What's Going On With Oracle Stock Ahead Of Its Q4 Results?

Oracle Corporation ORCL shares are trading flat today. The tech giant’s fourth quarter and fiscal year 2024 results will be released on Tuesday, June 11, after the close of the market. 

Oracle will host a conference call and live webcast at 4:00 p.m. Central Time to discuss its financial results.

In March, Oracle reported a third-quarter revenue increase of 7% year-over-year to $13.3 billion, which missed the consensus estimate of $13.306 billion, according to Benzinga Pro. The company reported quarterly earnings of $1.41 per share, which beat average estimates of $1.38 per share. 

Last week, the company disclosed that Charleston Area Medical Center, Inc. (CAMC) has adopted Oracle Health RevElate Patient Accounting to enhance its billing accuracy, expedite reimbursements, and boost its financial standing.

The implementation allows CAMC to adopt a standardized approach to integrating financial and clinical data, aiding in error reduction, process automation, and eliminating repetitive manual tasks.

Last month, Oracle announced plans to open two Oracle Cloud Regions in Morocco, offering enterprise cloud services to local and regional organizations across Africa. 

Price Action: ORCL shares are down 0.04% at $125.87 at the last check Monday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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