Oracle beat on earnings per share while growing cloud revenue by 32%

Getty Images/Justin Sullivan

Oracle co-CEO Safra Catz

Oracle matched analysts' revenue targets and beat adjusted profit estimates during the company's fiscal Q3, but the stock was down more than 3% in after hours trading.

Here's what Oracle reported:

• Earnings per share (adjusted) were $0.83, up 16% from the year before. Analysts expected $0.72.
• Revenue (GAAP) for the quarter was $9.78 billion, up 6% from the year before. Analysts expected $9.78 billion.
• Cloud revenue at the company was up 32% to $1.6 billion

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