Oracle stock fell as much as 4 percent in extended trading on Thursday even though earnings beat estimates for the fiscal third quarter in addition to the company provided a forecast that will met expectations.

Here are the key numbers:

  • Earnings: 87 cents per share, excluding certain items, vs. 84 cents per share, excluding certain items, as expected by analysts, according to Refinitiv.
  • Revenue: $9.61 billion, vs. $9.59 billion as expected by analysts, according to Refinitiv.

Oracle’s revenue, disclosed in a statement, fell 1 percent via a year earlier inside quarter, which ended on Feb. 28.

With respect to guidance, Oracle CEO Safra Catz said the company can be expecting earnings per share of $1.05 to $1.09, excluding certain items, in addition to revenue that will would certainly be flat to down 2 percent inside fiscal fourth quarter. Analysts were looking for guidance of $1.05 in earnings per share, excluding certain items, in addition to a 1 percent revenue drop, according to Refinitiv.

inside latest quarter, Oracle picked up business via Fair Isaac, Gap Stores in addition to Jo-Ann Stores, CEO Mark Hurd said on a conference call on Thursday. Co-founder Larry Ellison pointed to “university researchers” switching to Oracle via cloud provider Amazon Web Services because of the opportunity cost savings.

Oracle shares are up 1.4 percent inside past year.

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