Oracle: Fiscal Q1 Earnings Snapshot

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Oracle Corp. (ORCL) on Monday reported fiscal first-quarter earnings of $2.42 billion.

The Austin, Texas-based company said it had net income of 86 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were $1.19 per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.

The software maker posted revenue of $12.45 billion in the period, meeting Street forecasts.

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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