoft Business on Earnings Call。Ellison said: "We are building 20 data center projects for Microsoft and its Azure.。They ordered three more data center projects this week。"

For the rest of the company, cloud licensing and on-premises sales fell 3% to 12.$600 million, slightly above market forecasts。Hardware revenue down 7% to 7.$5.4 billion, while sales in the company's services division fell 5% to 1.3.$100 million, both missed market expectations。

Before Monday's report, Oracle shares were up 8.7%, slightly higher than the S & P 500。