The company posted earnings after the bell Wednesday night.
Adjusted earnings in the fourth quarter were $1.19 a share on revenue of $11.14 billion. Analysts were expecting earnings of $1.07 a share on revenue of $10.93 billion.
Stephen Guilfoyle, Real Money contributor, weighed in on Oracle's earnings and what he thinks investors should do with the name.
"I think the earnings were solid. I think they are transforming the firm into more of a cloud type corporation and, and maybe getting away from the legacy businesses. I like that they're teaming up with Microsoft (MSFT - Get Report) to go after Amazon (AMZN - Get Report) , but out of those three names, I like Microsoft. I like Amazon. And then I like Oracle. It's definitely the third, my third choice. I wasn't ready to pay $57 this morning when I was writing the article. That's where it was trading. It's common a little bit during the day," said Guilfoyle. "I'm okay at $55 to maybe bite into the apple for maybe an eighth of a position and see where it goes from there. But I do like that the name does pay a dividend and that it's not volatile at all. If you look at the chart over a couple of years, you might not make a fortune, but there's not a lot of downside risks."
Related. Which Way for Oracle?