Revenue Update on Oracle Corporation(NYSE:ORCL)

Oracle Corporation(NYSE:ORCL) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jun 16, 2016. Company reported revenue of $10.60B. Analysts estimated a revenue of $10.47B. Earnings per share were $0.81. Analysts had estimated an EPS of $0.82.

In a different note, Macquarie said it Initiates Coverage on Oracle Corporation, according to a research note issued on Apr 26, 2016. The shares have been rated ‘Outperform’ by the firm.

Oracle Corporation (ORCL) made into the market gainers list on Tuesdays trading session with the shares advancing 0.65% or 0.26 points. Due to strong positive momentum, the stock ended at $39.99, which is also near the day’s high of $40.12. The stock began the session at $39.93 and the volume stood at 2,01,11,116 shares. The 52-week high of the shares is $42.06 and the 52 week low is $33.13. The company has a current market capitalization of $165,953 M and it has 4,14,98,65,000 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Hector Garcia-molina (director) sold 3,275 shares at $39.57 per share price.Also, On Apr 26, 2016, Thomas Kurian (President-Product Development) sold 179,267 shares at $41.25 per share price.On Apr 13, 2016, Jeffrey Berg (director) sold 10,400 shares at $40.80 per share price, according to the Form-4 filing with the securities and exchange commission.

Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products and services. The Company’s offerings include Oracle database and middleware software application software cloud infrastructure hardware systems including computer server storage and networking products and related services. It operates through various segments including new software licenses and cloud software subscriptions which include software licenses and Oracle Cloud offerings; cloud infrastructure-as-a-service which provides deployment and management offerings; software license updates and product support which includes support enhancements and upgrades for Oracle software products; hardware systems products which includes servers storage networking virtualization software operating systems and management software; hardware systems support which provides software updates for software components and services business which offers consulting services

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