Oracle Corporation (NYSE:ORCL) will release earnings results for its fourth quarter, after the closing bell on Tuesday.
Analysts expect the Austin, Texas-based company to report quarterly earnings at $1.65 per share. That's down from $1.67 per share in the year-ago period. Oracle is projected to post quarterly revenue of $14.59 billion, compared to $13.84 billion a year ago, according to data from Benzinga Pro.
The tech giant recently announced plans to open two Oracle Cloud Regions in Morocco, offering enterprise cloud services to local and regional organizations across Africa.
Oracle shares rose 2% to close at $125.92 on Friday.
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