Oracle's (NYSE: ORCL) stock price jumped 10% on June 14 after the enterprise software company posted its Fiscal 2022 fourth-quarter earnings report (for the quarter ending May 31). Its revenue rose 5% year over year (or 10% in constant currency terms) to $11.84 billion, which beat analysts' estimates by $190 million.
Its adjusted net income fell 6% year over year to $4.24 billion, but its adjusted earnings per share (EPS) -- buoyed by $600 million in buybacks -- stayed flat at $1.54 and topped estimates by $0.16. On a generally accepted accounting principles (GAAP) basis, its net income fell 21% to $3.19 billion.
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Source Fool.com