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Oracle Stock Is Surging Because Earnings Were Really, Really Good

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Oracle shares headed higher after the enterprise software giant posted better-than-expected financial results for its fiscal second quarter.

For the quarter ended Nov. 30, Oracle (ticker: ORCL) reported revenue of $10.4 billion, up 6% from a year ago, and ahead of both the company’s guidance range of 3% to 5% growth, and the Street consensus forecast for $10.2 billion. It was the company’s best quarter of growth since 2018.

Non-GAAP…

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