Oracle (ORCL) Stock: Slides 11% as Revenue Disappoints and Guidance Comes in Light

TLDR Oracle reported Q2 adjusted EPS of $2.26, smashing the $1.64 estimate, but a $2.7 billion Ampere sale boosted results Revenue reached $16.06 billion, missing the $16.19 billion target despite 14% annual growth Multiyear backlog grew to $523 billion with new Meta and Nvidia commitments driving cloud expansion Stock plunged 11% after hours on disappointing [...]

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