This translation has been automatically generated and has not been verified for accuracy.Oracle Corp signaled a recovery in client spending as remote work spurred demand for cloud services as well as traditional licensing business, helping it beat expectations for first-quarter results and sending its shares up 5% on Thursday.
It comes at a time when Oracle has been pushing into the cloud business that helps companies save cost by renting data centers rather than owning them.Revenue from its largest the unit, that includes its cloud services, rose 2.1% to $6.95 billion. The company’s net income rose to $2.25 billion, or 72 cents per share, in the first quarter ended Aug. 31, from $2.14 billion, or 63 cents per share, a year earlier.
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