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.
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