Business & Economy · 2 views
Oracle's stock edges up on earnings beat as cloud infrastructure revenue more than doubles
Oracle shares moved 4% higher in extended trading on Thursday after the software vendor issued stronger-than-expected quarterly results.
Summary
Oracle shares moved 4% higher in extended trading on Thursday after the software vendor issued stronger-than-expected quarterly results. Oracle's revenue grew almost 30% year over year in the fiscal first quarter, which ended on Aug. 31, according to a statement . Net income of $4.68 billion, or $1.56 per , was up from $2.93 billion, or $1.01 per , a year ago.
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