AUSTIN, Texas (AP) \u2014 AUSTIN, Texas (AP) \u2014 Oracle Corp. (ORCL) on Thursday reported fiscal first-quarter net income of $4.76 billion.<\/p>\n
The Austin, Texas-based company said it had net income of $1.56 per share. Earnings, adjusted for stock option expense and amortization costs, came to $1.92 per share.<\/p>\n
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.<\/p>\n
The software maker posted revenue of $19.35 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $19.13 billion.<\/p>\n
For the current quarter ending in November, Oracle expects its per-share earnings to range from $1.83 to $1.91.<\/p>\n
The company expects full-year earnings to be $8.10 per share, with revenue expected to be $90 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"AUSTIN, Texas (AP) \u2014 AUSTIN, Texas (AP) \u2014 Oracle Corp. (ORCL) on Thursday reported fiscal first-quarter net income…\n","protected":false},"author":2,"featured_media":432208,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[132,134,133,150157,59373,59370,84874],"class_list":["post-432207","post","type-post","status-publish","format-standard","has-post-thumbnail","category-austin","tag-austin","tag-austin-headlines","tag-austin-news","tag-earns-oracle","tag-package-100373-mc-complete-state-national","tag-product-30109-ap-texas-state-news-no-weather","tag-product-30597-ap-business-news-f-wire"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/432207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=432207"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/432207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/432208"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=432207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=432207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=432207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}