News Formal

Oracle revenue beats as cloud business benefits from remote work

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 66%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Business software maker Oracle Corp beat quarterly revenue expectations on Thursday as more companies signed up for its cloud services and ...

Business software maker Oracle Corp beat quarterly revenue expectations on Thursday as more companies signed up for its cloud services and software to support their remote workforce amid the COVID-19 pandemic.

FILE PHOTO: The Oracle logo is shown on an office building in Irvine, California, U.S. June 28, 2018. REUTERS/Mike BlakeREUTERS: Business software maker Oracle Corp beat quarterly revenue expectations on Thursday as more companies signed up for its cloud services and software to support their remote workforce amid the COVID-19 pandemic.

Total revenue rose 1.6per cent to US$9.37 billion, beating analysts' average estimate of US$9.19 billion, according to IBES data from Refinitiv.The company's net income rose to US$2.25 billion, or 72 cents per share, in the first quarter ended Aug. 31, from US$2.14 billion, or 63 cents per share, a year earlier.

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:

 /  🏆 6. in MY
 

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

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

European companies fear 'arbitrary punishment' amid China-Europe tensions, business groups saysEuropean companies in China are increasingly afraid of 'arbitrary punishment' amid a more politicized business environment, a European business ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »