Investing.com - Oracle (NYSE:ORCL) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Oracle announced earnings per share of ₹46.06 on revenue of ₹13.76. Analysts polled by Investing.com anticipated EPS of ₹59.80 on revenue of ₹12,631M.
Oracle shares are up 58.15% from the beginning of the year, still down 38.06% from its 52 week high of ₹4,714.00 set on October 27, 2021.
Oracle follows other major Information Technology sector earnings this month
Oracle's report follows an earnings beat by Tata Consultancy on October 10, who reported EPS of ₹28.5 on revenue of ₹553.09B, compared to forecasts EPS of ₹28.46 on revenue of ₹550.82B.
Infosys had beat expectations on October 13 with second quarter EPS of ₹14.34 on revenue of ₹365.4B, compared to forecast for EPS of ₹14.2 on revenue of ₹365.67B.
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