Oracle Stock Surges On Q4 Earnings Beat, Cerner-Powered Cloud Sales Outlook

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The Street

By Martin Baccardax “We feel very optimistic about our business momentum. And we also recognize that there is increasing macro uncertainty right now,” said CEO Safra Catz. Oracle Corp. (ORCL) – Get Oracle Corporation Report shares surged higher Tuesday after the cloud-focused software group posted stronger-than-expected fourth quarter earnings and said robust demand would help offset strong-dollar headwinds as it kicks off its new fiscal year. Oracle said overall revenues rose 5%, topping $11.84 billion, over its fiscal fourth quarter, which ended in March, helping adjusted earnings rise 7% to…

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