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News: Oracle sees rise in its shares, beats what the analysts have expected

Oracle measures an unexpected rise in its share of 5%, as the company reported fiscal third-quarter earnings and quarterly earnings guidance that was better than analysts had expected. The company’s revenue grew 2% on an annualized basis in the quarter, which ended on February 29, according to a statement. 

The company’s hardware and services divisions missed expectations. The hardware had $857 million in revenue, down 6% in the quarter, while the FactSet consensus was $878 million. The company had $778 million in services revenue, down 1%; the FactSet consensus was $781 million consensuses.