ORCL shares rise after Q1 results beat and raised forecasts
Oracle reported fiscal first-quarter results above expectations and raised full-year forecasts; ORCL shares rose more than 4% in overnight trading.
’s shares rose over 4% in overnight trading late Thursday after the cloud company reported fiscal first-quarter results above expectations and raised its full-year forecasts. Analysts and investors were increasingly convinced that surging cloud demand and large investments in new capacity were supporting the outlook.