Oracle: Fiscal Q1 Earnings Snapshot

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Oracle Corp. (ORCL) on Thursday reported fiscal first-quarter net income of $4.76 billion.

The Austin, Texas-based company said it had net income of $1.56 per share. Earnings, adjusted for stock option expense and amortization costs, came to $1.92 per share.

The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.

The software maker posted revenue of $19.35 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $19.13 billion.

For the current quarter ending in November, Oracle expects its per-share earnings to range from $1.83 to $1.91.

The company expects full-year earnings to be $8.10 per share, with revenue expected to be $90 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORCL at https://www.zacks.com/ap/ORCL