Cloud growth helps Oracle's quarterly profit rise 14%
(Reuters) - Business software maker Oracle Corp reported a 14% rise in quarterly profit on Wednesday, driven by growth in its cloud services and license support business. The company's net income rose to $3.74 billion, or $1.07 cents per share, in the fourth quarter ended May 31, from $3.28 billion, or 79 cents per share, a year earlier
(Reuters) - Business software maker Oracle Corp reported a 14% rise in quarterly profit on Wednesday, driven by growth in its cloud services and license support business.
The company's net income rose to $3.74 billion, or $1.07 cents per share, in the fourth quarter ended May 31, from $3.28 billion, or 79 cents per share, a year earlier.
Total revenue rose to $11.14 billion from $11.01 billion.
(Reporting by Sayanti Chakraborty in Bengaluru; Editing by Shounak Dasgupta)
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By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
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