00:00Oracle just gave tech investors something to celebrate during a rocky trading week.
00:04Shares of the software giant jumped more than 4% after Oracle beat Wall Street's expectations in
00:09its fiscal first quarter. The company reported adjusted earnings of $1.92 per share.
00:15Comfortably ahead of analyst estimates calling for $1.74, revenue came in even stronger,
00:22hitting $19.35 billion and topping the $19.14 billion consensus estimate from analysts polled
00:29by LS Ag in a briefing with reporters following the release. Oracle's finance chief said the
00:35company's full-year guidance on capital spending remains unchanged, despite the strong beat.
00:40For a market that's been rattled by rising treasury yields and volatile trading in recent days,
00:46Oracle's results offered a genuine bright spot for technology investors looking for good news.
00:51Disclosure. This video contains stock footage and content created or enhanced using AI-assisted tools.
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