Oracle posted its fiscal fourth-quarter results that surpassed analysts' expectations.
The software behemoth’s adjusted earnings for the quarter came in at $1.54 per share, well above the $1.37 expected by analysts polled by Refinitiv.
Revenue rose +5% from the year-ago quarter to $11.84 billion, topping analysts’ estimates of $11.66 billion. Oracle’s cloud infrastructure business increased sales by +36%, lifting total cloud revenue by +19% to $2.9 billion, according to the company.