While revenue of $12.9 billion marked a 5.4% year-over-year increase, it fell short of the $13.05 billion analysts had anticipated.
Adjusted earnings per share (EPS) came in at $1.34, exceeding the $1.33 analysts predicted and representing a healthy 19% increase over the same period last year.
However, the cloud applications segment revealed a less rosy picture. Revenue growth for cloud applications was a more modest 15%, falling short of expectations and raising concerns about the competitiveness of Oracle's application offerings.
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