Oracle Corp.
(NYSE:ORCL) posted better-than-expected results for the fourth quarter, after the closing bell on Wednesday.
Oracle reported fourth-quarter revenue of approximately $19.18 billion, beating analyst estimates of approximately $19.10 billion, according to Benzinga Pro.
Adjusted earnings grew 24% year-over-year to $2.11 per share, beating analyst estimates of $1.96 per share.
"The large increases in Oracle's RPO and revenue are driven by the growing demand for cloud infrastructure for AI training and inferencing," the company said.
