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ORCL

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Oracle shares spiked 27% in extended trading on Tuesday after the database software maker indicated hefty growth prospects due to new cloud contracts, even as earnings and revenue missed estimates.

Here's how the company did in comparison with LSEG consensus:

Earnings per share: $1.47 adjusted vs. $1.48 expected

Revenue: $14.93 billion vs. $15.04 billion expected

Revenue increased 12% from $13.3 billion a year earlier during the quarter, which ended on Aug. 31, according to a statement . Net income was about flat at $2.93 billion, or $1.01 per share, compared to $2.93 billion, or $1.03 per share, in the same quarter last year.

Oracle said its remaining performance obligations, a measure of contracted

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