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.
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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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