According to foreign media, shares of Oracle rose on last Friday after the company reported earnings and revenue that beat analyst estimates for the second quarter of 2022.

    Oracle stock had its best day since March 2020 and its second-biggest gain in the past 20 years. The spike added nearly 38 billion USD to its market cap, bringing it to 280.6 billion USD.

    According to Refinitiv, the company reported $1.21 per share, adjusted in earnings, exceeding analyst estimates of $1.11 per share, tt also brought in $10.36 billion for the quarter in revenue, beating estimates of $10.21 billion.

    Oracle reported guidance for the fiscal third quarter that fell at the midpoint of Wall Street expectations, at an adjusted $1.16 per share. It also expects revenue to of $10.56 billion, implying about 5% revenue growth, on the high-end of analysts’ estimated range.

    About Oracle

    Oracle Corporation (English abbreviation: Oracle) is the world's largest enterprise-level software company, headquartered in Redwood Beach, California, USA. It officially entered the Chinese market in 1989. In 2013, Oracle has surpassed IBM to become the world's second largest software company after Microsoft.

    On the first ranking of “Daguan· Keweiwei World Brand Value Top 900”, Oracle ranks 36th with brand value 598.595 billion RMB.

作者：Nan