Oracle Rises Some 8% After Hours on Fiscal Q1 Earnings and Revenue Beats

ORCL gained 8.2% to trade at $151.40 shortly after 4:30 p.m. ET after the firm said it earned $1.39 per share on a non-GAAP basis in the three months ended Aug. 31. That reportedly beat the $1.33 that analysts' consensus estimate had called for.

Similarly, revenues came in at $13.3 billion, exceeding the $13.24 billion analysts' consensus had reportedly forecast.

Meanwhile, ORCL also announced the launch of Oracle Database@AWS, a new product that will allow customers to access the Oracle Autonomous Database on dedicated infrastructure and the Oracle Exadata Database Service within the Amazon Web Services cloud.