Oracle (ORCL) Q4 Earnings Miss Estimates, Revenues Rise Y/Y

Oracle (ORCL) reported fourth-quarter fiscal 2024 non-GAAP earnings of $1.63 per share, which missed the Zacks Consensus Estimate by 1.83% and declined 2.4% year over year. At constant currency (cc), earnings decreased 1% year over year.Revenues rose 3.3% (up 4% at cc) year over year to $14.28 billion but missed the Zacks Consensus Estimate by 0.61%.Shares of ORCL gained more than 9% in extended trading after the company gave upbeat guidance and announced cloud partnerships with OpenAI and Alphabet (GOOGL) ...