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

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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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