Yahoo Finance’s Ines Ferre details some of the stocks on the move Friday.
Video Transcript
KARINA MITCHELL: And Ines, you’re watching Oracle, that stock rocketing today.
INES FERRE: Yeah, that’s right, up 15%, Karina, seeing new highs today after the company reported its quarterly results yesterday after the close. Its topline growth grew 6%, sending the stock higher. As you can see, revenue for its latest quarter came in at $10.36 billion, adjusted earnings per share at $1.21. And its infrastructure and application cloud business grew 22%.
Now what’s most interesting was, really, co-founder Larry Ellison on the conference call saying that he received a call from a large telecom client who told him that Oracle’s web hosting service never, ever goes down. Of course, that was a dig at Amazon…
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