Oracle Shares Rise After Strong Earnings Report
Listen to the story
Oracle's stock price rose after the company reported better earnings than expected.
Earnings show how much profit a company makes over a period of time.
Oracle's revenue, or total income, increased compared to the previous year.
The company's profit also went up, according to the report.
The biggest reason for this success was Oracle's cloud infrastructure business.
Cloud infrastructure refers to computer systems that businesses rent through the internet instead of buying their own machines.
Oracle's revenue from this area more than doubled, showing strong demand for its services.
Demand means how much customers want a product or service.
Because Oracle performed better than analysts expected, this is known as an earnings beat.
This positive result made investors more confident, and Oracle's stock price increased.
The news came at a time when U.S. stock futures were fairly steady.
Stock futures are contracts that predict how markets will perform before trading begins.
Investors were also waiting for new CPI data, which measures changes in consumer prices.
This information helps people understand inflation and how fast prices are rising.
Oracle's strong earnings gave the market some encouraging news during an otherwise cautious day.
Analysts said the growth in cloud infrastructure reflects rising demand for computing power used in areas like artificial intelligence.
Vocabulary10 words
- earnings
- profit a company makes
- revenue
- total income before costs
- cloud infrastructure
- online computer systems companies rent
- demand
- how much people want something
- earnings beat
- results better than experts expected
- investors
- people who put money into companies
- stock futures
- early predictions of market movement
- CPI
- measure of price changes
- inflation
- rising prices over time
- analysts
- experts who study companies and markets
Quiz
Answer key
1. Because earnings beat expectations 2. It more than doubled 3. CPI data
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Oracle's stock price rose after the company reported better _____ than expected.
Oracle's _____, or total income, increased compared to the previous year.
The biggest reason for this success was Oracle's _____ business.
Oracle's revenue from this area more than _____, showing strong demand for its services.
Because Oracle performed better than analysts expected, this is known as an _____.
This positive result made _____ more confident.
The news came at a time when U.S. stock _____ were fairly steady.
Investors were also waiting for new _____ data.
This information helps people understand _____ and how fast prices are rising.
Analysts said the growth in cloud infrastructure reflects rising demand for computing power used in areas like artificial intelligence.