December 17, 2018 / 9:09 PM / 3 months ago

Oracle quarterly profit rises 5 pct

Dec 17 (Reuters) - Business software maker Oracle Corp reported a 5.4 percent rise in quarterly profit on Monday, driven by growth in its cloud services and license support business.

The company’s net income rose to $2.33 billion, or 61 cents per share, in the second quarter ended Nov. 30, from $2.21 billion, or 52 cents per share, a year earlier.

Total revenue fell to $9.56 billion from $9.59 billion. (Reporting by Vibhuti Sharma in Bengaluru; Editing by Arun Koyyur)

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