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%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

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.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 6. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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 ...
Источник: ChannelNewsAsia - 🏆 6. / 66 Прочитайте больше »