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Oracle's Q2 earnings slightly missed expectations, but revenue rose 12.2% to $14.93B, with a $0.50 dividend and strong cloud growth.
Oracle Corporation reported second-quarter earnings of $1.47 per share, slightly below expectations, with revenue up 12.2% year-over-year to $14.93 billion.
The company increased its stake in Oracle, with DHJJ Financial Advisors Ltd. holding 2,109 shares and Two Point Capital Management Inc. acquiring a new 71,888-share stake.
Oracle announced a $0.50 quarterly dividend, payable October 23, yielding 0.7%.
Despite a slight earnings miss, the stock has a "Moderate Buy" consensus rating and a target price of $304.71.
The company continues to expand its cloud-based enterprise software offerings globally.
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Las ganancias del segundo trimestre de Oracle superaron ligeramente las expectativas, pero los ingresos aumentaron un 12,2% a $ 14.93B, con un dividendo de $ 0,50 y un fuerte crecimiento de la nube.