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Oracle Posts Mixed Q4 on Revenue, Profit Drops

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Oracle Posts Mixed Q4 on Revenue, Profit DropsPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Wednesday was not a happy hump day for Oracle (NYSE: ORCL). Following the release of its Q4 of fiscal 2020 results after market close the previous day, the veteran database specialist's stock took it on the chin from investors.

For the quarter, Oracle's revenue dipped by 6% on a year-over-year basis to $10.44 billion. Non-GAAP (adjusted) net profit came in at $3.78 billion ($1.20 per share), down 7% from Q4 of fiscal 2019.

Image source: Oracle.

Source Fool.com

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