Oracle Corporation (NYSE:ORCL) posted weaker-than-expected earnings and sales results for its second quarter on Monday.

The company reported second-quarter revenue of $14.06 billion, up 9% year-over-year. The revenue total missed a Street consensus estimate of $14.11 billion. The company reported adjusted earnings per share of $1.47, missing a Street consensus estimate of $1.48.

“Record level AI demand drove Oracle Cloud Infrastructure revenue up 52% in Q2, a much higher growth rate than any of our hyperscale cloud infrastructure competitors,” Oracle CEO Safra Catz said. “GPU consumption was up 336% in the quarter – and we delivered the world’s largest and fastest AI SuperComputer scaling up to 65,000 NVIDIA H200 GPUs.”

Oracle shares fell 0.7% to close at $190.45 on Monday.

These analysts made changes to their price targets on Oracle following earnings announcement.

Considering buying ORCL stock? Here’s what analysts think:

Read This Next:

• S&P 500, Nasdaq Retreat From Record Highs As Nvidia Declines Over Chinese Antitrust Concerns: Fear & Greed Index Remains In ‘Neutral’ Zone