Oracle earnings miss, stock jumps on Google Cloud, OpenAI deals

In this article:

Oracle (ORCL) reported fourth quarter results that missed Wall Street estimates.

Adjusted earnings of $1.63 per share fell short of the expected $1.65. Adjusted revenue of $14.29 billion missed the estimate of $14.57 billion. However, the company announced a new partnership with Google Cloud (GOOG, GOOGL) and that OpenAI has selected its Oracle Cloud Infrastructure "to extend" Microsoft's Azure AI platform (MSFT).

Yahoo Finance's Julie Hyman and Josh Lipton break down the tech giant's quarterly results.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Stephanie Mikulich.

Advertisement