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 June 20, 2019 03:05:16 IST
Cloud growth helps Oracle's quarterly profit rise 14%

Cloud growth helps Oracles 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.

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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