Oracle Shares Rise After Strong Earnings Report
Listen to the story
Oracle is a big technology company. It makes software and cloud services.
This week, Oracle shared its new earnings report. The report shows how much money a company makes.
Oracle made more money than experts thought. This is called an earnings beat.
Oracle's cloud infrastructure business grew a lot. Cloud infrastructure means computer power that companies rent online.
This part of Oracle's business more than doubled. That means it grew two times bigger.
After the good news, Oracle's stock price went up. A stock is a small part of a company that people can buy.
The news happened at the same time as other market news. People were also waiting for CPI data. CPI shows how prices change for normal people.
Investors felt good about Oracle. Investors are people who put money into companies.
Oracle's strong report helped calm the stock market a little.
Vocabulary15 words
- earnings
- money a company makes
- earnings beat
- when a company makes more money than expected
- cloud infrastructure
- computer systems that businesses use online
- stock
- a small part of a company you can buy
- CPI
- a number that shows how prices change
- investors
- people who put money into companies
- revenue
- total money a company earns
- profit
- money left after costs
- technology company
- a business that makes computer products
- software
- computer programs
- market
- place where stocks are bought and sold
- growth
- getting bigger
- report
- official information shared with people
- doubled
- became two times bigger
- steady
- not changing much
Quiz
Answer key
1. A technology company 2. It more than doubled 3. It went up
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Oracle is a big _____ company. It makes software and cloud services.
This week, Oracle shared its new _____ report.
Oracle made more money than experts thought. This is called an _____.
Oracle's _____ business grew a lot.
This part of Oracle's business more than _____.
After the good news, Oracle's _____ price went up.
People were also waiting for _____ data.
_____ are people who put money into companies.
Oracle's strong report helped calm the stock _____ a little.