News Formal

Oracle Corp. Japan shares rise sharply after quarterly profit climbs on cloud business

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Oracle Corp. Japan shares rose sharply Wednesday morning after first-quarter net profit grew on the strength of the cloud business.

The shares were recently 8.6% higher at 10,935 yen after rising as much as 12% earlier.

The Japanese unit of U.S. technology company Oracle Corp. said Tuesday after market close that net profit increased 14% from a year earlier to Y12.88 billion for the quarter ended Aug. 31. First-quarter revenue grew 12% to Y57.37 billion. Operating profit from its cloud and license business rose 14% to Y18.57 billion.

Oracle Corp. Japan kept its earnings projections for the fiscal year ending May 2024. It continues to expect full-year earnings per share to be between Y406.00 and Y418.00, compared with Y100.61 for the first quarter.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft Corp. stock rises Monday, still underperforms marketShares of Microsoft Corp. inched 0.17% higher to $317.54 Monday, on what proved to be an all-around positive trading session for the stock market, with the...
Source: MarketWatch - 🏆 3. / 97 Read more »