Earnings Digest - Week of June 19th
An overview of last week's earnings and things to watch for next week's announcements, powered by chatGPT.
Last Week in a Nutshell
Summary by Company
To Watch Next Week
Dictionary
Last Week In a Nutshell
Oracle Inc: Oracle beats expectations with strong Q4 results and announces new AI cloud service.
Adobe Inc: guidance disappoints despite meeting earnings and revenue expectations, with Digital Media and Digital Experience segments showing growth.
Kroger Co: Q1 earnings improve, but revenue misses expectations; fiscal 2023 outlook reaffirmed.
Summary by Company
ORCL -1.37%↓ Oracle Inc
Oracle's shares rose 5% in after-hours trading after the company reported fiscal fourth-quarter results that exceeded Wall Street's expectations. Revenue grew 17% YoY to $13.84 billion, with net income reaching $3.32 billion.
Oracle's cloud services and license support revenue increased by 23%, while cloud licenses and on-premises revenue
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