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3. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 57

Shares of Oracle Corporation (NYSE:ORCL) slightly moved up after the opening bell on Friday, March 11, 2022, despite posting mixed financial performance for its fiscal third quarter.

Oracle Corporation (NYSE:ORCL) reported adjusted earnings of $1.13 per share for the three months ended February 28, 2022, missing analysts’ average estimate of $1.18 per share. Revenue for the quarter rose four percent versus last year to $10.513 billion and matched expectations.

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Oracle Corporation (NYSE:ORCL) also issued its segment-wise sales performance. Its cloud services and license support revenue rose five percent to $7.6 billion, while cloud license and on-premise license revenue inched up one percent to $1.3 billion in the quarter.

Speaking on the results, CTO Larry Ellison said:

“In Q3, Oracle completed development of the multi-cloud version of our MySQL HeatWave open-source database. The MySQL HeatWave database is already running in the Oracle Gen2 Cloud. In a few weeks, MySQL HeatWave will also be available in the Amazon Cloud and the Microsoft Azure Cloud.”