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Oracle Q3 Earnings: Revenue Miss, EPS Miss, Backlog Booms 62%, Strong AI Growth Expected, Shares Climb

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Oracle Q3 Earnings: Revenue Miss, EPS Miss, Backlog Booms 62%, Strong AI Growth Expected, Shares Climb - Benzinga

Quick Summary:

Q3 Earnings: Oracle reported third-quarter revenue of $14.13 billion, missing the consensus estimate of $14.39 billion, according to Benzinga Pro.

Cloud revenue was up 23%, cloud infrastructure revenue was up 49%, cloud application revenue was up 9% and Fusion cloud revenue and NetSuite Cloud ERP revenue were both up 16% in the quarter.

Oracle Corp (NYSE:ORCL) reported third-quarter financial results after the market close on Monday.

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Oracle Q3 Earnings: Revenue Miss, EPS Miss, Backlog Booms 62%, Strong AI Growth Expected, Shares Climb - Benzinga (Picture 1)

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Article Details

Author / Journalist: Adam Eckert

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-10 @ 20:47:01 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26864873

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 18 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 10 hours ago

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Publisher ID: #53

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