Investing.com - Oracle (NYSE:ORCL) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Oracle announced earnings per share of $1.21 on revenue of $10.4B. Analysts polled by Investing.com anticipated EPS of $1.11 on revenue of $10.21B.
Oracle shares are up 37% from the beginning of the year and are trading at $93.90 , down-from-52-week-high.They are outperforming the S&P 500 which is up 24.31% from the start of the year.
Oracle shares gained 5.81% in after-hours trade the report.
Oracle follows other major Information Technology sector earnings this month
Oracle's report follows an earnings beat by NVIDIA on November 17, who reported EPS of $1.17 on revenue of $7.1B, compared to forecasts EPS of $1.11 on revenue of $6.82B.
Salesforce.com had beat expectations on November 30 with third quarter EPS of $1.27 on revenue of $6.86B, compared to forecast for EPS of $0.9224 on revenue of $6.8B.
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