Earnings

The company reported earnings of $2.5 billion, or 56 cents per share, compared to last year’s results of $2.55 billion, or 56 cents per share. Excluding special items, earnings were 69 cents per share, which matched analysts’ EPS estimates.

Revenue
Revenue came in at $9.6 billion, up from $9.3 billion a year ago. Analysts expected to see revenue of $9.5 billion.

The attention has been on ORCL’s management, after its former CEO Larry Ellison stepped down in September. So far, the company is off to a good start – reporting promising earnings for the second quarter. Notably, the company’s cloud services were a standout in its earnings release. This service is something that Larry Ellison was previously very pessimistic about. For future reports, investors should pay attention to the performance of the company’s cloud services.

The mutual funds below may be a good option for investors seeking exposure to ORCL. The three funds listed currently hold the largest stakes in the company.

The funds above offer investors exposure to Oracle, while remaining diversified. Investors interested in ORCL may also be interested in Intel (INTC) and International Business Machines (IBM).

Shares of ORCL are up 15% YTD.