Oracle beats quarterly revenue estimates on strong cloud demand

Posted on : March 10, 2021
Oracle beats quarterly revenue estimates on strong cloud demand
FILE PHOTO: An exterior view of the Oracle Field Office at Wilson Boulevard in Arlington, Virginia, U.S., October 18, 2019. REUTERS/Tom Brenner/File Photo

(Reuters) – Business software maker Oracle Corp reported quarterly revenue on Wednesday that beat analysts’ estimates, helped by strong demand for its cloud computing services due to remote working.

Revenue rose to $10.09 from $9.8 billion during the third quarter ended Feb. 28, compared with analysts’ estimates of $10.07 billion, according to IBES data from Refinitiv.

Source: Read Full Article