Oracle released a quarterly earnings report that exceeded Wall Street expectations, thanks largely to a significant jump in software and cloud subscription revenue. The company announced a profit of $2.6 billion, or 53 cents per share, for the quarter. This compares with the $2.2 billion, or 43 cents per share, it brought in during the same period a year ago. Revenue increased 3 percent to $9.1 billion for its second fiscal quarter, up from $8.8 billion from the previous year.
Loading ...
Software Drives Oracle's Strong Q2
Posted by: Rachelle Dragani December 19, 2012 01:57 PMOracle released a quarterly earnings report that exceeded Wall Street expectations, thanks largely to a significant jump in software and cloud subscription revenue. The company announced a profit of $2.6 billion, or 53 cents per share, for the quarter. This compares with the $2.2 billion, or 43 cents per share, it brought in during the same period a year ago. Revenue increased 3 percent to $9.1 billion for its second fiscal quarter, up from $8.8 billion from the previous year.