Reuters logo
a month ago
Oracle reports 14.8 pct rise in Q4 profit
June 21, 2017 / 8:13 PM / a month ago

Oracle reports 14.8 pct rise in Q4 profit

1 Min Read

June 21 (Reuters) - Oracle Corp reported a 14.8 percent rise in quarterly profit as the business software maker's transition to cloud-based services begins to yield results, sending its shares up 8 percent in after-market trading.

The company's net income rose $3.23 billion, or 76 cents per share, in the fourth quarter ended May 31, from $2.81 billion, or 66 cents per share, a year earlier.

The company's total revenue rose 2.8 pct to $10.89 billion. (Reporting by Pushkala A and Laharee Chatterjee in Bengaluru; Editing by Arun Koyyur)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below