Oracle reports fiscal Q1 profit up 60% to $4.76 billion
Oracle said profit for its fiscal first quarter ended Aug. 31 rose 60% to $4.76 billion, or $1.56 a share. Revenue was also higher, with cloud infrastructure sales more than doubling.
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08:35:30 PM UTC
SquawkNews
REDWOOD SHORES (dpa-AFX) - Oracle Corp. (ORCL) revealed a profit for its first quarter that Increases, from last yearThe company's earnings totaled $4.679 billion, or $1.56 per share. This compares with $2.927 billion, or $1.01 per share, last year.Excluding items, Oracle Corp. reported adjusted e…
76 billion for the period ended Aug. 56 a share. The software and cloud-computing company also said revenue increased in the latest quarter, and sales from its cloud infrastructure business more than doubled.