Oracle beat on earnings per share while growing cloud revenue by 32% (ORCL)

Though Oracle matched analysts' revenue targets and beat adjusted profit estimates during the company's fiscal third quarter, its stock was down more than 3% in after-hours trading.
Making good on years of promises, the company reported strong cloud growth, a vital area for the 40-year-old database company as it looks to catch up with more established cloud rivals at Amazon Web Services and Microsoft.
Oracle reported $1.6 billion in revenue from its cloud services — which includes a mix o