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 and are trading at ₹2,919.95 , down-from-52-week-high.
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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